Dada Nexus Limited (NASDAQ:DADA) has seen 2.07 million shares traded in the last trading session. The company, currently valued at $3.39B, closed the last trade at $14.69 per share which meant it gained $0.51 on the day or 3.60% during that session. The DADA stock price is -4.08% off its 52-week high price of $15.29 and 79.71% above the 52-week low of $2.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.2 million shares traded. The 3-month trading volume is 1.95 million shares.
The consensus among analysts is that Dada Nexus Limited (DADA) is a Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 14 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.
Dada Nexus Limited (NASDAQ:DADA) trade information
Sporting 3.60% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the DADA stock price touched $14.69 or saw a rise of 3.92%. Year-to-date, Dada Nexus Limited shares have moved 110.76%, while the 5-day performance has seen it change 4.93%. Over the past 30 days, the shares of Dada Nexus Limited (NASDAQ:DADA) have changed 101.51%. Short interest in the company has seen 3.81 million shares shorted with days to cover at 2.2.
Wall Street analysts have a consensus price target for the stock at $98.82, which means that the shares’ value could jump 85.13% from current levels. The projected low price target is $40.83 while the price target rests at a high of $134.21. In that case, then, we find that the current price level is -813.61% off the targeted high while a plunge would see the stock gain -177.94% from current levels.
Dada Nexus Limited (DADA) estimates and forecasts
Figures show that Dada Nexus Limited shares have outperformed across the wider relevant industry. The company’s shares have gained 96.13% over the past 6 months, with this year growth rate of 43.80%, compared to 12.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 61.30% and 82.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 45.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of $395.39 million for the current quarter. 4 have an estimated revenue figure of $395.3 million for the next quarter concluding in Mar 2023. Year-ago sales stood $282.36 million and $281.41 million respectively for this quarter and the next, and analysts expect sales will grow by 40.00% for the current quarter and 40.50% for the next.
Dada Nexus Limited is expected to release its next earnings report between March 06 and March 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Dada Nexus Limited (NASDAQ:DADA)’s Major holders
Insiders own 2.75% of the company shares, while shares held by institutions stand at 19.25% with a share float percentage of 19.80%. Investors are also buoyed by the number of investors in a company, with Dada Nexus Limited having a total of 128 institutions that hold shares in the company. The top two institutional holders are JP Morgan Chase & Company with over 9.7 million shares worth more than $142.51 million. As of Sep 29, 2022, JP Morgan Chase & Company held 3.80% of shares outstanding.
The other major institutional holder is Galileo (PTC) Ltd, with the holding of over 6.73 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $98.9 million and represent 2.63% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are JP Morgan Emerging Markets Equity Fund and KraneShares CSI China Internet ETF. As of Oct 30, 2022, the former fund manager holds about 1.34% shares in the company for having 3.42 million shares of worth $50.27 million while later fund manager owns 2.77 million shares of worth $40.65 million as of Sep 29, 2022, which makes it owner of about 1.08% of company’s outstanding stock.