At the time of writing, Dave Inc [DAVE] stock is trading at $45.87, up 21.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DAVE shares have gain 14.93% over the last week, with a monthly amount glided 3.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dave Inc [NASDAQ: DAVE] stock has seen the most recent analyst activity on August 12, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $53. Previously, Lake Street started tracking the stock with Buy rating on July 26, 2024, and set its price target to $53. On June 10, 2024, Seaport Research Partners initiated with a Buy rating and assigned a price target of $54 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $60 on June 07, 2024. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $70 as its price target on April 29, 2024. Barrington Research upgraded its rating to Outperform for this stock on April 23, 2024, but kept the price target unchanged to $45. In a note dated March 15, 2024, Barrington Research initiated an Mkt Perform rating.
For the past year, the stock price of Dave Inc fluctuated between $5.20 and $63.50. Currently, Wall Street analysts expect the stock to reach $41.83 within the next 12 months. Dave Inc [NASDAQ: DAVE] shares were valued at $45.87 at the most recent close of the market. An investor can expect a potential drop of -8.81% based on the average DAVE price forecast.
Analyzing the DAVE fundamentals
According to Dave Inc [NASDAQ:DAVE], the company’s sales were 319.45M for trailing twelve months, which represents an 40.55% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.37%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.26 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.38 points at the first support level, and at 36.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.21, and for the 2nd resistance point, it is at 50.56.
Ratios To Look Out For
It is important to note that Dave Inc [NASDAQ:DAVE] has a current ratio of 8.67. Also, the Quick Ratio is 8.67, while the Cash Ratio stands at 1.84. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 4.08 and price to earnings (TTM) ratio is 14.66.
Transactions by insiders
Recent insider trading involved Section 32 Fund 1, LP, 10% Owner, that happened on Oct 09 ’24 when 1.0 million shares were sold. Director, POPE MICHAEL W completed a deal on Jun 10 ’24 to sell 7851.0 shares. Meanwhile, Director POPE MICHAEL W sold 7851.0 shares on Jun 11 ’24.
