Dada Nexus (NASDAQ:DADA - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $338.25 million for the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%.
Dada Nexus Price Performance
Shares of DADA traded down $0.03 during midday trading on Friday, hitting $1.86. The stock had a trading volume of 3,287,273 shares, compared to its average volume of 1,758,612. The firm has a market cap of $482.05 million, a price-to-earnings ratio of -1.68 and a beta of 1.40. The company has a 50 day simple moving average of $1.63 and a two-hundred day simple moving average of $1.54. Dada Nexus has a twelve month low of $1.04 and a twelve month high of $2.69.
Analysts Set New Price Targets
DADA has been the subject of a number of recent research reports. Citigroup dropped their target price on Dada Nexus from $2.00 to $1.90 and set a "neutral" rating for the company in a research report on Friday, November 15th. Mizuho dropped their price objective on Dada Nexus from $4.50 to $4.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $2.67.
Check Out Our Latest Analysis on Dada Nexus
About Dada Nexus
(
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Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.
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