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Riding the Trend or Protecting Profits | Dada Nexus Limited (DADA)

Dada Nexus Limited (NASDAQ:DADA) went up by 10.69% from its latest closing price compared to the recent 1-year high of $14.63. The company’s stock price has collected 5.27% of gains in the last five trading sessions.

Is It Worth Investing in Dada Nexus Limited (NASDAQ :DADA) Right Now?

Opinions of the stock are interesting as 13 analysts out of 13 who provided ratings for Dada Nexus Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $96.33, which is -$1.15 below the current price. DADA currently public float of 248.56M and currently shorts hold a 1.53% ratio of that float. Today, the average trading volume of DADA was 1.89M shares.

DADA’s Market Performance

DADA stocks went up by 5.27% for the week, with a monthly jump of 92.93% and a quarterly performance of 277.13%, while its annual performance rate touched 25.71%. The volatility ratio for the week stands at 10.89% while the volatility levels for the past 30 days are set at 13.03% for Dada Nexus Limited. The simple moving average for the period of the last 20 days is 37.06% for DADA stocks with a simple moving average of 107.09% for the last 200 days.

Analysts’ Opinion of DADA

Many brokerage firms have already submitted their reports for DADA stocks, with JP Morgan repeating the rating for DADA by listing it as a “Overweight.” The predicted price for DADA in the upcoming period, according to JP Morgan is $10 based on the research report published on May 16th of the previous year 2022.

JP Morgan, on the other hand, stated in their research note that they expect to see DADA reach a price target of $7.50. The rating they have provided for DADA stocks is “Neutral” according to the report published on March 14th, 2022.

Credit Suisse gave a rating of “Outperform” to DADA, setting the target price at $17.50 in the report published on March 09th of the previous year.

DADA Trading at 86.76% from the 50-Day Moving Average

After a stumble in the market that brought DADA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.08% of loss for the given period.

Volatility was left at 13.03%, however, over the last 30 days, the volatility rate increased by 10.89%, as shares surge +94.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +294.99% upper at present.

During the last 5 trading sessions, DADA rose by +5.27%, which changed the moving average for the period of 200-days by +38.61% in comparison to the 20-day moving average, which settled at $10.69. In addition, Dada Nexus Limited saw 103.44% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for DADA

Current profitability levels for the company are sitting at:

  • -38.96 for the present operating margin
  • +23.14 for the gross margin

The net margin for Dada Nexus Limited stands at -35.99. Equity return is now at value -32.60, with -25.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.

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