Is Dave Inc (NASDAQ: DAVE) Worth It? How Should Investors Deal With It?

During the last session, Dave Inc (NASDAQ:DAVE)’s traded shares were 0.6 million, with the beta value of the company hitting 3.20. At the end of the trading day, the stock’s price was $86.26, reflecting an intraday gain of 4.66% or $3.84. The 52-week high for the DAVE share is $94.96, that puts it down -10.09 from that peak though still a striking 93.51% gain since the share price plummeted to a 52-week low of $5.60. The company’s market capitalization is $1.10B, and the average intraday trading volume over the past 10 days was 0.83 million shares, and the average trade volume was 378.54K shares over the past three months.

Dave Inc (DAVE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. DAVE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 1.09.

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Dave Inc (NASDAQ:DAVE) trade information

Dave Inc (DAVE) registered a 4.66% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.66% in intraday trading to $86.26, hitting a weekly high. The stock’s 5-day price performance is 7.74%, and it has moved by 116.30% in 30 days. Based on these gigs, the overall price performance for the year is 1440.36%. The short interest in Dave Inc (NASDAQ:DAVE) is 1.86 million shares and it means that shorts have 5.7 day(s) to cover.

The consensus price target of analysts on Wall Street is $53, which implies a decrease of -62.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.15625 and $58 respectively. As a result, DAVE is trading at a premium of 32.76% off the target high and 99.82% off the low.

Dave Inc (DAVE) estimates and forecasts

Statistics show that Dave Inc has outperformed its competitors in share price, compared to the industry in which it operates. Dave Inc (DAVE) shares have gone up 104.55% during the last six months, with a year-to-date growth rate more than the industry average at 181.82% against 18.60.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 95.36M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 90.58M by the end of current fiscal year.

While earnings are projected to return 246.40% in 2024.

DAVE Dividends

Dave Inc is due to release its next quarterly earnings in December. 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 16.69% of total outstanding shares while institutional holders control 52.17%, with the float percentage being 62.63%.

Also, the Mutual Funds coming in first place with the largest holdings of Dave Inc (DAVE) shares are Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Roxbury/Hood River Small Cap Growth Fund owns about 324.24 shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $27.97 million market value. The same data shows that the other fund manager holds slightly less at 214.33, or about 1.91% of the stock, which is worth about $18.49 million.