Dada Nexus Limited (NASDAQ: DADA) is -26.40% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DADA stock was last observed hovering at around $5.28 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $88.48 for the next 12 months. It is also 95.74% off the consensus price target high of $120.34 offered by 17 analysts, but current levels are 91.42% higher than the price target low of $59.79 for the same period.
Currently trading at $5.13, the stock is -12.49% and -23.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing -2.84% at the moment leaves the stock -30.12% off its SMA200. DADA registered -10.47% loss for a year compared to 6-month gain of 18.20%. The firm has a 50-day simple moving average (SMA 50) of $0.10 and a 200-day simple moving average (SMA200) of -$0.57.
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The stock witnessed a -9.20% loss in the last 1 month and extending the period to 3 months gives it a -42.36%, and is -12.31% 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 5.61% over the week and 7.16% over the month.
Dada Nexus Limited (DADA) has around 2631 employees, a market worth around $1.37B and $1.41B in sales. Fwd P/E is 10.47. Profit margin for the company is -17.70%. Distance from 52-week low is 72.15% and -67.09% 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”. 17 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 1 think it is a “Overweight”. 16 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 08/28/2023.The EPS is expected to grow by 23.90% this year
Dada Nexus Limited (DADA) Top Institutional Holders
The shares outstanding are 255.85M, and float is at 65.50M with Short Float at 5.56%.
Dada Nexus Limited (DADA): Who are the competitors?
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