In today’s recent session, 0.53 million shares of the Dada Nexus Ltd ADR (NASDAQ:DADA) have been traded, and its beta is 1.48. Most recently the company’s share price was $1.89, and it changed around $0.03 or 1.88% from the last close, which brings the market valuation of the company to $496.51M. DADA at last check was trading at a discount to its 52-week high of $7.03, offering almost -271.96% off that amount. The share price’s 52-week low was $1.36, which indicates that the recent value has risen by an impressive 28.04% since then. We note from Dada Nexus Ltd ADR’s average daily trading volume that its 3-month average coming to 2.16 million.
Dada Nexus Ltd ADR stock received a consensus recommendation rating of Underweight, based on a mean score of 2.12. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended DADA as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Dada Nexus Ltd ADR is expected to report earnings per share of $0.04 for the current quarter.
Dada Nexus Ltd ADR (NASDAQ:DADA) trade information
Instantly DADA has been showing a green trend so far today with a performance of 1.88% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -42.92% year-to-date, but still up 0.26% over the last five days. On the other hand, Dada Nexus Ltd ADR (NASDAQ:DADA) is -20.71% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $12.67, which translates to bulls needing to increase their stock price by 85.08% from its current value. Analyst projections state that DADA is forecast to be at a low of $3.5 and a high of $18.
Dada Nexus Ltd ADR (DADA) estimates and forecasts
Dada Nexus Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -48.22 percent over the past six months and at a 283.33% annual growth rate that is well above the industry average of 18.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 140.00% in revenue this quarter, and will report an increase of 700.00% in the next quarter. The year-over-year growth rate is expected to be 16.80%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $374.63 million in revenue for the current quarter. 1 analysts expect Dada Nexus Ltd ADR to make $434.14 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $356.61 million and $383.14 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.10%. Forecasts for the next quarter put sales growth at 13.30%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.92%.
