Dada Nexus Limited (NASDAQ:DADA) shares traded 6.90% higher at $6.20 on Wall Street last session.
In accordance with the data, 16 analysts cover Dada Nexus Limited (NASDAQ:DADA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $120.34 and a low of $59.79, we find $90.22. Given the previous closing price of $5.80, this indicates a potential upside of 1455.52 percent. DADA stock price is now 9.36% away from the 50-day moving average and -14.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.50B.
It has been rated a hold by 0 analysts and a buy by 16. Brokers who have rated the stock have averaged $88.36 as their price target over the next twelve months.
With the price target enhanced from $7.50 to $10, JP Morgan Upgraded its rating from Neutral to Overweight for Dada Nexus Limited (NASDAQ: DADA).
A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DADA stock. A new stake in Dada Nexus Limited shares was purchased by TEKNE CAPITAL MANAGEMENT, LLC during the first quarter worth $4,686,000. ALLIANZ ASSET MANAGEMENT GMBH invested $3,688,000 in shares of DADA during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Dada Nexus Limited valued at approximately $3,603,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in DADA for approximately $1,764,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in DADA valued at around $1,638,000 in the second quarter. In total, there are 134 active investors with 19.10% ownership of the company’s stock.
During the past 12 months, Dada Nexus Limited has had a low of $2.98 and a high of $15.59. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 3.50, and a quick ratio of 3.50. The fifty day moving average price for DADA is $5.67 and a two-hundred day moving average price translates $7.24 for the stock.
The latest earnings results from Dada Nexus Limited (NASDAQ: DADA) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.07 by -0.03. This compares to -$0.39 EPS in the same period last year. The net profit margin was -17.70% and return on equity was -24.40% for DADA. The company reported revenue of $376.54 million for the quarter, compared to $319.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.97 percent. For the current quarter, analysts expect DADA to generate $390.66M in revenue.
Dada Nexus Limited(DADA) Company Profile
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platform for consumers, retailers, and brand owner. The company was incorporated in 2014 and is headquartered in Shanghai, the People’s Republic of China.
