Last Updated: 19 Sep 2024
Executive Summary
Dave Inc. (DAVE) is a financial services company with a market capitalization of $485.61 million. The company has shown strong financial performance in recent quarters, with revenue growth of 0.308% year-over-year and diluted EPS of $2.04. Analysts are bullish on the stock, with a consensus target price of $61.86 and a majority rating of "Buy."
Company Overview
Dave Inc. is a fintech company that provides financial services to consumers. The company's products include a mobile banking app, a debit card, and a cash advance service. Dave Inc. has over 10 million users and is headquartered in Chicago, Illinois.
Fundamental Analysis
Dave Inc.'s financial performance has been strong in recent quarters. The company's revenue has grown by 0.308% year-over-year to $292.67 million. Diluted EPS has also increased to $2.04. The company's profit margin is 0.0981, and its return on equity is 0.254.
Dave Inc. is facing competition from other fintech companies, as well as from traditional banks. However, the company has a strong track record of innovation and has a loyal customer base.
Technical Analysis
Dave Inc.'s stock price has been volatile in recent months. The stock reached a 52-week high of $63.5 in November 2023, but has since fallen to $38.33. The stock is currently trading below its 50-day and 200-day moving averages.
The technical indicators are mixed for Dave Inc. The relative strength index (RSI) is below 50, which indicates that the stock is oversold. However, the moving average convergence divergence (MACD) is above zero, which indicates that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for Dave Inc. is mixed. The stock is currently trading below its moving averages, which indicates that it could continue to decline in the near term. However, the RSI is below 50, which indicates that the stock is oversold and could be due for a rebound.
Long Term Outlook
The long-term outlook for Dave Inc. is positive. The company has a strong track record of innovation and has a loyal customer base. The fintech industry is growing rapidly, and Dave Inc. is well-positioned to capitalize on this growth.
Analyst Recommendations
Analysts are bullish on Dave Inc. The consensus target price is $61.86, and a majority of analysts have a "Buy" rating on the stock.
