Endava Stock (DAVA) Edges Higher Late in the Session but Stays Near Its Lows
Endava stock recovered from an early dip on Thursday 8 October 2026 and traded at the top of its daily range late in the session. The American Depositary Shares (ADS) of Endava plc changed hands at about $1.93, up roughly 1% from Wednesday's close of $1.91. The bounce is small. The price still sits about 13% below its 20-day moving average and close to the bottom of its one-month range.
The reason is well known. On 21 September Endava placed its Chief Financial Officer on administrative leave while an independent investigation reviews the accounting treatment of certain agreements. Full-year results and the annual Form 20-F are now due by 2 November 2026. Until then, the stock may trade on headlines more than on earnings.
The information in this article is provided for educational purposes only and does not constitute financial advice. Consult a financial advisor before making investment decisions.
Table of Contents
- Endava stock today: the key answers
- DAVA stock price: the last ten sessions
- What happened to Endava stock in September 2026
- Endava stock 5 year performance
- Endava fundamentals before the probe
- Endava class action lawsuit
- Endava stock technical analysis
- Endava stock forecast and analyst views
- Endava stock catalysts and key dates
- Illustrative scenarios
- Endava stock risks
- The sector backdrop
- How traders often approach a stock like DAVA
- Frequently Asked Questions
- What is the Endava stock price today?
- Why did Endava stock crash in September 2026?
- Is Endava being investigated?
- When is the next Endava earnings date?
- What is the Endava lead plaintiff deadline?
- What is the Endava stock all time low?
- What do analysts say about Endava stock?
- Where is Endava stock support and resistance?
Endava stock today: the key answers
The table below gives the main figures for the 8 October session. Prices were taken at about 15:30 ET (20:30 UK time). The official closing print and the final volume may differ slightly.
Source: Bullstory, 8 October 2026 and MarketBeat. Intraday data, 8 October 2026, about 15:30 ET. Past performance is not a reliable indicator of future results.
Why is Endava stock up today?
The move looks technical. The shares dipped to $1.88 early in the session and then recovered steadily. They reached the day's high of $1.94 late in the afternoon, according to Bullstory's daily record. Endava did not appear to publish any company news on the day. The $1.82 to $1.88 area has held as a floor for six sessions, which may reflect short-term buying interest.
Why is Endava stock so low?
Two problems have stacked up. The first is a shrinking business. Endava cut its revenue outlook for the 2026 fiscal year more than once and booked a £364.6m goodwill impairment in May, as its Q3 FY2026 results release shows.
The second is the accounting probe. The CFO's leave on 21 September triggered a 24.4% fall the next day. Several US law firms have since filed securities class actions, as a Kirby McInerney notice sets out.
DAVA stock price: the last ten sessions
The daily record shows a sharp fall followed by a narrow base. Volume peaked at 4.6m shares on 22 September, the first session after the probe news. It has since shrunk to a few hundred thousand shares a day.
Source: FinancialContent historical prices (to 5 October), StockAnalysis (6 October), StockInvest.us (7 October, opening price not published) and Bullstory (8 October). Prices in USD per ADS. Past performance is not a reliable indicator of future results.
How the 8 October session unfolded
The ADS opened at $1.91, level with Wednesday's close. It slipped to a low of $1.88 and then climbed back. By the late afternoon it traded at $1.93 to $1.94, the top of the day's range.
The gain since Wednesday's close is about 1%. That is modest for a stock whose average daily trading range is close to 9%, based on the 14-day average true range quoted by StockInvest.us. In other words, the day was calm by DAVA's recent standards.
What happened to Endava stock in September 2026
The current slump started with one press release. It was published at 17:04 ET on Monday 21 September, after the US market had closed.
The CFO leave and the accounting probe
The Board placed CFO Mark Thurston on administrative leave on the Audit Committee's recommendation. Independent outside counsel is investigating the "accounting treatment of certain customer and supplier agreements and related matters", according to the company's announcement.
The same release said Endava intends to publish its Q4 and full-year 2026 results and file its Form 20-F by 2 November 2026. A class action notice from Hagens Berman quotes company wording that the review began after the outside auditors raised concerns.
Endava interim CFO Conor McShane
Conor McShane of AlixPartners, a global business advisory firm, became interim CFO with immediate effect. This detail is also in the 21 September release. The release does not say how long the investigation may take.
The 22 September gap down
The market reaction was fast. The ADS fell from $2.79 to $2.11 on 22 September, a drop of 24.4%. It kept falling for several sessions and set an all-time low of $1.60 on 29 September.
Source: FinancialContent historical prices and Endava release via Finviz. Past performance is not a reliable indicator of future results.
Endava stock 5 year performance
Short-term moves need a longer view. The shares peaked in 2021, as the table below shows. The stock fell in three of the last five full calendar years, including the last two.
Source: Digrin monthly price history (December prices), changes calculated by Admirals. The 2026 figure is a partial year. Past performance is not a reliable indicator of future results.
The 2021 figure is the high point of the series. The losses since then came as the company cut its outlook several times. The 2026 accounting probe added to the pressure.
Endava fundamentals before the probe
The probe hit a business that was already shrinking. Endava reports in pounds sterling, and its fiscal year ends on 30 June.
Endava revenue decline and guidance cuts
The company lowered its fiscal 2026 outlook several times. The table shows the three published ranges cited in this article.
Forecasts are not a reliable indicator of future performance. Company outlook, not updated since the 21 September announcement.
For context, Endava reported adjusted diluted EPS of £1.13 for fiscal 2025, according to Tiger Brokers. The midpoint of the latest outlook, £0.47, would be about 58% lower. The September 2025 outlook alone sent the shares down about 29% before the open.
Endava Q3 FY2026 results in numbers
The third quarter, to 31 March 2026, brought a sharp fall in profitability. Chief executive John Cotterell said in the Q3 FY2026 results release that it had been "one of the more challenging periods Endava has faced in recent years".
Source: Endava Q3 FY2026 results, SEC filing. Past performance is not a reliable indicator of future results.
The Endava goodwill impairment reflects lower forecasts for future performance. The company also wrote off its entire UK deferred tax asset, a charge of £23.2m. Both items are non-cash. Still, they suggest that management expects a slower path.
Endava AI pivot and client mix
In its Q3 FY2026 results release, Endava says its AI-driven business grew from 5% of total revenue in Q3 FY2025 to 15% in Q3 FY2026. Payments has become the largest vertical. The plaintiffs now question how that momentum was described.
Source: Endava Q3 FY2026 results, SEC filing. Insurance and Mobility shares were unchanged year on year. Past performance is not a reliable indicator of future results.
Client concentration is notable. The top 10 clients made up 40% of Q3 revenue, up from 39% a year earlier, according to the same Q3 release. Clients worth more than £1m a year fell to 129 from 136.
Endava net debt and the credit facility
The balance sheet carries more debt than cash. Endava agreed a £350m revolving credit facility in February 2023, as its press release shows.
Source: Endava Q3 FY2026 results, SEC filing. Net debt calculated by Admirals and excludes lease liabilities. Past performance is not a reliable indicator of future results.
A delayed audit could raise questions under the facility's reporting terms. This is an inference. The current terms of the facility were not available for review.
Endava class action lawsuit
Several US law firms have announced securities class actions against Endava. The proposed class covers buyers of the ADS between 4 September 2025 and 21 September 2026.
The complaints allege that the company did not disclose that some customer and supplier agreements would need further accounting review. They also question statements about the AI pivot, according to Hagens Berman. These are allegations. A court has not ruled on them.
Key dates for the litigation
Source: Pomerantz Law Firm via GlobeNewswire and Kirby McInerney via GlobeNewswire.
Litigation tends to stay in the background for months. It may return to the headlines if the investigation leads to a restatement.
A key date for DAVA is the results and Form 20-F filing due by 2 November 2026. Until then, price levels may matter less than the outcome of the accounting review.
Endava stock technical analysis
The chart shows a stock in a downtrend that may have started to build a short base. All levels below use the price of about $1.93 on 8 October.
Endava stock support and resistance
Source: FinancialContent historical prices, levels derived by Admirals. Past performance is not a reliable indicator of future results.
Moving averages and the Endava stock RSI
A moving average smooths the closing price over a set number of sessions. DAVA trades above its short averages and well below its longer ones.
Source: FinancialContent historical prices, calculations by Admirals. StockInvest showed an RSI of 22 on 7 October, as the methods differ. Past performance is not a reliable indicator of future results.
The Relative Strength Index measures the speed of recent moves. Readings below 30 are often called oversold. On this calculation, DAVA's RSI has climbed out of that zone, while StockInvest's reading was still below 30 on 7 October. It remains well below 50, which may still point to weak momentum.
What the chart may suggest
The stock has traded between $1.60 and $1.98 since 24 September. Volume fell from millions of shares to a few hundred thousand, which may suggest that selling pressure has eased.
In technical analysis, a daily close above a resistance level such as $2.00 is often read as a possible sign of recovery. On that reading, the 20-day average near $2.23 could come into view. A close below $1.82 could put the $1.60 low back in focus. These are illustrative levels only, and a news headline can override them quickly.
Endava stock forecast and analyst views
Analyst sentiment turned more negative after the probe news. Many published price targets were set before 21 September, so averages may overstate current views.
Forecasts are not a reliable indicator of future performance.
TD Cowen later lowered its target again, to $3.50 from $4, according to TipRanks.
Endava stock consensus
Source: MarketBeat, StockAnalysis and TipRanks, accessed 8 October 2026. Forecasts are not a reliable indicator of future performance.
The gap between a $5 average and a $1.93 price may partly reflect how stale some targets are. The lowest published target, $2, sits close to the current price.
StockInvest's algorithm rates the stock a "Sell candidate" and shows a wide three-month band of $1.23 to $2.33, according to StockInvest.us. That is a model output. It is not an analyst view. Model outputs are not a reliable indicator of future performance.
Endava stock catalysts and key dates
The calendar is busy into November. Times below are in US Eastern time and UK time where known. The Admirals economic calendar lists the macro events.
Source: Endava release, Federal Reserve and Bank of England. Dates may change.
Will Endava file its 20-F on time?
The company has said it intends to file by 2 November. It has not yet announced a date or time for the results call. A filing on time with a clean audit opinion could ease one source of pressure. A delay could add to it, and listing rules on late filers could then come into focus.
Illustrative scenarios
The scenarios below are illustrative. They describe what could happen, and each depends on facts that are still unknown.
Admirals illustration based on the levels above. Forecasts are not a reliable indicator of future performance.
Each path carries risk. Even a good outcome may leave the business problems in place. Even a bad one may be partly priced in already.
Endava stock risks
The table weighs the factors that could support the stock against those that could weigh on it.
Source: Endava Q3 FY2026 results, FinancialContent historical prices and MarketBeat.
Liquidity is another factor. Market value is roughly $100m to $110m, based on Class A shares only, according to MarketBeat. A small, thinly traded stock can gap sharply on news. Spreads can widen too.
The sector backdrop
Generative AI could change demand for outsourced coding work over time. That is a possible risk for mid-sized IT services firms, including Endava.
Endava vs EPAM and peers
EPAM is often compared with Endava as a fellow software engineering firm. The chart below shows how this larger peer has traded. Endava's problems are partly sector-wide. The accounting probe, however, is specific to Endava.
Peer results in early November may offer a read-across for client demand. Investors may watch for signs of pricing pressure from AI tools across the group.
Currency exposure in pounds and dollars
Endava reports in pounds, while the ADS trades in dollars. A weaker pound reduces the dollar value of its sterling earnings. A stronger pound has the opposite effect. The company based its May outlook on a rate of $1.35 per pound, its Q3 release states.
How traders often approach a stock like DAVA
Event-driven stocks attract short-term traders. They also carry above-average risk, as large gaps can occur overnight.
What traders often watch
- Traders often watch the company's announcement of a results date.
- Markets have often reacted strongly to the wording of an auditor's opinion.
- Some traders watch the $2.00 and $1.82 levels for a break in the range.
- Daily volume can show whether larger buyers or sellers are returning.
- Moves in GBP/USD can affect how sterling results look in dollars.
Some traders use smaller position sizes around binary events like a delayed filing. Admirals explains this approach in its guide to risk management. Stop-loss orders can help manage risk, though a gap may fill them at a worse price than set.
How to trade Endava CFD positions
Admirals offers CFDs on shares and indices. It also offers CFDs on Forex and commodities. Shares and ETFs are available as well. Its contract specifications list both an Endava share CFD (#DAVA.US) and the Endava ADR (DAVA.US). Availability may depend on the account type and region. The DAVA.US instrument page shows recent news and data.
A contract for difference lets a trader take a position on price moves without owning the underlying share. CFDs on shares allow long or short positions. Leverage magnifies both gains and losses.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Source: Admirals product information on CFDs on shares. Costs vary by account and instrument.
Beginners can practise on a demo account, which uses virtual funds. Demo results may differ from live trading. Charts and orders are also available on MetaTrader 5.
Frequently Asked Questions
What is the Endava stock price today?
On 8 October 2026 at about 15:30 ET, DAVA traded near $1.93, up about 1% from Wednesday.
Why did Endava stock crash in September 2026?
The company put its CFO on leave and opened an accounting investigation on 21 September, hitting the shares hard.
Is Endava being investigated?
Yes. Independent counsel for the Audit Committee is reviewing the accounting for certain customer and supplier agreements and related matters.
When is the next Endava earnings date?
Endava says it intends to publish full-year 2026 results and file its Form 20-F by 2 November 2026.
What is the Endava lead plaintiff deadline?
Law firms cite 30 November 2026 as the lead plaintiff deadline for the class period ending 21 September 2026.
What is the Endava stock all time low?
The ADS hit an all-time low of $1.60 during the session on 29 September 2026, after the probe news.
What do analysts say about Endava stock?
MarketBeat shows a Reduce consensus. William Blair downgraded the stock and Deutsche Bank cut its target after the probe news.
Where is Endava stock support and resistance?
Traders often watch support near $1.82 and $1.60. Resistance sits near $2.00 and the 20-day average.
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Sources
- Endava Stock Price on October 8, 2026, Bullstory, accessed 8 October 2026.
- Historical Stock Prices for Endava plc (NYSE:DAVA), FinancialContent, accessed 8 October 2026.
- Endava (DAVA) Stock Price, News and Analysis, MarketBeat, accessed 8 October 2026.
- Endava Stock Price Forecast, StockInvest.us, accessed 8 October 2026.
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- Endava Announces Second Quarter Fiscal Year 2026 Results, Business Wire, accessed 8 October 2026.
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- Endava Announces £350 Million Revolving Credit Facility, Endava, accessed 8 October 2026.
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