Dave Inc. [DAVE] fell -94.73% so far this year. What now?

Dave Inc. [NASDAQ: DAVE] surged by $0.02 during the normal trading session on Thursday and reaching a high of $0.55 during the day while it closed the day at $0.54. The company report on August 25, 2022 that Dave Appoints Brand Marketing and Digital Product Expert Tesa Aragones to Board of Directors.


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Board welcomes diversified leader and marketing expert to accelerate Dave’s growth in providing a superior nationwide banking solution.

Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced the appointment of Tesa Aragones to its Board of Directors, effective August 23, 2022. Aragones will also serve as a member of the company’s nominating and corporate governance committee.

Dave Inc. stock has also loss -9.87% of its value over the past 7 days. However, DAVE stock has declined by -75.79% in the 3 months of the year. Over the past six months meanwhile, it has lost -88.34% and lost -94.73% year-on date.

The market cap for DAVE stock reached $212.78 million, with 371.99 million shares outstanding and 194.79 million shares in the current float. Compared to the average trading volume of 6.42M shares, DAVE reached a trading volume of 2033384 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Dave Inc. [DAVE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DAVE shares is $0.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAVE stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Dave Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 25, 2022.

The Average True Range (ATR) for Dave Inc. is set at 0.10, with the Price to Sales ratio for DAVE stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 0.77.

DAVE stock trade performance evaluation

Dave Inc. [DAVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.87. With this latest performance, DAVE shares dropped by -26.05% in over the last four-week period, additionally sinking by -88.34% over the last 6 months – not to mention a drop of -94.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DAVE stock in for the last two-week period is set at 39.25, with the RSI for the last a single of trading hit 39.53, and the three-weeks RSI is set at 37.32 for Dave Inc. [DAVE]. The present Moving Average for the last 50 days of trading for this stock 0.7001, while it was recorded at 0.5263 for the last single week of trading, and 5.2410 for the last 200 days.

Dave Inc. [DAVE]: An insightful look at the core fundamentals

Dave Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.40 and a Current Ratio set at 6.40.

Dave Inc. [DAVE]: Insider Ownership positions

There are presently around $13 million, or 12.90% of DAVE stock, in the hands of institutional investors. The top three institutional holders of DAVE stocks are: TIGER GLOBAL MANAGEMENT LLC with ownership of 6,322,616, which is approximately -54.331% of the company’s market cap and around 1.40% of the total institutional ownership; CORBIN CAPITAL PARTNERS, L.P., holding 4,647,411 shares of the stock with an approximate value of $2.51 million in DAVE stocks shares; and BLACKROCK INC., currently with $1.26 million in DAVE stock with ownership of nearly 1.137% of the company’s market capitalization.

22 institutional holders increased their position in Dave Inc. [NASDAQ:DAVE] by around 3,441,261 shares. Additionally, 23 investors decreased positions by around 8,260,504 shares, while 7 investors held positions by with 11,454,278 shares. The mentioned changes placed institutional holdings at 23,156,043 shares, according to the latest SEC report filing. DAVE stock had 9 new institutional investments in for a total of 580,485 shares, while 10 institutional investors sold positions of 206,224 shares during the same period.

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