Are Analysts Too Bullish On Dave Inc (DAVE)

Dave Inc (NASDAQ:DAVE) currently has a daily average trading volume of 464.09K but it saw 2615366 shares traded in last market. With a market cap of 2.04B USD, the company’s current market price of $152.73 came rising about 41.64 while comparing to the previous closing price of $107.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $125.00 and as low as $28.31.

Taking a look at 20-day trading activity of Dave Inc (DAVE) gives us an average price of $94.40, while its current price level is 22.18% below from 52-week high level whereas it is 439.49% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $89.62 while that of 200 days or SMA-200 reads an average of $70.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.41% during that period while stretching the period over a month that decreases to 6.98%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 87.51 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Canaccord Genuity which initiated the stock as “Buy” in its note to investors issued on January 31, 2025, recommending a price target of $120 for it. Lake Street also issued its recommendations for the stock as it initiated the price target for the stock is $53.

Over the week, DAVE’s stock price is moving 58.38% up while it is 105.89% when we observe its performance for the past one month. Year-to-date it is 75.71% up and over the past year, the stock is showing an upside performance of 228.17%.

Currently, Dave Inc’s total number of outstanding shares is 11.50M with 15.13% of that held by the insiders while 79.07% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 22.40% and return on equity (ROE) at 42.84%. It has a price to earnings ratio (P/E ratio) of 35.81 while having a 30.52 of forward P/E ratio. Stock’s beta reads 3.50. Stock has a price to book (P/B) ratio of 10.86 while price to sale or P/S ratio amounts to 5.87. Its return on asset (ROA) is 19.51% on average.