An Analysis Of Dave Inc. (DAVE)’s Weekly Performance

At the last check on Thursday, Dave Inc.’s (NASDAQ:DAVE) stock was down -$0.01, moving down -1.31 percent to $0.90. The average number of shares traded per day over the past five days has been 1,485,767 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0797 fall in that time frame. In the last twenty days, the average volume was 2,293,877, while in the previous 50 days, it was 1,459,703.

Since last month, DAVE stock retreated -60.36%. Shares of the company fell to $0.8519 on 06/23/22, the lowest level in the past month. A 52-week high of $15.35 was reached on 02/02/22 after having rallying from a 52-week low of $0.87. Since the beginning of this year, DAVE’s stock price has dropped by -91.14% or -$9.3450, and marked a new high 5 times. However, the stock has declined by -94.16% since its 52-week high.


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Financial Health

In the recent quarter, Dave Inc.’s quick ratio stood at 6.40, while its current ratio was 6.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.77, and the total debt-to-equity ratio was 0.89.

During the quarter, the company generated -$21.52 million in EBITDA. The liabilities of Dave Inc. were 213.33 million at the end of its most recent quarter, and its total debt was $73.64 million. The value of shareholders’ equity is $371.99 million.

Technical Picture

This quick technical analysis looks at Dave Inc.’s (DAVE) price momentum. With a historical volatility rate of 128.46%, the RSI 9-day stood at 18.76% on 22 June.

With respect to its five-day moving average, the current Dave Inc. price is down by -8.09% percent or -$0.0797. At present, DAVE shares trade -57.91% below its 20-day simple moving average and -92.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -83.75% below its SMA50 and -90.88% below its SMA200.

Stochastic coefficient K was 4.79% and Stochastic coefficient D was 6.34%, while ATR was 0.1862. Given the Stochastic reading of 3.62% for the 14-day period, the RSI (14) reading has been calculated as 21.97%. As of today, the MACD Oscillator reading stands at -0.0184, while the 14-day reading stands at -0.2121.

Analyst Ratings

Jefferies launched its rating on Dave Inc. (NASDAQ: DAVE) to a Hold in a note to investors on April 25, 2022. Dave Inc. (DAVE) has been rated Hold by analysts. According to 0 brokerage firms, DAVE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dave Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict Dave Inc. (DAVE) will achieve an average price target of $2.00.

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