In the last trading session, 1.07 million Dave Inc (NASDAQ:DAVE) shares changed hands as the company’s beta touched 3.02. With the company’s per share price at $62.80 changed hands at $3.54 or 5.97% during last session, the market valuation stood at $795.63M. DAVE’s last price was a discount, traded about -1.11% off its 52-week high of $63.50. The share price had its 52-week low at $5.20, which suggests the last value was 91.72% up since then. When we look at Dave Inc’s average trading volume, we note the 10-day average is 0.52 million shares, with the 3-month average coming to 300.64K.
Analysts gave the Dave Inc (DAVE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended DAVE as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Dave Inc’s EPS for the current quarter is expected to be -0.11.
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Dave Inc (NASDAQ:DAVE) trade information
Instantly DAVE was in green as seen at the end of in last trading. With action 66.76%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 648.96%, with the 5-day performance at 66.76% in the green. However, in the 30-day time frame, Dave Inc (NASDAQ:DAVE) is 43.35% up. Looking at the short shares, we see there were 2.1 million shares sold at short interest cover period of 8.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is 53, meaning bulls need a downside of -18.49% from its current market value. According to analyst projections, DAVE’s forecast low is 0.15625 with 58 as the target high. To hit the forecast high, the stock’s price needs a 7.64% surge from its current level, while the stock would need to tank 99.75% for it to hit the projected low.
Dave Inc (DAVE) estimates and forecasts
Data shows that the Dave Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.90% over the past 6 months, a 164.62% in annual growth rate that is considerably higher than the industry average of 18.60%. Year-over-year growth is forecast to reach 24.10% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 80.7M. 5 analysts are of the opinion that Dave Inc’s revenue for the current quarter will be 86.6M. The estimates for the next quarter sales put growth at 18.30%.
The 2024 estimates are for Dave Inc earnings to increase by 183.75%.
DAVE Dividends
Dave Inc is expected to release its next quarterly earnings report in December.
Dave Inc (NASDAQ:DAVE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.83% of Dave Inc shares while 40.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.51%.
