At the time of writing, Dada Nexus Ltd ADR [DADA] stock is trading at $1.18, down -9.92%. 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 10.28% over the last week, with a monthly amount drifted -9.92%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup upgraded its rating to Neutral on August 21, 2024, and elevated its price target to $1.50. On May 16, 2024, downgrade downgraded it’s rating to Neutral. New Street downgraded its rating to a Neutral and reduced its price target to $2 on March 06, 2024. Daiwa Securities upgraded its rating to Buy for this stock on February 20, 2024. In a note dated January 08, 2024, Citigroup downgraded an Sell rating on this stock.
For the past year, the stock price of Dada Nexus Ltd ADR fluctuated between $1.04 and $4.98. Currently, Wall Street analysts expect the stock to reach $6.04 within the next 12 months. Dada Nexus Ltd ADR [NASDAQ: DADA] shares were valued at $1.18 at the most recent close of the market. An investor can expect a potential return of 411.86% based on the average DADA price forecast.
Analyzing the DADA fundamentals
According to Dada Nexus Ltd ADR [NASDAQ:DADA], the company’s sales were 1.44B for trailing twelve months, which represents an -18.96% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.37 and Total Capital is -0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.1433 points at the first support level, and at 1.1067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2533, and for the 2nd resistance point, it is at 1.3267.
Ratios To Look Out For
It is important to note that Dada Nexus Ltd ADR [NASDAQ:DADA] has a current ratio of 3.17. As well, the Quick Ratio is 3.17, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 0.46.
