The stock of Dada Nexus Ltd ADR (DADA) has gone down by -3.40% for the week, with a -13.85% drop in the past month and a 16.72% rise in the past quarter. The volatility ratio for the week is 4.42%, and the volatility levels for the past 30 days are 6.45% for DADA. The simple moving average for the last 20 days is -12.64% for DADA stock, with a simple moving average of -46.83% for the last 200 days.
Is It Worth Investing in Dada Nexus Ltd ADR (NASDAQ: DADA) Right Now?
The 36-month beta value for DADA is at 1.49. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DADA is 254.93M, and currently, shorts hold a 1.54% of that float. The average trading volume for DADA on April 10, 2024 was 3.17M shares.
DADA) stock’s latest price update
Dada Nexus Ltd ADR (NASDAQ: DADA) has seen a rise in its stock price by 1.53 in relation to its previous close of 1.96. However, the company has experienced a -3.40% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-22 that SHANGHAI, China, March 22, 2024 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on Monday, March 25, 2024, after the close of U.S. markets.
Analysts’ Opinion of DADA
Many brokerage firms have already submitted their reports for DADA stocks, with New Street repeating the rating for DADA by listing it as a “Neutral.” The predicted price for DADA in the upcoming period, according to New Street is $2 based on the research report published on March 06, 2024 of the current year 2024.
DADA Trading at -6.73% 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 -74.94% of loss for the given period.
Volatility was left at 6.45%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares sank -21.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.00% lower at present.
During the last 5 trading sessions, DADA fell by -3.40%, which changed the moving average for the period of 200-days by -65.81% in comparison to the 20-day moving average, which settled at $2.2515. In addition, Dada Nexus Ltd ADR saw -40.06% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DADA
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.39 for the gross margin
The net margin for Dada Nexus Ltd ADR stands at -0.1. The total capital return value is set at -0.17. Equity return is now at value -30.62, with -23.14 for asset returns.
Based on Dada Nexus Ltd ADR (DADA), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -42.17. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -189.91.
Currently, EBITDA for the company is -2.0 billion with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.17. The receivables turnover for the company is 7.63for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.04.
Conclusion
In conclusion, Dada Nexus Ltd ADR (DADA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
