With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. The 52-week range on DAVA shows that it touched its highest point at $34.94 and its lowest point at $14.00 during that stretch. It currently has a 1-year price target of $23.16. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAVA was down-trending over the past week, with a drop of -5.73%, but this was up by 5.75% over a month. Three-month performance dropped to -29.56% while six-month performance fell -48.85%. The stock lost -39.18% in the past year, while it has lost -49.42% so far this year. A look at the trailing 12-month EPS for DAVA yields 0.39 with Next year EPS estimates of 1.56. For the next quarter, that number is 0.31. This implies an EPS growth rate of -0.37% for this year and 3.17% for next year. EPS is expected to grow by 6.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.83%.
Float and Shares Shorts:
At present, 44.50 million DAVA shares are outstanding with a float of 44.49 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAVA since 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.15997 being high and $1.11294 being low. For DAVA, this leads to a yearly average estimate of $1.13645.
