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What To Expect As Dave Inc. (NASDAQ: DAVE) Delivers An -94.85% Gain In 6 Months

During the last session, Dave Inc. (NASDAQ:DAVE)’s traded shares were 7.48 million. At the end of the trading day, the stock’s price was $0.74, reflecting an intraday gain of 11.67% or $0.08. The 52-week high for the DAVE share is $15.35, that puts it down -1974.32 from that peak though still a striking 27.03% gain since the share price plummeted to a 52-week low of $0.54. The company’s market capitalization is $291.49M, and the average intraday trading volume over the past 10 days was 22.0 million shares, and the average trade volume was 5.01 million shares over the past three months.

Dave Inc. (DAVE) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. DAVE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.

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Dave Inc. (NASDAQ:DAVE) trade information

Dave Inc. (DAVE) registered a 11.67% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.67% in intraday trading to $0.74 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 0.96%, and it has moved by 2.38% in 30 days. Based on these gigs, the overall price performance for the year is -92.54%. The short interest in Dave Inc. (NASDAQ:DAVE) is 5.46 million shares and it means that shorts have 2.85 day(s) to cover.

The consensus price target of analysts on Wall Street is $0.65, which implies a decrease of -13.85% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.65 and $0.65 respectively. As a result, DAVE is trading at a premium of 12.16% off the target high and 12.16% off the low.

Dave Inc. (DAVE) estimates and forecasts

Statistics show that Dave Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Dave Inc. (DAVE) shares have gone down -94.85% during the last six months, with a year-to-date growth rate less than the industry average at -45.00% against 12.60. In the rating firms’ projections, revenue will increase 32.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $49.42 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $54.06 million by the end of Sep 2022.

While earnings are projected to return -187.40% in 2022.

DAVE Dividends

Dave Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Dave Inc. (NASDAQ:DAVE)’s Major holders

Dave Inc. insiders own 40.69% of total outstanding shares while institutional holders control 14.42%, with the float percentage being 24.32%. Tiger Global Management, LLC is the largest shareholder of the company, while 50 institutions own stock in it. As of Mar 30, 2022, the company held over 13.84 million shares (or 4.28% of all shares), a total value of $98.99 million in shares.

The next largest institutional holding, with 4.65 million shares, is of Corbin Capital Partners, LP’s that is approximately 1.44% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $33.23 million.

Also, the Mutual Funds coming in first place with the largest holdings of Dave Inc. (DAVE) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Extended Market Index Fund owns about 2.21 million shares. This amounts to just over 0.68 percent of the company’s overall shares, with a $15.78 million market value. The same data shows that the other fund manager holds slightly less at 0.87 million, or about 0.27% of the stock, which is worth about $2.0 million.

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