Last Updated: 08 Nov 2024
Executive Summary
Dave Inc. (DAVE), a financial services company, has a market capitalization of $581.64 million. The company has a strong financial performance with an EBITDA of $4.29 million, EPS of $2.04, and a profit margin of 9.81%. Dave Inc. has a trailing PE ratio of 22.5, a forward PE ratio of 17.21, and a price-to-sales ratio of 1.986. The company's technical analysis indicates a bullish trend with a 50-day moving average of $39.85 and a 200-day moving average of $36.24. The analyst consensus is a strong buy with a target price of $61.86.
Company Overview
Dave Inc. is a financial services company that provides banking, lending, and investing services to consumers. The company was founded in 2017 and is headquartered in Chicago, Illinois. Dave Inc. has over 10 million customers and has originated over $1 billion in loans. The company's mission is to make financial services more accessible and affordable for everyone.
Fundamental Analysis
Dave Inc. has a strong financial performance. The company's revenue grew by 30.8% year-over-year to $292.67 million in the latest quarter. The company's net income was $4.29 million, up from a loss of $1.2 million in the same quarter last year. Dave Inc.'s EPS was $2.04, up from a loss of $0.59 in the same quarter last year.
The company's balance sheet is also strong. Dave Inc. has $110.09 million in cash and equivalents and $24.05 million in revenue per share TTM. The company's debt-to-equity ratio is 0.54, which is below the industry average.
Technical Analysis
Dave Inc.'s technical analysis indicates a bullish trend. The company's stock price has been trading above its 50-day and 200-day moving averages for the past several months. The stock price is also forming a bullish pennant pattern, which is a technical indicator that suggests that the stock price is likely to continue to rise.
Short Term Outlook
Dave Inc.'s short-term outlook is positive. The company's financial performance is strong, and the technical analysis indicates a bullish trend. The company's stock price is likely to continue to rise in the short term.
Long Term Outlook
Dave Inc.'s long-term outlook is also positive. The company is a leader in the financial services industry, and it has a strong track record of growth. The company's mission is to make financial services more accessible and affordable for everyone, and this is a long-term trend that is likely to continue.
Analyst Recommendations
The analyst consensus on Dave Inc. is a strong buy. The average analyst target price is $61.86, which represents a potential upside of 34.8% from the current stock price. Six analysts have a buy rating on the stock, and one analyst has a strong buy rating.
Conclusion
Dave Inc. is a strong company with a bright future. The company's financial performance is strong, the technical analysis indicates a bullish trend, and the analyst consensus is a strong buy. Investors should consider adding Dave Inc. to their portfolios.
