Dave Inc Stock Today

DAVE Stock  USD 22.82  3.37  12.87%   

Performance

25 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 27

 
100  
 
Zero
Below Average
Dave is trading at 22.82 as of the 3rd of March 2024, a -12.87 percent decrease since the beginning of the trading day. The stock's lowest day price was 22.6. Dave has about a 27 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Dave Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of February 2024 and ending today, the 3rd of March 2024. Please note, there could be an existing legal relationship between Dave Inc (DAVE) and Dave Warrants (DAVEW). Click here to learn more.
Business Domain
Software & Services
IPO Date
26th of April 0030
Category
Technology
Classification
Information Technology
Dave Inc. provides a suite of financial products and services through its financial service online platform. The company was founded in 2015 and is based in West Hollywood, California. Dave is traded on NASDAQ Exchange in the United States. The company has 10.54 M outstanding shares of which 616.35 K shares are currently shorted by private and institutional investors with about 6.21 trading days to cover. More on Dave Inc

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Dave Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Dave's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dave or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityDAVEW (Dave Warrants)
CEO, COOMichael Lister
Thematic Ideas
(View all Themes)
SEC FilingsDave Security & Exchange Commission EDGAR Reports
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Data Storage, Software, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Dave report their recommendations after researching Dave's financial statements, talking to executives and customers, or listening in on Dave's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Dave Inc. The Dave consensus assessment is calculated by taking the average forecast from all of the analysts covering Dave.
Financial Strength
Based on the measurements of operating efficiency obtained from Dave's historical financial statements, Dave Inc is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of Dave Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted10.8 M13.3 M
Significantly Down
Slightly volatile
Weighted Shares14.4 M13.3 M
Significantly Up
Slightly volatile
Current Liabilities42.1 M41.9 M
Slightly Up
Slightly volatile
Total Liabilities266.7 M247.2 M
Significantly Up
Slightly volatile
Gross Margin0.490.47
Sufficiently Up
Pretty Stable
Total Debt221 M204.9 M
Significantly Up
Slightly volatile
Asset Turnover0.710.53
Significantly Up
Slightly volatile
Current Assets382.9 M354.9 M
Significantly Up
Slightly volatile
Total Assets398.9 M369.7 M
Significantly Up
Slightly volatile
Dave's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Dave's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Dave's financial leverage. It provides some insight into what part of Dave's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Dave's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Dave deploys its capital and how much of that capital is borrowed.
Liquidity
Dave cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 178.15 M in liabilities with Debt to Equity (D/E) ratio of 1.36, which is about average as compared to similar companies. Dave Inc has a current ratio of 5.0, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Dave until it has trouble settling it off, either with new capital or with free cash flow. So, Dave's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dave Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dave to invest in growth at high rates of return. When we think about Dave's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(41.46 Million)
Dave Inc (DAVE) is traded on NASDAQ Exchange in USA. It is located in 1265 South Cochran Ave, Los Angeles, CA, United States, 90019 and employs 320 people. Dave is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 275.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Dave's market, we take the total number of its shares issued and multiply it by Dave's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Dave Inc conducts business under Software sector and is part of Information Technology industry. The entity has 10.54 M outstanding shares of which 616.35 K shares are currently shorted by private and institutional investors with about 6.21 trading days to cover. Dave Inc currently holds about 223.88 M in cash with 14.18 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.59.
Check Dave Probability Of Bankruptcy
Ownership Allocation
Dave Inc retains a total of 10.54 Million outstanding shares. Dave Inc retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Dave Ownership Details

Dave Stock Price Odds Analysis

What are Dave's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Dave jumping above the current price in 90 days from now is about 9.55%. The Dave Inc probability density function shows the probability of Dave stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Dave has a beta of 0.677 suggesting as returns on the market go up, Dave average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dave Inc will be expected to be much smaller as well. In addition to that, the company has an alpha of 2.0952, implying that it can generate a 2.1 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 22.82HorizonTargetOdds Above 22.82
90.42%90 days
 22.82 
9.55%
Based on a normal probability distribution, the odds of Dave to move above the current price in 90 days from now is about 9.55 (This Dave Inc probability density function shows the probability of Dave Stock to fall within a particular range of prices over 90 days) .

Dave Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Dave that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dave's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dave's value.
InstituionRecorded OnShares
Rhumbline Advisers2023-09-30
254
Wells Fargo & Co2023-09-30
107
Goss Wealth Management Llc2023-09-30
93.0
Steward Partners Investment Advisory, Llc2023-09-30
31.0
Cutler Group Lp2023-09-30
18.0
Hightower Advisors, Llc2023-09-30
0.0
Nvp Associates Llc2023-12-31
582.7 K
Whetstone Capital Advisors, Llc2023-12-31
501.2 K
Vanguard Group Inc2023-09-30
292.9 K
Blackrock Inc2023-09-30
85.2 K
Geode Capital Management, Llc2023-09-30
53.9 K
View Dave Diagnostics

Dave Historical Income Statement

Dave Inc Income Statement is one of the three primary financial statements used for reporting Dave's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Dave Inc revenue and expense. Dave Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Dave's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Expenses is expected to grow to about 299.1 M, whereas Cost of Revenue is forecasted to decline to about 93.6 M. View More Fundamentals

Dave Stock Against Markets

Picking the right benchmark for Dave stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dave stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dave is critical whether you are bullish or bearish towards Dave Inc at a given time. Please also check how Dave's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dave without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Dave Corporate Directors

Dave corporate directors refer to members of a Dave board of directors. The board of directors generally takes responsibility for the Dave's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Dave's board members must vote for the resolution. The Dave board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Dave Stock?

Before investing in Dave, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Dave. To buy Dave stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dave. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Dave stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Dave Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Dave Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Dave Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Dave Stock please use our How to Invest in Dave guide.

Already Invested in Dave Inc?

The danger of trading Dave Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dave is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dave. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dave Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Dave Inc is a strong investment it is important to analyze Dave's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dave's future performance. For an informed investment choice regarding Dave Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dave Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
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Complementary Tools for Dave Stock analysis

When running Dave's price analysis, check to measure Dave's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dave is operating at the current time. Most of Dave's value examination focuses on studying past and present price action to predict the probability of Dave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dave's price. Additionally, you may evaluate how the addition of Dave to your portfolios can decrease your overall portfolio volatility.
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Is Dave's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dave. If investors know Dave will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.90)
Revenue Per Share
20.713
Quarterly Revenue Growth
0.159
Return On Assets
(0.13)
Return On Equity
(0.69)
The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dave's market value can be influenced by many factors that don't directly affect Dave's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.