At the time of writing, Dada Nexus Ltd ADR [DADA] stock is trading at $2.06, up 2.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DADA shares have gain 4.57% over the last week, with a monthly amount drifted -17.27%, and not seem to be holding up well over a long-time horizon.
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On 25, March 2024, Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
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.
For the past year, the stock price of Dada Nexus Ltd ADR fluctuated between $1.36 and $7.94. 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 $2.06 at the most recent close of the market. An investor can expect a potential return of 515.05% based on the average DADA price forecast.
Analyzing the DADA fundamentals
According to Dada Nexus Ltd ADR [NASDAQ:DADA], the company’s sales were 1.55B for trailing twelve months, which represents an 1.06% jump. 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 2.00 points at the first support level, and at 1.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.12, and for the 2nd resistance point, it is at 2.18.
Dada Nexus Ltd ADR [DADA] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of -$0.1 and a surprise factor of -125.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0 per share as compared to estimates of -$0.01 per share, a difference of $0.01 representing a surprise of 100.00%.
Ratios To Look Out For
It is important to note that Dada Nexus Ltd ADR [NASDAQ:DADA] has a current ratio of 3.04. Further, the Quick Ratio stands at 3.03, while the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.58.
