Should I buy or sell Dada Nexus stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DADA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DADA, but not buy additional shares or sell existing shares. View DADA analyst ratings or view top-rated stocks .

What is Dada Nexus' stock price target for 2024?

7 brokerages have issued twelve-month price objectives for Dada Nexus' shares. Their DADA share price targets range from $2.00 to $11.00. On average, they expect the company's stock price to reach $6.00 in the next year. This suggests a possible upside of 222.4% from the stock's current price. View analysts price targets for DADA or view top-rated stocks among Wall Street analysts .

How have DADA shares performed in 2024?

Dada Nexus' stock was trading at $3.32 at the beginning of the year. Since then, DADA shares have decreased by 44.0% and is now trading at $1.86. View the best growth stocks for 2024 here .

Are investors shorting Dada Nexus?

Dada Nexus saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,210,000 shares, an increase of 7.4% from the March 15th total of 3,920,000 shares. Based on an average daily volume of 3,490,000 shares, the days-to-cover ratio is presently 1.2 days. View Dada Nexus' Short Interest .

When is Dada Nexus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our DADA earnings forecast .

How were Dada Nexus' earnings last quarter?

Dada Nexus Limited (NASDAQ:DADA) announced its quarterly earnings data on Monday, March, 25th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.09. The firm earned $381.95 million during the quarter, compared to analyst estimates of $436.80 million. Dada Nexus had a negative trailing twelve-month return on equity of 14.06% and a negative net margin of 22.62%.

What other stocks do shareholders of Dada Nexus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dada Nexus investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Home Depot (HD) , Abbott Laboratories (ABT) , CVS Health (CVS) , Fastly (FSLY) , RTX (RTX) , Thermo Fisher Scientific (TMO) and Salesforce (CRM) .

When did Dada Nexus IPO?

Dada Nexus (DADA) raised $264 million in an initial public offering (IPO) on Friday, June 5th 2020. The company issued 16,500,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs (Asia), BofA Securities and Jefferies served as the underwriters for the IPO.

How do I buy shares of Dada Nexus?

Shares of DADA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:DADA

Dada Nexus (DADA) Stock Price, News & Analysis

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$1.86

+0.02 (+1.09%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.81
▼
$1.91
50-Day Range: $1.73
▼
$2.56
52-Week Range: $1.36
▼
$7.03

Volume: 599,889 shs
Average Volume: 3.18 million shs
Market Capitalization: $487.34 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.00

Get Dada Nexus alerts:

Dada Nexus MarketRank™ Stock Analysis

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 222.4% Upside
$6.00 Price Target
Short Interest: Healthy
1.61% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.54
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 104.55%
From $0.22 to $0.45 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.82 out of 5 stars

Business Services Sector

163rd out of 305 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

28th out of 57 stocks

3.2

Analyst's Opinion

Consensus Rating
Dada Nexus has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Dada Nexus has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.61% of the outstanding shares of Dada Nexus have been sold short.
Short Interest Ratio / Days to Cover
Dada Nexus has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Dada Nexus has recently increased by 7.40%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Dada Nexus does not currently pay a dividend.
Dividend Growth
Dada Nexus does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DADA.

2.0

News and Social Media Coverage

News Sentiment
Dada Nexus has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Dada Nexus this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for DADA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Dada Nexus to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dada Nexus insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.50% of the stock of Dada Nexus is held by insiders.
Percentage Held by Institutions
59.25% of the stock of Dada Nexus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Dada Nexus are expected to grow by 104.55% in the coming year, from $0.22 to $0.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dada Nexus is -1.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dada Nexus is -1.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Dada Nexus has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Dada Nexus Stock (NASDAQ:DADA)

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 platform for consumers, retailers, and brand owner. The company was incorporated in 2014 and is headquartered in Shanghai, the People's Republic of China.

DADA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DADA Stock News Headlines

April 17, 2024 | finance.yahoo.com

Dada Nexus Limited (DADA)

April 17, 2024 | americanbankingnews.com

Dada Nexus (NASDAQ:DADA) Shares Gap Up to $1.91

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | americanbankingnews.com

Dada Nexus Limited (NASDAQ:DADA) Receives Average Rating of "Hold" from Brokerages

April 14, 2024 | americanbankingnews.com

Dada Nexus (NASDAQ:DADA) Shares Gap Down to $2.06

April 13, 2024 | americanbankingnews.com

Dada Nexus (NASDAQ:DADA) Trading 4.2% Higher

April 3, 2024 | investorplace.com

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March 28, 2024 | seekingalpha.com

Dada Nexus: Justifiably Cheap

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 28, 2024 | finance.yahoo.com

Dada Nexus Limited (NASDAQ:DADA) Yearly Results: Here's What Analysts Are Forecasting For This Year

March 27, 2024 | finance.yahoo.com

Dada Nexus Limited (NASDAQ:DADA) Q4 2023 Earnings Call Transcript

March 26, 2024 | finance.yahoo.com

Q4 2023 Dada Nexus Ltd Earnings Call

March 26, 2024 | finance.yahoo.com

Dada Nexus Limited: Dada Earnings: Questions Linger Despite Addressing Revenue Irregularities; Governance Risks Remain

March 26, 2024 | seekingalpha.com

Dada's Loss Narrows As It Cleans House

March 26, 2024 | marketwatch.com

Dada Nexus Shares Slide 17% on 4Q Profit, Revenue Misses

March 26, 2024 | finanznachrichten.de

Dada Nexus Limited: Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

March 25, 2024 | investorplace.com

DADA Stock Earnings: Dada Nexus Misses EPS, Misses Revenue for Q4 2023

March 25, 2024 | globenewswire.com

Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

March 23, 2024 | finance.yahoo.com

Dada Nexus Limited (DADA) Interactive Stock Chart - Yahoo Finance

March 22, 2024 | globenewswire.com

Dada to Announce Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results on March 25, 2024

March 16, 2024 | finance.yahoo.com

DADA Apr 2024 2.000 call

March 12, 2024 | prnewswire.com

DADA DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Dada Nexus Limited Investors With Losses in Excess of $100k to Secure Counsel Before Important March 11 Deadline in Securities Class Action First Filed by the Firm - DADA

March 11, 2024 | finance.yahoo.com

DADA Oct 2024 5.000 call

March 11, 2024 | stockhouse.com

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Dada Nexus Limited with Losses of $100,000 to Contact the Firm

March 11, 2024 | markets.businessinsider.com

Jefferies Maintains Buy Rating for Dada Nexus: Here's What You Need To Know

March 11, 2024 | markets.businessinsider.com

Deep Dive Into Dada Nexus Stock: Analyst Perspectives (4 Ratings)

March 11, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Dada Nexus Limited - DADA

See More Headlines

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Company Calendar

Last Earnings: 3/25/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NASDAQ:DADA
CUSIP: N/A
CIK: 1793862
Web: about.imdada.cn
Phone: 86-21-3165-7167
Fax: N/A
Employees: 2,631
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.00
High Stock Price Target: $11.00
Low Stock Price Target: $2.00
Potential Upside/Downside: +222.4%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 8.45
P/E Growth: N/A
Net Income: $-276,600,000.00
Net Margins: -22.62%
Pretax Margin: -18.68%
Return on Equity: -14.06%
Return on Assets: -11.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.04
Quick Ratio: 3.03

Sales & Book Value

Annual Sales: $1.49 billion
Price / Sales: 0.33
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.00 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 262,010,000
Free Float: 239,740,000
Market Cap: $487.34 million
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Bing Fu
Interim President
Mr. Henry Jun Mao
Chief Financial Officer
Ms. Caroline Dong
Head of Investor Relations
Colleen A. De Vries
Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DADA Stock Analysis - Frequently Asked Questions

Should I buy or sell Dada Nexus stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DADA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DADA, but not buy additional shares or sell existing shares.
View DADA analyst ratings or view top-rated stocks.
What is Dada Nexus' stock price target for 2024?: 7 brokerages have issued twelve-month price objectives for Dada Nexus' shares. Their DADA share price targets range from $2.00 to $11.00. On average, they expect the company's stock price to reach $6.00 in the next year. This suggests a possible upside of 222.4% from the stock's current price.
View analysts price targets for DADA or view top-rated stocks among Wall Street analysts.
How have DADA shares performed in 2024?: Dada Nexus' stock was trading at $3.32 at the beginning of the year. Since then, DADA shares have decreased by 44.0% and is now trading at $1.86.
View the best growth stocks for 2024 here.
Are investors shorting Dada Nexus?: Dada Nexus saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,210,000 shares, an increase of 7.4% from the March 15th total of 3,920,000 shares. Based on an average daily volume of 3,490,000 shares, the days-to-cover ratio is presently 1.2 days.
View Dada Nexus' Short Interest.
When is Dada Nexus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our DADA earnings forecast.

How were Dada Nexus' earnings last quarter?: Dada Nexus Limited (NASDAQ:DADA) announced its quarterly earnings data on Monday, March, 25th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.09. The firm earned $381.95 million during the quarter, compared to analyst estimates of $436.80 million. Dada Nexus had a negative trailing twelve-month return on equity of 14.06% and a negative net margin of 22.62%.
What other stocks do shareholders of Dada Nexus own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Dada Nexus investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Abbott Laboratories (ABT), CVS Health (CVS), Fastly (FSLY), RTX (RTX), Thermo Fisher Scientific (TMO) and Salesforce (CRM).
When did Dada Nexus IPO?: Dada Nexus (DADA) raised $264 million in an initial public offering (IPO) on Friday, June 5th 2020. The company issued 16,500,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs (Asia), BofA Securities and Jefferies served as the underwriters for the IPO.
How do I buy shares of Dada Nexus?: Shares of DADA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DADA) was last updated on 4/19/2024 by MarketBeat.com Staff

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