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Dada Nexus Limited (NASDAQ:DADA) Slides -9.43 Percent In Recent Trade, What Can We Expect Next?

Dada Nexus Limited (NASDAQ:DADA) traded at $4.39 at last check on Tuesday, November 22, made a downward move of -9.43% on its previous day’s price.

Looking at the stock we see that its previous close was $4.85 and the beta (5Y monthly) reads 0.94 with the day’s price range being $4.845 – $5.28. In terms of its 52-week price range, DADA has a high of $24.08 and a low of $2.98. The company’s stock has gained about 25.32% over that past 30 days.

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Dada Nexus Limited has a market cap of $1.30 billion and is expected to release its quarterly earnings report on Nov 21, 2022 – Nov 25, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.17, with the EPS growth for the year raised at -$0.79 for 2022 and $0.25 for next year. These figures represent 40.60% and 131.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $331.85 million, with a low of $330.07 million and a high of $335.52 million. The median projection represents growth squeezing down to 30.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.31 billion, or 27.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DADA stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Dada Nexus Limited (DADA) stock as a Hold, while 15 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 13.36% off its SMA20 and -0.25% from its 50-day simple moving average. The RSI (14) is pointing at 51.33 while the volatility over the past week is 11.31% and jumps to 10.31% over the past one month. The average price target for the stock over the next 12 months is $76.98, with the estimates having a low of $40.83 and a high of $142.57. These price ends are -830.07% and -3147.61% off the today’s price level respectively, although investors could be excited at the prospect of a -1372.67% if the DADA share price touches on the median price of $64.65.

Let’s briefly compare Dada Nexus Limited (DADA) stock to its peers. We find that today’s price change of -9.43% and -79.34% over the past 12 months for DADA. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.

Coming back to Dada Nexus Limited (NASDAQ:DADA), we note that the average 3-month trading volume was 925.04K, while that of the preceding 10-day period stands at 1.24 million. Current shares outstanding are 257.23 million.

The insiders hold 2.71% of the company’s shares while institutions hold 18.40%. The data shows that short shares as of Oct 13, 2022, stood at 2.12 million at a short ratio of 2.94. This represents a 0.82% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 2.32 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -63.15% down in year-to-date price movement.

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