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DAVA
Stock ticker: NYSE
AS OF
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Price
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Capitalization
3.16B

DAVA Endava plc Forecast, Technical & Fundamental Analysis

a provider of information technology services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for DAVA with price predictions
08:00 PM EDT Sep 20, 2023

DAVA's Stochastic Oscillator is sitting in overbought zone for 5 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for DAVA moved out of overbought territory on September 20, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DAVA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DAVA broke above its upper Bollinger Band on September 19, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on August 29, 2023. You may want to consider a long position or call options on DAVA as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DAVA just turned positive on August 23, 2023. Looking at past instances where DAVA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

DAVA moved above its 50-day moving average on September 19, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DAVA crossed bullishly above the 50-day moving average on September 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAVA advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 294 cases where DAVA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DAVA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DAVA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.472) is normal, around the industry mean (21.144). P/E Ratio (27.322) is within average values for comparable stocks, (153.099). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.665). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (3.233) is also within normal values, averaging (74.068).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Activision Blizzard (NASDAQ:ATVI), Palo Alto Networks (NASDAQ:PANW).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 8.23B. The market cap for tickers in the group ranges from 291 to 2.38T. MSFT holds the highest valuation in this group at 2.38T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 4%. NAHD experienced the highest price growth at 721%, while SPLTF experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 86%. For the same stocks of the Industry, the average monthly volume growth was 82% and the average quarterly volume growth was 105%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 73
Price Growth Rating: 62
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: -18 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

DAVA is expected to report earnings to fall 12.44% to 49 cents per share on November 14

Endava plc DAVA Stock Earnings Reports
Q3'23
Est.
$0.50
Q2'23
Beat
by $0.12
Q1'23
Beat
by $0.06
Q4'22
Est.
$0.57
Q3'22
Beat
by $0.03
The last earnings report on September 19 showed earnings per share of 56 cents, beating the estimate of 44 cents. With 100.71K shares outstanding, the current market capitalization sits at 3.16B.
A.I. Advisor
published General Information

General Information

a provider of information technology services

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
125 Old Broad Street
Phone
+44 2073671000
Employees
11853
Web
http://www.endava.com
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DAVA and

Correlation & Price change

A.I.dvisor indicates that over the last year, DAVA has been loosely correlated with SSNC. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if DAVA jumps, then SSNC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DAVA
1D Price
Change %
DAVA100%
-0.49%
SSNC - DAVA
52%
Loosely correlated
-2.32%
PCTY - DAVA
51%
Loosely correlated
-3.51%
COIN - DAVA
51%
Loosely correlated
-2.93%
TYL - DAVA
51%
Loosely correlated
-2.10%
CLSK - DAVA
50%
Loosely correlated
-3.56%
More

Groups containing DAVA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DAVA
1D Price
Change %
DAVA100%
-0.49%
servers
(undefined stocks)
64%
Loosely correlated
+0.05%
it software
(undefined stocks)
64%
Loosely correlated
+0.08%
information technology
(undefined stocks)
64%
Loosely correlated
+0.11%
networking
(undefined stocks)
62%
Loosely correlated
+0.10%
cloud
(undefined stocks)
61%
Loosely correlated
+0.03%
More