The stock of Dada Nexus Limited (NASDAQ:DADA) increased by $0.32 on Tuesday to at $5.53, up 6.24 percent. The last five days have seen an average of 838,715 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.45. The average number of shares traded over the last 20 days was 1,277,344, while the average volume over the last 50 days totaled 1,261,523.
DADA stock dropped -17.26% since last month. On 08/25/23, the company’s shares reached a one-month low of $4.76. The stock touched a high of $15.59 on 01/26/23, after rallying from a low of $2.98 in 52 weeks. The price of DADA stock has declined by -20.59% or -$1.45 this year, reaching a new high 7 times. Still, the stock price is down -64.50% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.03, the price-to-book (PB) ratio of 1.51.
Financial Health
For the three months ended June 29, Dada Nexus Limited’s quick ratio was 3.80, while its current ratio was 3.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.70% percent. Dada Nexus Limited’s EBITDA margin for the year ended June 29 was -18.61%, whereas its operating margin stood at -14.10% for the same period. Based on annual data, it had gross profit of $525.52 million and revenue of $1.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DADA’s return on assets (ROA) during the last 12 months has been -15.10%. There was a -29.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.10%.
Earnings Surprise
According to Dada Nexus Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.36 billion, while revenues rose by 20.67% to $0.0. It was predicted that Dada Nexus Limited’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was -$28.09 million for the quarter. At the end of Dada Nexus Limited’s most recent quarter ended June 29, its liabilities totaled 219.78 million, while its total debt was $23.09 million.
Technical Picture
Here’s a quick look at Dada Nexus Limited’s (DADA) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 54.92%, suggesting the stock is Neutral, with a 76.38% historical volatility rate.
The stochastic %K and %D were 37.79% and 24.74% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 61.54%, the RSI (14) reading is 50.95%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at -0.05.
Analyst Ratings
In its analyst report released on July 24, 2023, Daiwa Securities began covering Dada Nexus Limited (NASDAQ: DADA). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Dada Nexus Limited (DADA) an Buy rating. DADA is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 15 others recommend it as a buy.
What is DADA’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.09 and $117.81, with a median target price of $71.44. In analyzing these forecasts, the average price target given by analysts for Dada Nexus Limited (DADA) is $73.79.
