Dada Nexus Ltd ADR [DADA] stock is trading at $2.31, down -6.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DADA shares have gain 5.96% over the last week, with a monthly amount glided 24.53%, and 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 March 06, 2024, when New Street downgraded its rating to a Neutral and also revised its price target to $2 from $15. Previously, Daiwa Securities upgraded its rating to Buy on February 20, 2024. On January 08, 2024, downgrade downgraded it’s rating to Sell. CLSA started tracking the stock assigning a Outperform rating. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $4.78 on October 19, 2023. Daiwa Securities started tracking with a Buy rating for this stock on July 24, 2023, and assigned it a price target of $10.73. In a note dated May 16, 2022, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $7.50 to $10.
Dada Nexus Ltd ADR [DADA] stock has fluctuated between $1.36 and $9.83 over the past year. 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 $2.31 at the most recent close of the market. An investor can expect a potential return of 448.48% based on the average DADA price forecast.
Analyzing the DADA fundamentals
Dada Nexus Ltd ADR [NASDAQ:DADA] reported sales of 1.55B for the trailing twelve months, which represents a growth of 13.90%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.15 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 2.21 points at the first support level, and at 2.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.46, and for the 2nd resistance point, it is at 2.61.
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
For context, Dada Nexus Ltd ADR’s Current Ratio is 3.26. Also, the Quick Ratio is 3.26, while the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 0.65.
