In the last trading session, 5.15 million shares of the Dada Nexus Ltd ADR (NASDAQ:DADA) were traded, and its beta was 1.34. Most recently the company’s share price was $2.49, and it changed around $0.23 or 10.18% from the last close, which brings the market valuation of the company to $657.56M. DADA currently trades at a discount to its 52-week high of $4.98, offering almost -100.0% off that amount. The share price’s 52-week low was $1.04, which indicates that the current value has risen by an impressive 58.23% since then. We note from Dada Nexus Ltd ADR’s average daily trading volume that its 10-day average is 4.42 million shares, with the 3-month average coming to 1.68 million.
Dada Nexus Ltd ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 4 recommended DADA as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Dada Nexus Ltd ADR is expected to report earnings per share of -0.11 for the current quarter.
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Dada Nexus Ltd ADR (NASDAQ:DADA) trade information
Instantly DADA has showed a green trend with a performance of 10.18% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.52 on recent trading dayincreased the stock’s daily price by 1.19%. The company’s shares are currently down -25.00% year-to-date, but still up 31.05% over the last five days. On the other hand, Dada Nexus Ltd ADR (NASDAQ:DADA) is 128.44% up in the 30-day period. We can see from the shorts that 2.97 million shares have been sold at a short interest cover period of 2.56 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 28.86% from its current value. Analyst projections state that DADA is forecast to be at a low of $1.5 and a high of $18.
Dada Nexus Ltd ADR (DADA) estimates and forecasts
The year-over-year growth rate is expected to be -6.30%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 336.99M in revenue for the current quarter. 5 analysts expect Dada Nexus Ltd ADR to make 367.19M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 398.52M and 387.23M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.40%. Forecasts for the next quarter put sales growth at -5.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.91%.
DADA Dividends
Dada Nexus Ltd ADR’s next quarterly earnings report is expected to be released in November.
ROVIDA ADVISORS INC., with 1.7456% or 4.61 million shares worth $5.81 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
