Stock To Watch: Famous Dave's of America, Inc. (NASDAQ:DAVE)

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The leading market experts have placed a mean price target of $6.50 on Famous Dave's of America, Inc. (NASDAQ:DAVE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.08 a share for the upcoming quarter and $0.13 for the current fiscal. Technical View The technical analysis of Famous Dave’s of America, Inc. plainly substantiates that the 50-day moving average of Famous Dave’s of America, Inc. is $5.34, and stock is hovering -0.12 or -2.19% distant from $5.34. It is noted that the 200-day MA is $5.79, and Famous Dave’s of America, Inc. stock is $-0.57 or -9.84% off from this point. Famous Dave's of America, Inc. (NASDAQ:DAVE) 52-week high is $20.17 and the 52-week low is $4.75. This explains if the stock moves $-14.95, it will post a 52-week high. In event of $+9.89% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Famous Dave’s of America, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Famous Dave's of America, Inc. (NASDAQ:DAVE) ratio came in at N/A. The stock last ended the trading session at $5.22 and registered a market cap of $36.32M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Famous Dave's of America, Inc. (NASDAQ:DAVE) PEG ratio is at 1.48.

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