Endava stock: buy or sell?
February 21st, 2020
Should I buy Endava stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, 2 buy setups work for Endava stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Endava stock a buy?
Banks and financial institutions publish stock ratings everyday.Unfortunately, we couldn't detect any rating for DAVA stock for the last 30 days.
Endava stock analysis
After yesterday all time highs, Endava remained steady to $55.50.
After yesterday all time highs, Endava remained steady to $55.50. On November DAVA price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. Yesterday, DAVA hit a new all time high, pushing higher than on Feb/13 tops. Check different trading setups that use ATHs as triggers. Since last October when SMA50d and SMA100d crossed up, DAVA price gained $14.63 per share (35.80%).
Endava topped new all time highs again this week, setting highs to $55.75. Shares ended at $55.50 and jumped 4.09% during the week. Last week DAVA skyrocketed a dazzling 10.43% in just one week. This week was the third green week in a row.
DAVA shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom by mid January, DAVA climbed unceasignly breaking out to new all time highs. Late October 2019, SMA10w and SMA20w crossed up triggering a rise of 40.15%. By mid October 2019 DAVA price bounced up over the SMA of 20 weeks that acted as support stopping new slides.
Endava stock price history
Endava IPO was on July 27th, 2018 at $25.00 per share1. Since then, DAVA stock grew a 122.00%, with a yearly average of 122.00%. If you had invested right after DAVA's IPO a $1,000 in Endava stock in 2018, it would worth $1,220.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Endava stock historical price chart
DAVA stock reached all-time highs yesterday with a price of $55.75.
Endava stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' DAVA stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Endava stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Endava reported its latest financial data, posting an outstanding climb for the Earnings per Share (EPS) ratio. Experts were expecting $0.17 per share, but Endava posted $0.26.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Endava annual turnover skyrocketed a super good 36.55% to $217.61 M USD from $159.37 marked in 2017. On the other hand, its income margin (compared to sales) depreciated to 8.72%, that is $18.98 million. To have an updated view of the financial situation of Endava, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Endava TTM sales up to December 2018 were $258.32 and earnings were $18.58 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem Endava business evolution since June 2018: Annual turnover up to December, compared to lastest yearly report, boosted an astounding 18.71%. Regarding profit margin, Endava slightly fell -1.53% to 8.72%
|2016||$115 M||-||$17 M14.5%||-|
|2017||$159 M||38.06%||$17 M10.6%||0.75%|
|2018||$218 M||36.55%||$19 M8.7%||12.73%|
|TTM||$258 M||18.71%||$19 M7.2%||-2.07%|
Quarterly financial resultsEndava reported $71.83 million in sales for 2018-Q4, a 8.16% improvement compared to previous quarter. Reported quarter earnings marked $7.42 million with a profit margin of 10.33%. Profit margin jumped a 7.24% compared to previous quarter when profit margin was 3.08%. When comparing turnover to same quarter last year, Endava sales marked and a . Looking back to recent quarterly results, Endava posted 3 negative quarters in a row.
|2017-Q1||$146 M||-||$16 M10.8%||-|
|2017-Q2||$56 M||-61.59%||$6 M9.9%||-64.58%|
|2017-Q3||$64 M||13.54%||$7 M10.7%||22.11%|
|2018-Q1||$59 M||-7.97%||$4 M7.2%||-38.07%|
|2018-Q2||$61 M||4.91%||$5 M8.0%||16.09%|
|2018-Q3||$66 M||8.04%||$2 M3.1%||-58.19%|
|2018-Q4||$72 M||8.16%||$7 M10.3%||262.16%|
Endava ownershipWhen you are planning to buy shares of a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Endava, 2.65% of all outstanding shares are owned by its staff.
Bearish positions for DAVA stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Endava:
|Market cap||$3.1 B|
|Total shares||55.0 M|
|Float shares||15.2 M|
|- Institutional holdings (%)||88.7%|
|- Insider holdings (%)||2.6%|
|Shares in short selling||0.0%|
|Friday, February 21st, 2020|
|Day range||$54.49 - $55.71|
|Average true range||$2.18|
|50d mov avg||$47.80|
|100d mov avg||$44.79|
|200d mov avg||$41.19|
Endava performanceTo measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Endava performance to :