Dave Inc

DAVE NASDAQ
DAVE
Dave Inc NASDAQ
 
No trades
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

Important events

Jan 312022

Dave gets a second date

It looks like fintech app Dave is starting to grow on people after a not-so-successful first date with the SPAC market.

  • The Mark Cuban-backed banking app jumped 24% on Friday to hit new highs after being one of the few stocks to have flourished this January.
  • It was one of the first SPACs of 2022 to start trading, although things didn’t go quite to plan and it dropped over 30% in its first week. But everyone deserves a second chance…
  • Prices are up 95% since that first week, and its market cap has finally recovered to top its $4bn enterprise value from lows of $1.32bn. Without any specific news spurring on investors, perhaps it's just good old fashioned faith in the business?
Dave

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Jan 072022

Dave has his first date

The market has one of its first SPAC dates of 2022 with Dave the Mark Cuban-backed banking app – let’s see if this year brings more luck than last year's relationships.

  • Dave won’t be meeting the parents just yet. After opening at $8.27, prices popped and dropped before closing up slightly at $8.53 with a market cap of just under $3bn.
  • SPACs can look v different to their profile pic. Companies that hopped on the trend between 2019 and mid-2020 underperformed the Nasdaq by 64% on average in Q3.
  • Dave is a bit of a HODLer though, with plans to use some of the $465m it raised to explore crypto product offerings – could that help him stand out from the crowd?
Mark Cuban / Wikimedia Commons