It’s Not A Fantasy To Think That Dada Nexus Ltd ADR (DADA) Has Big Future Potential

Dada Nexus Ltd ADR (NASDAQ:DADA) currently has a daily average trading volume of 1.69M but it saw 908588 shares traded in last market. With a market cap of 380.28M USD, the company’s current market price of $1.44 remained unchanged while comparing to the previous closing price of $1.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.83 and as low as $1.25.

Taking a look at 20-day trading activity of Dada Nexus Ltd ADR (DADA) gives us an average price of $1.4230, while its current price level is -78.92% below from 52-week high level whereas it is 14.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.6856 while that of 200 days or SMA-200 reads an average of $2.5622. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.14% during that period while stretching the period over a month that increases to 5.65%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.25 which implies that the stock is in neutral territory.

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New Street also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $15 and $2.

Year-to-date it is -56.63% down and over the past year, the stock is showing a downside performance of -74.69%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.01 beat the consensus estimate of 0 for the same. In next quarter, company is expected to be making quarterly sales of $330.54M as analysts are expecting the sales for current fiscal year at $1.35B and seeing the company making $1.53B in sales next year. Moreover, analysts are in estimates of $316.99M for current-quarter revenue.

Currently, Dada Nexus Ltd ADR’s total number of outstanding shares is 264.08M. Company’s return on investment (ROI) stands at -36.93% and return on equity (ROE) at -31.66%. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 0.52 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -24.85% on average.

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