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Is Dada Nexus Ltd ADR (NASDAQ: DADA) Potentially Life-Changing Stock?

In the last trading session, 1.31 million Dada Nexus Ltd ADR (NASDAQ:DADA) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $1.74 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $455.90M. DADA’s last price was a discount, traded about -666.67% off its 52-week high of $13.34. The share price had its 52-week low at $1.36, which suggests the last value was 21.84% up since then. When we look at Dada Nexus Ltd ADR’s average trading volume, we note the 10-day average is 2.07 million shares, with the 3-month average coming to 0.40.

Dada Nexus Ltd ADR (NASDAQ:DADA) trade information

With action -4.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -47.59%, with the 5-day performance at -4.40% in the red. However, in the 30-day time frame, Dada Nexus Ltd ADR (NASDAQ:DADA) is 15.23% up. Looking at the short shares, we see there were 2.65 million shares sold at short interest cover period of 0.4 days.

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Dada Nexus Ltd ADR (DADA) estimates and forecasts

Data shows that the Dada Nexus Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -69.42% over the past 6 months, a 98.72% in annual growth rate that is considerably higher than the industry average of 8.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Dada Nexus Ltd ADR will rise 190.00%, while the growth in revenue is estimated to hit 130.00% for the next quarter. Year-over-year growth is forecast to reach 17.40% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $436.72 million. 4 analysts are of the opinion that Dada Nexus Ltd ADR’s revenue for the quarter ending Mar 2024 will be $413.52 million. The company’s revenue for the corresponding quarters a year ago was $387.91 million and $356.61 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.60%. The estimates for the next quarter sales put growth at 16.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.39%. The 2024 estimates are for Dada Nexus Ltd ADR earnings to increase by 95.52%.

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