Dada Nexus Limited (NASDAQ: DADA) is 23.78% higher on its value in year-to-date trading and has touched a low of $14.60 and a high of $61.27 in the current 52-week trading range. The DADA stock was last observed hovering at around $45.18 in the last trading session, with the day’s loss setting it -3.14% off its average median price target of $306.21 for the next 12 months. It is also 88.33% off the consensus price target high of $360.13 offered by 9 analysts, but current levels are 83.08% higher than the price target low of $248.41 for the same period.
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Currently trading at $42.04, the stock is 7.02% and 5.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -6.95% at the moment leaves the stock 37.39% off its SMA200. DADA registered a gain of 69.34% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $42.77 and a 200-day simple moving average (SMA200) of $31.96.
The stock witnessed a 7.11% loss in the last 1 month and extending the period to 3 months gives it a 35.27%, and is 16.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.09% over the week and 7.78% over the month.
Dada Nexus Limited (DADA) has around 2149 employees, a market worth around $10.21B and $758.30M in sales. Profit margin for the company is -46.90%. Distance from 52-week low is 187.94% and -31.39% from its 52-week high. The company has generated returns on investments over the last 12 months (24.20%).
Dada Nexus Limited (DADA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Dada Nexus Limited (DADA) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Dada Nexus Limited is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.27 with sales reaching $308.68M over the same period.The EPS is expected to shrink by -3.10% this year, but quarterly earnings will post 450.70% year-over-year.
Dada Nexus Limited (DADA) Top Institutional Holders
74 institutions hold shares in Dada Nexus Limited (DADA), with 6.28M shares held by insiders accounting for 2.79% while institutional investors hold 15.73% of the company’s shares. The shares outstanding are 224.61M, and float is at 22.36M with Short Float at 32.82%. Institutions hold 15.29% of the Float.
The top institutional shareholder in the company is Rovida Advisors Inc. with over 5.41 million shares valued at $143.16 million. The investor’s holdings represent 32.78% of the DADA Shares outstanding. As of Sep 29, 2020, the second largest holder is JP Morgan Chase & Company with 2.35 million shares valued at $62.09 million to account for 14.22% of the shares outstanding. The other top investors are Kylin Management LLC which holds 0.95 million shares representing 5.74% and valued at over $25.06 million, while Rokos Capital Management, LLP holds 5.23% of the shares totaling 0.86 million with a market value of $22.83 million.