Dada Nexus Limited (NASDAQ:DADA – Get Free Report) has been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.
Several equities research analysts have recently weighed in on DADA shares. New Street Research reiterated a “neutral” rating and issued a $2.00 price target (down from $15.00) on shares of Dada Nexus in a report on Wednesday, March 6th. Daiwa Capital Markets upgraded Dada Nexus from a “neutral” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Tuesday, February 20th. Mizuho reduced their price objective on Dada Nexus from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. Finally, Citigroup downgraded Dada Nexus from a “buy” rating to a “sell” rating in a report on Monday, January 8th.
Read Our Latest Stock Report on DADA
Institutional Trading of Dada Nexus
Dada Nexus Stock Performance
Shares of NASDAQ DADA opened at $1.90 on Wednesday. The business’s 50 day moving average price is $2.15 and its 200-day moving average price is $2.84. Dada Nexus has a fifty-two week low of $1.36 and a fifty-two week high of $7.03. The company has a market cap of $497.82 million, a price-to-earnings ratio of -1.45 and a beta of 1.50.
Dada Nexus Company Profile
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.
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