Dave Inc (NASDAQ: DAVE) Shares Rose By 97.14 Percent In The Past Week, But How Long Will It Last?

Dave Inc (NASDAQ:DAVE)’s traded shares stood at 3.09 million during the last session, with the company’s beta value hitting 3.05. At the close of trading, the stock’s price was $90.43, to imply an increase of 44.00% or $27.63 in intraday trading. The DAVE share’s 52-week high remains $64.50, putting it 28.67% up since that peak but still an impressive 94.25% since price per share fell to its 52-week low of $5.20. The company has a valuation of $1.15B, with an average of 0.61 million shares in intraday trading volume over the past 10 days and average of 312.95K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Dave Inc (DAVE), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give DAVE a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.

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Dave Inc (NASDAQ:DAVE) trade information

After registering a 44.00% upside in the last session, Dave Inc (DAVE) has traded red over the past five days. The 5-day price performance for the stock is 97.14%, and 97.32% over 30 days. With these gigs, the year-to-date price performance is 978.47%. Short interest in Dave Inc (NASDAQ:DAVE) saw shorts transact 1.86 million shares and set a 5.7 days time to cover.

The extremes give us $0.15625 and $58 for target low and target high price respectively. As such, DAVE has been trading 35.86% off suggested target high and 99.83% from its likely low.

Dave Inc (DAVE) estimates and forecasts

Looking at statistics comparing Dave Inc share performance against respective industry, we note that the company has outperformed competitors. Dave Inc (DAVE) shares are 81.95% up over the last 6 months, with its year-to-date growth rate higher than industry average at 164.62% against 19.80%. Revenue is forecast to grow 90.80% this quarter before jumping 96.20% for the next one. The rating firms project that company’s revenue will grow 24.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 80.7M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 86.6M.

DAVE Dividends

Dave Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Dave Inc (NASDAQ:DAVE)’s Major holders

Dave Inc insiders hold 16.83% of total outstanding shares, with institutional holders owning 42.47% of the shares at 51.06% float percentage. In total, 42.47% institutions holds shares in the company.