Dada Nexus Limited (NASDAQ:DADA) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -8.76% to the previous day’s close as weak demand from buyers trailed the stock to $41.22.
Actively observing the price movement in the last trading, the stock closed the session at $45.18, falling within a range of $40.81 and $45.62. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $61.27, and the low was $14.6. On the whole, DADA has fluctuated by -6.85% over the past month.
9 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 2 analyst(s), 7 recommend it as a Buy and no body called the DADA stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
A comparison of Dada Nexus Limited (DADA) with its peers suggests the former has fared considerably weaker in the market. DADA showed an intraday change of -8.76% in last session, and over the past year, it dropped by 0%. In comparison, Spotify Technology S.A. (SPOT) has moved higher at +0.01% on the day and was up +132.3% over the past 12 months. On the other hand, the price of Docusign Inc (DOCU) has fallen -2.59% on the day. The stock, however, is off 251.44% from where it was a year ago. Additionally, there is a decline of -876% for Aptiv Plc (APTV) in last trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for Dada Nexus Limited, compared to 0 for Spotify Technology S.A., and 0 for Docusign Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Dada Nexus Limited (NASDAQ:DADA) indicates that the trading volumes over the past 10 days have averaged 2.59 Million and over the past 3 months, they’ve averaged 2.42 Million. According to company’s latest data on outstanding shares, there are 233.61 Million shares outstanding.
Nearly 2.79% of Dada Nexus Limited’s shares belong to company insiders and institutional investors own 15.29% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 6.14 Million shares as on December 30, 2020, resulting in a short ratio of 1.77. According to the data, the short interest in Dada Nexus Limited (DADA) stood at 2.63% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 6.34 Million. The stock has risen by +12.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DADA stock heading into the next quarter.
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