Analysts Issue Research Notes On Dave Inc. (DAVE)

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MDVL Stock
MDVL Stock

Dave Inc. (NASDAQ:DAVE) traded with a subtraction of -$0.03 to $0.42 on Thursday, a downside of -7.78 percent. An average of 1,982,791 shares of common stock have been traded in the last five days. There was a fall of -$0.0789 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,850,773 shares traded, while the 50-day average volume stands at 7,386,757.

DAVE stock has decreased by -10.84% in the last month. The company shares reached their 1-month lowest point of $0.4122 on 09/22/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $0.44 and a high of $15.35 in 52 weeks. It has reached a new high 5 times so far this year and lost -95.57% or -$9.8313 in price. In spite of this, the price is down -97.27% from the 52-week high.


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Insider Transactions

7 days have passed since Dave Inc. (DAVE) last reported insider trading activity. Section 32 Fund 1, LP, who is 10% Owner, most recently acquired $24,181 shares at $0.50 per share on Sep 15. In this transaction, the insider spent $12,095. 10% Owner, Section 32 Fund 1, LP, disposed of 18,181 shares at a price of $0.51 on Sep 13. The insider now owns more than $9,200 worth of shares. Prior to that, 10% Owner Section 32 Fund 1, LP went on to Sale 65,133 shares at $0.53 each on Sep 12. An amount of $34,651 was transacted.

Valuation Metrics

Dave Inc. (DAVE) has a trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 1.03.

Financial Health

The quick ratio of Dave Inc. for the three months ended June 29 was 6.00, and the current ratio was 6.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.95 for the quarter ending June 29.

Earnings Surprise

The analyst consensus anticipated Dave Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.09, a -28.60% surprise. For the quarter, EBITDA amounted to -$51.15 million. Shareholders own equity worth $374.5 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Dave Inc. (DAVE) price momentum. RSI 9-day as of the close on 21 September was 28.93%, suggesting the stock is oversold, with historical volatility in this time frame at 88.12%.

As of today, DAVE’s price is $0.4614 -15.86% or -$0.0789 from its 5-day moving average. DAVE is currently trading -19.82% lower than its 20-day SMA and -89.66% lower than its 100-day SMA. However, the stock’s current price level is -25.29% below the SMA50 and -95.79% below the SMA200.

The stochastic %K and %D were 14.75% and 22.67%, respectively, and the average true range (ATR) was 0.0434. With the 14-day stochastic at 5.09% and the average true range at 0.0536, the RSI (14) stands at 33.56%. The stock has reached -0.0304 on the 9-day MACD Oscillator while the 14-day reading was at -0.0322.

Analyst Ratings

Jefferies launched coverage on Dave Inc. (NASDAQ: DAVE) in its analyst report released on April 25, 2022. The firm assigned the stock a Hold rating. The consensus rating for Dave Inc. (DAVE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DAVE, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is DAVE’s price target for the next 12 months?

Analysts predict a range of price targets between $0.55 and $0.55, with a median target of $0.55. Taking a look at these predictions, the average price target given by analysts for Dave Inc. (DAVE) stock is $0.55.

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