Dave Inc (NASDAQ: DAVE) Is Likely To Shrink By -73.02% Or More

During the last session, Dave Inc (NASDAQ:DAVE)’s traded shares were 0.37 million, with the beta value of the company hitting 3.55. At the end of the trading day, the stock’s price was $91.70, reflecting an intraday gain of 6.64% or $5.71. The 52-week high for the DAVE share is $103.72, that puts it down -13.11 from that peak though still a striking 92.04% gain since the share price plummeted to a 52-week low of $7.30. The company’s market capitalization is $1.17B, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 452.91K 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 1.08.

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Dave Inc (NASDAQ:DAVE) trade information

Dave Inc (DAVE) registered a 6.64% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.64% in intraday trading to $91.70, hitting a weekly high. The stock’s 5-day price performance is -0.29%, and it has moved by 1.40% in 30 days. Based on these gigs, the overall price performance for the year is 1089.36%. The short interest in Dave Inc (NASDAQ:DAVE) is 0.9 million shares and it means that shorts have 1.38 day(s) to cover.

The consensus price target of analysts on Wall Street is $53, which implies a decrease of -73.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $53 and $58 respectively. As a result, DAVE is trading at a premium of 36.75% off the target high and 42.2% 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 146.31% during the last six months, with a year-to-date growth rate more than the industry average at 181.82% against 16.30.

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 95.23M as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 91.24M by the end of current fiscal year.

While earnings are projected to return 238.73% in 2024.

DAVE Dividends

Dave Inc is due to release its next quarterly earnings in January. 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 16.55% of total outstanding shares while institutional holders control 52.51%, with the float percentage being 62.92%.