At the last check on Friday, Dada Nexus Limited’s (NASDAQ:DADA) stock was up $0.34, moving up 6.30 percent to $5.74. The average number of shares traded per day over the past five days has been 1,201,771 shares. 3 times new highs have been achieved over the past 5 days, with a $0.86 gain in that time frame. In the last twenty days, the average volume was 1,277,608, while in the previous 50 days, it was 1,283,967.
Since last month, DADA stock retreated -8.31%. Shares of the company fell to $4.76 on 08/25/23, the lowest level in the past month. A 52-week high of $15.59 was reached on 01/26/23 after having rallying from a 52-week low of $2.98. Since the beginning of this year, DADA’s stock price has dropped by -17.65% or -$1.17, and marked a new high 7 times. However, the stock has declined by -63.18% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 1.56.
Financial Health
In the three months ended June 29, Dada Nexus Limited’s quick ratio stood at 3.80, while its current ratio was 3.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 40.70% percent. In the year ended June 29, EBITDA margin amounted to -18.61%, whereas operating margins totaled -14.10%. Based on annual data, DADA earned $525.52 million in gross profit and brought in $1.36 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -29.80%. Return on equity (ROE) for the past 12 months was -19.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DADA’s revenue rose 20.67% during the quarter, while net income inched up to $1.36 billion. While analysts expected Dada Nexus Limited to report $0 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated -$28.09 million in EBITDA. The liabilities of Dada Nexus Limited were 219.78 million at the end of its most recent quarter ended June 29, and its total debt was $23.09 million.
Technical Picture
This quick technical analysis looks at Dada Nexus Limited’s (DADA) price momentum. With a historical volatility rate of 53.88%, the RSI 9-day stood at 62.02% on 31 August.
With respect to its five-day moving average, the current Dada Nexus Limited price is up by +17.39% percent or $0.86. At present, DADA shares trade -4.77% below its 20-day simple moving average and -25.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.36% below its SMA50 and +41.45% above its SMA200.
Stochastic coefficient K was 76.50% and Stochastic coefficient D was 65.84%, while ATR was 0.35. Given the Stochastic reading of 98.06% for the 14-day period, the RSI (14) reading has been calculated as 56.03%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.28.
Analyst Ratings
Daiwa Securities launched its rating on Dada Nexus Limited (NASDAQ: DADA) to a Buy in a note to investors on July 24, 2023. Dada Nexus Limited (DADA) has been rated Buy by analysts. According to 0 brokerage firms, DADA is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dada Nexus Limited stock as buy, with 15 recommending it as overweight.
With a median target price of $71.44, the current consensus forecast for the stock is $40.09 – $117.81. Based on these forecasts, analysts predict Dada Nexus Limited (DADA) will achieve an average price target of $73.79.
