Dada Nexus Ltd ADR (NASDAQ:DADA) Drops -63.64% In 2024; Is It Affordable At $1.56?

In last trading session, Dada Nexus Ltd ADR (NASDAQ:DADA) saw 1.27 million shares changing hands with its beta currently measuring 1.38. Company’s recent per share price level of $1.56 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $411.96M. That closing price of DADA’s stock is at a discount of -191.67% from its 52-week high price of $4.55 and is indicating a premium of 33.33% from its 52-week low price of $1.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.03 million shares which gives us an average trading volume of 1.97 million if we extend that period to 3-months.

For Dada Nexus Ltd ADR (DADA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.11 in the current quarter.

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Dada Nexus Ltd ADR (NASDAQ:DADA) trade information

Dada Nexus Ltd ADR’s shares saw a change of -53.01% in year-to-date performance and have moved -22.58% in past 5-day. Dada Nexus Ltd ADR (NASDAQ:DADA) showed a performance of 20.93% in past 30-days. Number of shares sold short was 2.96 million shares which calculate 1.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 55.43% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -28.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -28.21% for stock’s current value.

Dada Nexus Ltd ADR (DADA) estimates and forecasts

This year revenue growth is estimated to fall -7.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 332.24M for the same. And 5 analysts are in estimates of company making revenue of 362.01M in the next quarter. Company posted 398.52M and 387.23M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.91% during past 5 years.

Dada Nexus Ltd ADR (NASDAQ:DADA)’s Major holders

GALILEO (PTC) LTD is the top institutional holder at DADA for having 6.57 million shares of worth $8.28 million. And as of 2024-06-30, it was holding 2.4858 of the company’s outstanding shares.

The second largest institutional holder is ROVIDA ADVISORS INC., which was holding about 4.61 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.7456 of outstanding shares, having a total worth of $5.81 million.