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Which Direction is Endava plc Headed? Update on the Shares

Shares of Endava plc (:DAVA) are on our watchlist today as the stock has moved -0.33% from the open, touching $36.80 on a recent trade. While the stock has a nice low price tag to it, does it have any value?

Investors are constantly hunting for bargains when picking stocks. There may be times when a particular stock might be flying under the radar, but is usually only a matter of time before someone catches on. Investors might be widening their stock focus to find these undervalued names. This may include small caps, foreign stocks, or stocks that just haven’t become household names. Expanding the scope of interest may help the investor discover areas of future opportunity. Although there are plenty of investors who will stick to the solid, historically steady stocks, there are plenty more that are searching for that next big winner that will give the portfolio a big bump.

Even extremely solid stocks can sometimes face setbacks. There is no shortage of news regarding publically traded companies, and investors often have the tricky job of deciding what information is worth taking a closer look at. Making trading decisions based on one piece of data may not be the optimal course of action. When there is negative information about a company, investors may be quick to sell without looking deeper into the numbers. On the flip side, investors may be super quick to buy on good news without fully researching the stock.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Endava plc (:DAVA) has performed 1.27%. For the past month, shares are -2.62%. Over the last quarter, shares have performed -2.36%. Looking back further, Endava plc stock has been 35.54% over the last six months, and 52.38% since the start of the calendar year. For the past full year, shares are 44.60%.

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Price Earnings Ratio

The price/earnings ratio (P/E) for Endava plc is 78.80 and the forward P/E ratio stands at 35.52. The price to sales growth is 6.02. The price/earnings ratio (P/E) is a market prospect ratio which calculates the value of a stock relative to its earnings. On other words, the P/E ratio is and indicator of what investors are will to pay for a stock relative to its earnings.  A firm with a high P/E ratio typically indicates that investors are willing to pay a premium for the stock and higher performance in future quarters would be anticipated. Going a step further we can also look at the PEG ratio of a company.  A stock’s price/earnings ratio divided by its year-over-year earnings growth rate. In general, the lower the PEG, the better the value, because the investor would be paying less for each unit of earnings growth.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Endava plc (:DAVA) have been seen trading 18.96% away from the 200-day moving average and -3.47% off the 50-day moving average. The stock is currently trading -16.23% away from the 52-week high and separated 74.16% from the 52-week low. Endava plc’s RSI is presently sitting at 45.34.

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