Dave Inc (NASDAQ:DAVE) shares, rose in value on Friday, May 30, with the stock price down by -3.60% to the previous day’s close as strong demand from buyers drove the stock to $200.82.
Actively observing the price movement in the last trading, the stock closed the session at $208.32. The PE ratio was 55.25 over 12-month period. Referring to stock’s 52-week performance, its high was $220.34, and the low was $28.31. On the whole, DAVE has fluctuated by 111.79% over the past month.
With the market capitalization of Dave Inc currently standing at about $2.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DAVE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of DAVE currently trading nearly 16.29% and 66.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.41, while the 7-day volatility ratio is showing 5.09% which for the 30-day chart, stands at 8.19%. Furthermore, Dave Inc (DAVE)’s beta value is 3.99, and its average true range (ATR) is 10.47.
A comparison of Dave Inc (DAVE) with its peers suggests the former has fared considerably weaker in the market. DAVE showed an intraday change of -3.60% in last session, and over the past year, it grew by 365.83%%.
Data on historical trading for Dave Inc (NASDAQ:DAVE) indicates that the trading volumes over the past 3 months, they’ve averaged 501.48K. According to company’s latest data on outstanding shares, there are 11.78 million shares outstanding.
Nearly 29.03% of Dave Inc’s shares belong to company insiders and institutional investors own 62.31% of the company’s shares. The stock has risen by 131.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAVE stock heading into the next quarter.
