Dada Nexus Limited (NASDAQ:DADA) saw a downside of -0.41% to $5.13 after subtracting -$0.02on Wednesday. The 5-day average trading volume is 1,413,886 shares of the company’s common stock. It has gained $5.74 in the past week and touched a new high 1 time within the past 5 days. An average of 1,499,227 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,370,135.
DADA’s 1-month performance is -8.25% or -$0.30 on its low of $4.86 reached on 08/21/23. The company’s shares have touched a 52-week low of $2.98 and high of $15.59, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, DADA has lost -26.42% or -$1.82 and has reached a new high 7 times. However, the current price is down -67.10% from the 52-week high price.
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Valuation Metrics
DADA stock has a beta of 1.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.05 while the price-to-book (PB) in the most recent quarter is 1.40.
Dada Nexus Limited’s quick ratio for the period ended June 29 was 3.80, with the current ratio over the same period at 3.80. In terms of profitability, the gross margin trailing 12 months is 40.70%. The trailing 12-month EBITDA margin is -18.61% while for the period ending June 29, Dada Nexus Limited’s operating margin was -14.10%. The firm’s gross profit as reported stood at $525.52 million against revenue of $1.36 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -33.19% to -$291.13 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected DADA to announce $0 per share in earnings in its latest quarter, but it posted $0.01. EBITDA for the quarter stood at more than -$28.09 million. DADA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 219.78 million, with total debt at $23.09 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 22 August was 39.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.28%.
The stock’s 5-day moving average is $5.20, reflecting a -6.28% or -$0.34 change from its current price. DADA is currently trading -13.82% above its 20-day SMA, -41.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.10% and SMA200 by+62.30%.
Stochastic %K and %D was 19.76% and 16.39% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 42.07%, while the 14-day stochastic is at 20.40% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Dada Nexus Limited (NASDAQ: DADA), Daiwa Securities launched coverage with a Buy rating. Analysts offering their rating for DADA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DADA as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.
What is DADA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.09 and a high of $117.81, with their median price target at $71.44. Looking at these predictions, the average price target given by analysts is for Dada Nexus Limited (DADA) stock is $73.79.
