Is There More Upside Ahead For Endava plc ADR (NYSE: DAVA)

Endava plc ADR (DAVA) concluded trading on Thursday at a closing price of $38.04, with 0.4 million shares of worth about $15.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.30% during that period and on March 28, 2024 the price saw a gain of about 0.56%. Currently the company’s common shares owned by public are about 41.81M shares, out of which, 41.77M shares are available for trading.

Stock saw a price change of 0.45% in past 5 days and over the past one month there was a price change of -40.39%. Year-to-date (YTD), DAVA shares are showing a performance of -51.14% which decreased to -40.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.25 but also hit the highest price of $81.06 during that period. The average intraday trading volume for Endava plc ADR shares is 534.26K. The stock is currently trading 1.25% above its 20-day simple moving average (SMA20), while that difference is down -33.84% for SMA50 and it goes to -33.95% lower than SMA200.

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Endava plc ADR (NYSE: DAVA) currently have 41.81M outstanding shares and institutions hold larger chunk of about 87.41% of that.

The stock has a current market capitalization of $1.59B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 26.24, while it has posted earnings per share of $1.45 in the same period. Its PEG reads 4.74 and has Quick Ratio of 3.33 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DAVA, volatility over the week remained 3.59% while standing at 5.22% over the month.

Analysts are in expectations that Endava plc ADR (DAVA) stock would likely to be making an EPS of $0.24 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $2.02 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.76 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.65% while it is estimated to increase by 36.77% in next year. EPS is likely to shrink at an annualized rate of 5.54% for next 5-years, compared to annual growth of 32.62% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on March 19, 2024 offering an Overweight rating for the stock and assigned a target price of $49 to it. Coverage by Guggenheim stated Endava plc ADR (DAVA) stock as a Buy in their note to investors on March 19, 2024, suggesting a price target of $60 for the stock. On March 01, 2024, Citigroup Downgrade their recommendations, while on January 24, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $80. Stock get a Hold rating from HSBC Securities on January 08, 2024.

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