Dada Nexus Limited (NASDAQ: DADA) is 2.01% higher on its value in year-to-date trading and has touched a low of $2.98 and a high of $15.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DADA stock was last observed hovering at around $6.99 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $115.89 for the next 12 months. It is also 94.9% off the consensus price target high of $139.38 offered by 16 analysts, but current levels are 91.58% higher than the price target low of $84.47 for the same period.
Currently trading at $7.11, the stock is -25.35% and -39.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 1.72% at the moment leaves the stock -6.17% off its SMA200. DADA registered 20.71% gain for a year compared to 6-month gain of 23.87%.
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The stock witnessed a -40.25% loss in the last 1 month and extending the period to 3 months gives it a -9.31%, and is -20.56% down 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 7.99% over the week and 6.98% over the month.
Dada Nexus Limited (DADA) has around 3132 employees, a market worth around $1.89B and $1.35B in sales. Fwd P/E is 10.01. Profit margin for the company is -21.40%. Distance from 52-week low is 138.59% and -54.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.80%).
Dada Nexus Limited (DADA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Dada Nexus Limited (DADA) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 1 think it is a “Overweight”. 15 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 06/05/2023.The EPS is expected to grow by 23.90% this year
Dada Nexus Limited (DADA) Top Institutional Holders
The shares outstanding are 255.37M, and float is at 247.64M with Short Float at 1.10%.
Dada Nexus Limited (DADA): Who are the competitors?
The company’s main competitors (and peers) include Pinduoduo Inc. (PDD) that is 246.10% higher over the past 12 months.
