The stock of Endava plc (NYSE:DAVA) increased by $5.54 on Tuesday to finish at $56.54, up 10.86 percent. The last five days have seen an average of 578,500 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$19.96. The average number of shares traded over the last 20 days was 297,910, while the average volume over the last 50 days totaled 257,238.
DAVA stock appreciated 24.40% since last month. On 08/22/23, the company’s shares reached a one-month low of $45.60. The stock touched a high of $95.00 on 02/02/23, after rallying from a low of $44.62 in 52 weeks. The price of DAVA stock has declined by -26.09% or -$19.96 this year, reaching a new high 10 times. Still, the stock price is down -40.48% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Endava plc (DAVA) has a trailing price-to-earnings (P/E) ratio of 27.00. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 4.88, and the price-to-cash flow ratio of 20.83.
Financial Health
For the three months ended March 30, Endava plc’s quick ratio was 3.10, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.09, and the total debt to equity ratio is 0.12. As far as profitability goes, gross margin for the trailing twelve months is 33.40% percent. Endava plc’s EBITDA margin for the year ended March 30 was 19.32%, whereas its operating margin stood at 14.90% for the same period. Based on annual data, it had gross profit of $290.09 million and revenue of $871.55 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DAVA’s return on assets (ROA) during the last 12 months has been 14.30%. There was a 15.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.00%.
Earnings Surprise
According to Endava plc’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $654.76 million, while revenues rose by 31.84% to $0.0. It was predicted that Endava plc’s quarterly earnings would be $0.76, but it ended up being $0.68, beating the consensus by 11.80%. EBITDA was $32.47 million for the quarter. At the end of Endava plc’s most recent quarter ended March 30, its liabilities totaled 223.96 million, while its total debt was $64.05 million.
Technical Picture
Here’s a quick look at Endava plc’s (DAVA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 73.71%, suggesting the stock is Overbought, with a 57.56% historical volatility rate.
The stochastic %K and %D were 76.05% and 79.20% respectively, while the average true range (ATR) was 2.74. Based on the 14-day stochastic reading of 88.67%, the RSI (14) reading is 67.65%. On the 9-day MACD Oscillator, the stock is at 0.99, and the 14-day reading is at 1.84.
Analyst Ratings
In its analyst report released on July 17, 2023, HSBC Securities began covering Endava plc (NYSE: DAVA). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Endava plc (DAVA) an Buy rating. DAVA is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is DAVA’s price target for the next 12 months?
The current consensus forecast for the stock is between $42.74 and $57.98, with a median target price of $52.41. In analyzing these forecasts, the average price target given by analysts for Endava plc (DAVA) is $52.71.
