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The closing price of Dave Inc (NASDAQ: DAVE) was $85.22 for the day, down -1.21% from the previous closing price of $86.26. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 0.5 million shares were traded. DAVE stock price reached its highest trading level at $91.437 during the session, while it also had its lowest trading level at $83.35.
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 15.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.52. 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 13 ’24 when Preston Dan sold 9,765 shares for $79.09 per share. The transaction valued at 772,314 led to the insider holds 22,995 shares of the business.
Preston Dan sold 2,360 shares of DAVE for $151,040 on Nov 12 ’24. The Director now owns 22,995 shares after completing the transaction at $64.00 per share. On Oct 09 ’24, another insider, Section 32 Fund 1, LP, who serves as the 10% Owner of the company, sold 1,000,000 shares for $40.60 each. As a result, the insider received 40,600,000 and left with 1,028,232 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 1096142208 and an Enterprise Value of 1087629952. As of this moment, Dave’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.34, and their Forward P/E ratio for the next fiscal year is 16.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56 while its Price-to-Book (P/B) ratio in mrq is 6.95. Its current Enterprise Value per Revenue stands at 3.406 whereas that against EBITDA is 61.065.
Stock Price History:
Over the past 52 weeks, DAVE has reached a high of $94.96, while it has fallen to a 52-week low of $5.69. The 50-Day Moving Average of the stock is 70.99%, while the 200-Day Moving Average is calculated to be 114.04%.
Shares Statistics:
DAVE traded an average of 385.27K shares per day over the past three months and 830730 shares per day over the past ten days. A total of 10.63M shares are outstanding, with a floating share count of 8.87M. Insiders hold about 30.50% of the company’s shares, while institutions hold 43.56% stake in the company. Shares short for DAVE as of 1730332800 were 1864336 with a Short Ratio of 4.84, compared to 1727654400 on 2136268. Therefore, it implies a Short% of Shares Outstanding of 1864336 and a Short% of Float of 23.22.
