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


The leading market experts have placed a mean price target of $6.5000 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 $-0.0300 a share for the upcoming quarter and $0.1600 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 $5.6944, and stock is trading $0.3857 points away or +6.7726% from its 50-day moving average of $5.6944. Further it is trading $0.3950 or +6.9472% away its 200-day moving average of $5.6851. Famous Dave's of America, Inc. (NASDAQ:DAVE) 52-week high is $15.4500 and the 52-week low is $4.7500.

This explains if the stock moves $-9.3699, it will post a 52-week high. In event of +28.0021% 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 $6.0801 and registered a market cap of $42.30M. 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 2.1500.

1 Chart Pattern Every Investor Should Know

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