What is the price prediction for dave in 3 months
8/29/2024 04:20am
**Dave's stock price is predicted to experience a decline in the next three months.** Here's the analysis to support this conclusion:
1. **Technical Indicators Suggest Bearishness**:
- The 20-Day Moving Average is $35.09, and the current price is $37.02, indicating a potential for price correction if the stock is trading above these averages.
- The Relative Strength Index (RSI) is at 45.3, which is close to the oversold threshold of 30, suggesting that the stock might be oversold and could experience a rebound.
- However, the Moving Average Convergence Divergence (MACD) is -1.87, which typically indicates a sell signal.
2. **Analyst Ratings and Price Targets**:
- Dave has received a Smart Score of 10, which is below its historic median score, indicating higher risk.
- The stock has a P/E ratio of 18.0, which is relatively high, suggesting that the stock may be overvalued based on current earnings.
- Analysts have set a 12-month forecast average price target of $61.17, which is a significant upside from the current price.
3. **Market Sentiment and Volatility**:
- The stock has experienced a significant increase of 452.44% over the last year, which could indicate a potential pullback or consolidation.
- The Bollinger Bands show a range of (36.75 - 46.83) for a 25-day period and (25.88 - 44.74) for a 100-day period, suggesting that the stock is trading in the lower range and could potentially move towards the higher range.
4. **Short-Term Trend and Volatility**:
- The stock has fallen by -1.55% compared to the previous week and has shown a 3.63% rise over the last month.
- The stock's volatility is 5.41%, which is relatively high, indicating that the stock could experience significant price swings in the short term.
In conclusion, while there is a strong buy consensus among analysts with a 12-month price target that suggests a significant upside, the technical indicators and recent market performance suggest a bearish outlook for Dave's stock price in the next three months.