The 36-month beta value for DADA is at 1.34. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for DADA is 256.92M, and currently, shorts hold a 1.16% of that float. The average trading volume for DADA on September 30, 2024 was 1.32M shares.
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DADA) stock’s latest price update
Dada Nexus Ltd ADR (NASDAQ: DADA)’s stock price has soared by 13.12 in relation to previous closing price of 1.60. Nevertheless, the company has seen a gain of 53.39% in its stock price over the last five trading days. fool.com reported 2024-09-24 that A new economic stimulus plan was unveiled in their home market of China. This sprawling package will affect nearly every part of the domestic economy.
DADA’s Market Performance
Dada Nexus Ltd ADR (DADA) has seen a 53.39% rise in stock performance for the week, with a 69.16% gain in the past month and a 43.65% surge in the past quarter. The volatility ratio for the week is 9.57%, and the volatility levels for the past 30 days are at 6.48% for DADA. The simple moving average for the past 20 days is 52.55% for DADA’s stock, with a -1.75% 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 44.49% 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 -63.65% of loss for the given period.
Volatility was left at 6.48%, however, over the last 30 days, the volatility rate increased by 9.57%, as shares surge +63.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.09% upper at present.
During the last 5 trading sessions, DADA rose by +53.39%, which changed the moving average for the period of 200-days by -40.66% in comparison to the 20-day moving average, which settled at $1.2215. In addition, Dada Nexus Ltd ADR saw -45.48% 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 0.13. 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 mixed 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.
