Dada Nexus Limited (NASDAQ:DADA) concluded the trading on Thursday, Oct 15, with a rise of 2.93% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $32.75 and 5Y monthly beta was reading 0 with its price kept floating in the range of $31.60 and $34.36 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that DADA hit a high price of $36.14 and saw its price falling to a low level of $14.6 during that period. Over a period of past 1-month, stock came adding 21.87% in its value.
According to ratings assigned by 6 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Dada Nexus Limited (DADA) as a Hold, while 5 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing Dada Nexus Limited (DADA)’s stock with other industry players reveals that stock’s latest price change of +2.93% and that of 0% over the past 12 months is in competing position with that of Spotify Technology S.A. (SPOT) which saw its stock price raised by 1.53% in the recent trading and went through an increase of 124.39% in past 12-month trading. Industry’s another major player Docusign Inc (DOCU) has jumped 1.41% up in latest trading session, but over the past year has faced a rise of 258.56%, while Thomson Reuters Corp (TRI) is also up 2.93% however its price remained floating in the red at 0% over the same period. Dada Nexus Limited has a P/E ratio of 0 against that of Spotify Technology S.A.’s 0 while Docusign Inc is showing 0 for the same. On the other hand, the S&P 500 Index was down -0.15% in the early deals while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at Dada Nexus Limited (NASDAQ:DADA) provides that stock’s average daily trading volume for 3 months was 912.9 Million, while it dropped to 1.79 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 224.61 Million.