A share price of Dada Nexus Ltd ADR [DADA] is currently trading at $2.19, down -2.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DADA shares have gain 6.31% over the last week, with a monthly amount drifted -0.90%, and not seem to be holding up well over a long-time horizon.
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On 19, December 2023, Dada Announces Certain Management Changes. In a post published today on Yahoo Finance, Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced that Mr. Lijun Xin will step down as the Chairman of the Board and a member of the nominating and corporate governance committee of the Board (the “Nominating Committee”) for personal reasons, effective December 19, 2023. The board of directors of the Company (the “Board”) has named Mr. Ian Su Shan to succeed Mr. Xin as the Chairman of the Board and a member of the Nominating Committee, effective upon Mr. Xin’s resignation. Mr. Beck Zhaoming Chen has also notified the Board of his resignation as the Chief Financial Officer of the Company for personal reasons, effective December 19, 2023, and the Board has named Mr. Henry Jun Mao to succeed Mr. Chen as the Chief Financial Officer of the Company, effective upon Mr. Chen’s resignation.
From an analyst’s perspective:
Dada Nexus Ltd ADR [NASDAQ: DADA] stock has seen the most recent analyst activity on February 20, 2024, when Daiwa Securities upgraded its rating to a Buy. Previously, Citigroup downgraded its rating to Sell on January 08, 2024. On November 17, 2023, CLSA initiated with a Outperform rating. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $4.78 on October 19, 2023. Daiwa Securities initiated its recommendation with a Buy and recommended $10.73 as its price target on July 24, 2023. JP Morgan upgraded its rating to Overweight for this stock on May 16, 2022, and upped its price target to $10. In a note dated March 14, 2022, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $7.50.
Dada Nexus Ltd ADR experienced fluctuations in its stock price throughout the past year between $1.36 and $11.14. Currently, Wall Street analysts expect the stock to reach $12.67 within the next 12 months. Dada Nexus Ltd ADR [NASDAQ: DADA] shares were valued at $2.19 at the most recent close of the market. An investor can expect a potential return of 478.54% based on the average DADA price forecast.
Analyzing the DADA fundamentals
Trailing Twelve Months sales for Dada Nexus Ltd ADR [NASDAQ:DADA] were 1.55B which represents 13.90% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.12 points at the first support level, and at 2.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.29, and for the 2nd resistance point, it is at 2.38.
Dada Nexus Ltd ADR [DADA] reported earnings per share of $0 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.01 and a surprise factor of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dada Nexus Ltd ADR [NASDAQ:DADA] is 3.26. As well, the Quick Ratio is 3.26, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.61.
