A share price of Dada Nexus Ltd ADR [DADA] is currently trading at $2.26, up 4.63%. 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 24.86% over the last week, with a monthly amount glided 101.79%, and 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.
Dada Nexus Ltd ADR experienced fluctuations in its stock price throughout the past year 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 $2.26 at the most recent close of the market. An investor can expect a potential return of 167.26% based on the average DADA price forecast.
Analyzing the DADA fundamentals
Trailing Twelve Months sales for Dada Nexus Ltd ADR [NASDAQ:DADA] were 1.44B which represents -18.96% decline. 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. 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 2.16 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 2.32, and for the 2nd resistance point, it is at 2.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dada Nexus Ltd ADR [NASDAQ:DADA] is 3.17. Also, the Quick Ratio is 3.17, while the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.88.
