In the last trading session, 1.9 million Dada Nexus Ltd ADR (NASDAQ:DADA) shares changed hands as the company’s beta touched 1.37. With the company’s per share price at $1.64 changed hands at $0.14 or 9.33% during last session, the market valuation stood at $433.09M. DADA’s last price was a discount, traded about -177.44% off its 52-week high of $4.55. The share price had its 52-week low at $1.04, which suggests the last value was 36.59% up since then. When we look at Dada Nexus Ltd ADR’s average trading volume, we note the 10-day average is 3.1 million shares, with the 3-month average coming to 1.95 million.
Analysts gave the Dada Nexus Ltd ADR (DADA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended DADA as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Dada Nexus Ltd ADR’s EPS for the current quarter is expected to be -0.11.
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Dada Nexus Ltd ADR (NASDAQ:DADA) trade information
Instantly DADA was in green as seen at the end of in last trading. With action -11.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -50.60%, with the 5-day performance at -11.35% in the red. However, in the 30-day time frame, Dada Nexus Ltd ADR (NASDAQ:DADA) is 25.19% up. Looking at the short shares, we see there were 2.96 million shares sold at short interest cover period of 1.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 53.14% from its current market value. According to analyst projections, DADA’s forecast low is 2 with 18 as the target high. To hit the forecast high, the stock’s price needs a -997.56% plunge from its current level, while the stock would need to soar -21.95% for it to hit the projected low.
Dada Nexus Ltd ADR (DADA) estimates and forecasts
Year-over-year growth is forecast to reach -7.40% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 333.03M. 5 analysts are of the opinion that Dada Nexus Ltd ADR’s revenue for the current quarter will be 362.88M. The company’s revenue for the corresponding quarters a year ago was 398.52M and 387.23M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.40%. The estimates for the next quarter sales put growth at -6.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.91%. The 2024 estimates are for Dada Nexus Ltd ADR earnings to decrease by -622.67%.
DADA Dividends
Dada Nexus Ltd ADR is expected to release its next quarterly earnings report on 2024-Nov-11.
ROVIDA ADVISORS INC. holds the second largest percentage of outstanding shares, with 1.7456% or 4.61 million shares worth $5.81 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk . With 1.23 shares estimated at $2.01 million under it, the former controlled 0.47% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.47% of the shares, roughly 1.23 shares worth around $2.02 million.
