The Endava plc ADR (NYSE: DAVA) Stock Price: Is It Overvalued?

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Endava plc ADR (NYSE:DAVA) shares, rose in value, with the stock price down by -1.72% to the previous day’s close as strong demand from buyers drove the stock to $17.10.

Actively observing the price movement in the last trading, the stock closed the session at $17.40, falling within a range of $16.98 and $17.51. The value of beta (5-year monthly) was 1.329 whereas the PE ratio was 143.94 over 12-month period. Referring to stock’s 52-week performance, its high was $34.94, and the low was $16.70. On the whole, DAVA has fluctuated by -22.34% over the past month.

With the market capitalization of Endava plc ADR currently standing at about $760.95 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DAVA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 8.57, with the price of DAVA currently trading nearly -9.66% and -26.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.00, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 6.37%. Furthermore, Endava plc ADR (DAVA)’s beta value is 1.25, and its average true range (ATR) is 1.23.

A comparison of Endava plc ADR (DAVA) with its peers suggests the former has fared considerably weaker in the market. DAVA showed an intraday change of -1.72% in last session, and over the past year, it shrunk by -44.43%%.

Data on historical trading for Endava plc ADR (NYSE:DAVA) indicates that the trading volumes over the past 10 days have averaged 0.48 and over the past 3 months, they’ve averaged 472.79K. According to company’s latest data on outstanding shares, there are 44.50 million shares outstanding.

Nearly 0.00% of Endava plc ADR’s shares belong to company insiders and institutional investors own 79.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.21 million shares as on 2025-03-31, resulting in a short ratio of 2.36. According to the data, the short interest in Endava plc ADR (DAVA) stood at 267.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.19 million. The stock has fallen by -44.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAVA stock heading into the next quarter.

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