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
(
Get Free Report)
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.
Read More
Before you consider Dada Nexus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dada Nexus wasn't on the list.
While Dada Nexus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
