On Friday, Dave stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The fintech stock also sports a Relative Strength Rating of 98. The Los-Angeles, Calif.-based company recently announced a full implementation of CASHAI v5.5, the latest update in the company's AI-driven, cash flow underwriting engine.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Is Dave Stock A Buy?
Dave stock recently reclaimed its 50-day moving average and is not in a proper range. Look for the stock to pull back to a three-weeks tight pattern or even another cup-shape base.
The stock has an 82 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 82% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
Dave Earnings
The digital banking platform reported a 211% earnings gain for Q2. Top line growth increased 64%, up from 47% in the prior quarter. The company has now posted increasing growth in each of the last two reports.
Dave stock holds the No. 2 rank among its peers in the Computer-Technical Services industry group. Innodata is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
