Dada Nexus Ltd ADR (NASDAQ: DADA) has experienced a decline in its stock price by -5.45 compared to its previous closing price of 1.10. However, the company has seen a fall of -7.14% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-21 that Dada Nexus Limited (NASDAQ:DADA ) Q2 2024 Earnings Conference Call August 20, 2024 9:30 PM ET Company Participants Caroline Dong – Head of Investor Relations Henry Jun Mao – Chief Financial Officer Conference Call Participants Thomas Chong – Jefferies Alicia Yap – Citigroup Jiulu Li – CICC Operator Good morning, ladies and gentlemen and thank you for standing by for Dada’s Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Is It Worth Investing in Dada Nexus Ltd ADR (NASDAQ: DADA) Right Now?
The 36-month beta value for DADA is at 1.31. 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.”
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The public float for DADA is 256.92M, and currently, shorts hold a 1.42% of that float. The average trading volume for DADA on September 12, 2024 was 1.22M shares.
DADA’s Market Performance
DADA stock saw a decrease of -7.14% in the past week, with a monthly decline of -21.80% and a quarterly a decrease of -30.67%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 5.83% for Dada Nexus Ltd ADR (DADA). The simple moving average for the past 20 days is -11.88% for DADA’s stock, with a -46.81% simple moving average for the past 200 days.
Analysts’ Opinion of DADA
Citigroup, on the other hand, stated in their research note that they expect to see DADA reach a price target of $1.50, previously predicting the price at $1. The rating they have provided for DADA stocks is “Neutral” according to the report published on August 21st, 2024.
DADA Trading at -19.86% 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 -79.12% of loss for the given period.
Volatility was left at 5.83%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares sank -18.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.78% lower at present.
During the last 5 trading sessions, DADA fell by -7.14%, which changed the moving average for the period of 200-days by -72.41% in comparison to the 20-day moving average, which settled at $1.1682. In addition, Dada Nexus Ltd ADR saw -68.67% 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:
- -0.22 for the present operating margin
- 0.3 for the gross margin
The net margin for Dada Nexus Ltd ADR stands at -0.21. The total capital return value is set at -0.44. Equity return is now at value -34.83, with -27.36 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 19.34.
Currently, EBITDA for the company is -488.42 million with net debt to EBITDA at 1.01. When we switch over and look at the enterprise to sales, we see a ratio of -0.01. The receivables turnover for the company is 6.36for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.17.
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.
