Dada Nexus Limited (NASDAQ: DADA) stock has achieved $15.29 in the past week

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Dada Nexus Limited (NASDAQ:DADA) saw a downside of -3.88% to $14.12 after subtracting -$0.57 on Tuesday. The 5-day average trading volume is 2,432,744 shares of the company’s common stock. It has gained $15.29 in the past week and touched a new high 2 times within the past 5 days. An average of 2,980,891 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,147,398.

DADA’s 1-month performance is 101.51% or $7.84 on its low of $6.33 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.98 and high of $15.29, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, DADA has achieved 110.76% or $7.17 and has reached a new high 6 times. However, the current price is down -7.65% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.64 while the price-to-book (PB) in the most recent quarter is 3.47.

Dada Nexus Limited’s quick ratio for the period ended September 29 was 3.10, with the current ratio over the same period at 3.10. In terms of profitability, the gross margin trailing 12 months is 36.50%. The firm’s gross profit as reported stood at $271.03 million against revenue of $1.08 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Dada Nexus Limited’s cash and short-term investments amounted to $187.35 million against total debt of $143.04 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$387.77 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected DADA to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.15, representing a 21.10% surprise. EBITDA for the quarter stood at more than -$70.88 million. DADA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 317.25 million, with total debt at $143.04 million.

Let’s look briefly at Dada Nexus Limited (DADA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 65.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 80.06%.

The stock’s 5-day moving average is $13.78, reflecting a +2.06% or $0.28 change from its current price. DADA is currently trading +85.74% above its 20-day SMA, +128.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +354.50% and SMA200 by+50.69%.

Stochastic %K and %D was 86.83% and 84.85% and the average true range (ATR) pointed at 1.29. The RSI (14) points at 66.58%, while the 14-day stochastic is at 80.75% with the period’s ATR at 1.22. The stock’s 9-day MACD Oscillator is pointing at 0.64 and 1.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Dada Nexus Limited (NASDAQ: DADA), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.

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