Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Dave Inc (NASDAQ: DAVE) was $85.26 for the day, down -0.59% from the previous closing price of $85.77. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 0.26 million shares were traded. DAVE stock price reached its highest trading level at $85.66 during the session, while it also had its lowest trading level at $82.5.
Ratios:
Our analysis of DAVE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.01. For the most recent quarter (mrq), Quick Ratio is recorded 6.81 and its Current Ratio is at 6.81. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on August 12, 2024, initiated with a Buy rating and assigned the stock a target price of $53.
On July 26, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $53.
On June 10, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $54.Seaport Research Partners initiated its Buy rating on June 10, 2024, with a $54 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 29 ’24 when Preston Dan sold 12,400 shares for $96.00 per share. The transaction valued at 1,190,400 led to the insider holds 6,360 shares of the business.
Preston Dan sold 4,235 shares of DAVE for $406,560 on Nov 27 ’24. The Director now owns 18,760 shares after completing the transaction at $96.00 per share. On Nov 13 ’24, another insider, Preston Dan, who serves as the Director of the company, sold 9,765 shares for $79.09 each. As a result, the insider received 772,314 and left with 22,995 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAVE now has a Market Capitalization of 1083432960 and an Enterprise Value of 1088140288. As of this moment, Dave’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.35, and their Forward P/E ratio for the next fiscal year is 28.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.40 while its Price-to-Book (P/B) ratio in mrq is 6.95. Its current Enterprise Value per Revenue stands at 3.407 whereas that against EBITDA is 61.094.
Stock Price History:
Over the past 52 weeks, DAVE has reached a high of $108.50, while it has fallen to a 52-week low of $8.26. The 50-Day Moving Average of the stock is 8.81%, while the 200-Day Moving Average is calculated to be 74.76%.
Shares Statistics:
DAVE traded an average of 524.79K shares per day over the past three months and 442470 shares per day over the past ten days. A total of 11.19M shares are outstanding, with a floating share count of 8.90M. Insiders hold about 30.23% of the company’s shares, while institutions hold 43.33% stake in the company. Shares short for DAVE as of 1734048000 were 1065673 with a Short Ratio of 2.03, compared to 1731628800 on 908019. Therefore, it implies a Short% of Shares Outstanding of 1065673 and a Short% of Float of 13.209999999999999.
