Dave, Inc (NASDAQ: DAVE) stock lost 12.36% on July 14 trading session; it opened trading at $6.20, lowering to $5.40; it hit a high of $6.20 and closed trading at $5.46 with an intraday trading volume of 39.356k.
In the quarterly time frame, DAVE stock slipped over 10.49% and half yearly time frame, 32.84%. The annual price target of Dave, Inc is $5.50, which is around 0.73% greater than the current trading price.
In the 52-week time frame, DAVE stock lowest traded at $4.47, and its highest trading price was $31.04. Dave Inc’s market capitalization is $65.065 Million, and its average trading volume is 13.479k.
According to TradingView, around 7.114 Million Dave Inc shares are closely held by the company’s financial backers, or the board of directors, and 4.803 Million shares are free floating.
Dave, Inc (NASDAQ: DAVE) Earnings & Revenue
In Q1 2023, Dave, Inc reported 3.25% extra revenue than the estimated figure. The company’s estimated revenue was $58.69 Million, although the reported revenue of the company was $60.60 Million.
As per estimation, the company might report $61.15 Million in Q2 and $63.61 Million in Q3 quarter in revenue. From the generated revenue, the net income was -$14.03 Million, and the profit margin was -23.80%.
Dave, Inc.’s revenue-to-profit conversion includes 34% of gross profit, 62% of earnings before interest, taxes, depreciation, and amortization (EBITDA), -66% of earnings before interest and taxes (EBIT), and -62% net income.
Most of Dave, Inc’s revenue is generated from processing fees, tips, subscription models, transactions, etc. The company solely serves customers in the United States.
In the short term, total liabilities of the company are $36.42 million, and assets are $308.56 million. However, in the long term, the company’s liabilities are $178.51 million, and the assets of the company are $12.92 million.
Dave Inc. has announced the nomination of Yadin Rozov to its Board of Directors, beginning July 6, 2023. Rozov is a financial specialist with extensive experience managing financial services organizations and operating public corporations.
Mr. Rozov has previously served on the boards of banks, insurance firms, chemical businesses, and pharmaceutical companies.
Mr. Rozov was selected for the Company’s Board of Directors following a thorough search performed by Dave to add capital markets skills and investor relations experience. Tesa Aragones will leave Dave’s Board of Directors on August 1, 2023.
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Source: https://www.thecoinrepublic.com/2023/07/16/dave-inc-lost-12-36-intraday-following-fresh-bod-nomination/