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DAVE stock surges 91.9% since a new Barchart buy signal
The stock was trading at $5.6 billion market value and carried 19.4% short interest, alongside 11 analysts rating it a Strong Buy.
Dave (DAVE) has nearly doubled over the past year, with the stock gaining 91.9% since a new Barchart technical “Buy” signal was issued on April 15, according to Yahoo Finance’s write-up.
The article says the company is valued at $5.6 billion and is backed by Wall Street consensus, with 11 analysts rating DAVE a “Strong Buy,” 1 a “Moderate Buy,” and 1 a “Hold,” while price targets range from $260 to $485.
Yahoo Finance also highlights that DAVE has seen increases in revenue, earnings, and cash flow from operations for the last three years, and that earnings are estimated to rise 25.9% this year and an additional 26.9% next year.
The piece notes investors remain divided, pointing to high short interest of 19.4% and Morningstar’s view that the stock is overvalued by 35%.