Dada Nexus Ltd ADR (NASDAQ: DADA) Shocks Wall Street This Week With A 4.48% Stock Price Incline

Dada Nexus Ltd ADR (NASDAQ:DADA) has a beta value of 1.47 and has seen 0.64 million shares traded in the recent trading session. The company, currently valued at $554.57M, closed the recent trade at $2.10 per share which meant it gained $0.09 on the day or 4.48% during that session. The DADA stock price is -234.76% off its 52-week high price of $7.03 and 35.24% above the 52-week low of $1.36. The 3-month trading volume is 1.91 million shares.

Dada Nexus Ltd ADR (NASDAQ:DADA) trade information

Sporting 4.48% in the green today, the stock has traded in the green over the last five days, when the DADA stock price touched $2.10 or saw a rise of 2.33%. Year-to-date, Dada Nexus Ltd ADR shares have moved -36.75%, while the 5-day performance has seen it change 10.53%. Over the past 30 days, the shares of Dada Nexus Ltd ADR (NASDAQ:DADA) have changed 2.44%.

Dada Nexus Ltd ADR (DADA) estimates and forecasts

Figures show that Dada Nexus Ltd ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -47.10% over the past 6 months, with this year growth rate of 283.33%, compared to 18.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 90.00% and 100.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 16.60%.

1 analysts offering their estimates for the company have set an average revenue estimate of $374.73 million for the current quarter. 1 have an estimated revenue figure of $408.92 million for the next quarter concluding in Jun 2024. Year-ago sales stood $356.61 million and $383.14 million respectively for this quarter and the next, and analysts expect sales will grow by 5.10% for the current quarter and 6.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.91% over the past 5 years.

DADA Dividends

Dada Nexus Ltd ADR is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.