Why DAVE INC (NASDAQ:DAVE) qualifies as a high growth stock.

In this article we will dive into DAVE INC (NASDAQ:DAVE) as a possible candidate for growth investing. Investors should always do their own research, but we noticed DAVE INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Looking into the growth metrics of DAVE INC

• In terms of Return on Equity(ROE), DAVE INC is performing well, achieving a 26.47% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• With a track record of beating EPS estimates in the last 4 quarters, DAVE INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• The 1-year revenue growth of DAVE INC (30.0%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 40.56%, DAVE INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• With positive growth in its operating margin over the past year, DAVE INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• DAVE INC has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• In the most recent financial report, DAVE INC reported a 103.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• Analysts' average next Quarter EPS Estimate for DAVE INC has witnessed a 130.0% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• The recent financial report of DAVE INC demonstrates a 103.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of DAVE INC are accelerating: the current Q2Q growth of 103.0% is above the previous year Q2Q growth of 60.55%. Earnings momentum and acceleration are key for high growth systems.

What is the full fundamental picture of NASDAQ:DAVE telling us.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Overall DAVE gets a fundamental rating of 5 out of 10. We evaluated DAVE against 53 industry peers in the Consumer Finance industry. While DAVE has a great health rating, there are worries on its profitability. DAVE is valued quite expensive, but it does show an excellent growth.

For an up to date full fundamental analysis you can check the fundamental report of DAVE

More ideas for growth investing can be found on ChartMill in our Lois Navellier screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.