Dada Nexus Ltd ADR [DADA] stock prices are up 0.50% to $2.01 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DADA shares have gain 8.06% over the last week, with a monthly amount drifted -4.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, New Street downgraded its rating to Neutral on March 06, 2024, and dropped its price target to $2. On February 20, 2024, upgrade upgraded it’s rating to Buy. Citigroup downgraded its rating to a Sell. CLSA initiated its recommendation with a Outperform. Morgan Stanley downgraded its rating to Equal-Weight for this stock on October 19, 2023, and downed its price target to $4.78. In a note dated July 24, 2023, Daiwa Securities initiated an Buy rating and provided a target price of $10.73 on this stock.
The stock price of Dada Nexus Ltd ADR [DADA] has been fluctuating between $1.36 and $7.03 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 $2.01 at the most recent close of the market. An investor can expect a potential return of 530.35% based on the average DADA price forecast.
Analyzing the DADA fundamentals
The Dada Nexus Ltd ADR [NASDAQ:DADA] reported sales of 1.55B for trailing twelve months, representing a surge of 1.06%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.3 and Total Capital is -0.38. 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 1.95 points at the first support level, and at 1.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.11, and for the 2nd resistance point, it is at 2.21.
Dada Nexus Ltd ADR [DADA] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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’s worth pointing out that Dada Nexus Ltd ADR [NASDAQ:DADA]’s Current Ratio is 3.04. On the other hand, the Quick Ratio is 3.02, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 0.68.
