Shares of Dada Nexus Limited (NASDAQ:DADA – Get Free Report) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $3.66.
Several research analysts have issued reports on the stock. Daiwa America downgraded shares of Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, May 16th. Mizuho reduced their price objective on Dada Nexus from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. New Street Research reiterated a “neutral” rating and issued a $2.00 target price (down from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. Daiwa Capital Markets lowered Dada Nexus from a “buy” rating to a “neutral” rating in a report on Thursday, May 16th. Finally, The Goldman Sachs Group started coverage on Dada Nexus in a report on Thursday, April 25th. They set a “neutral” rating and a $2.10 price target for the company.
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Dada Nexus Stock Performance
DADA stock opened at $1.52 on Monday. The company’s 50 day moving average price is $1.71 and its 200 day moving average price is $2.04. The firm has a market capitalization of $402.10 million, a price-to-earnings ratio of -1.19 and a beta of 1.35. Dada Nexus has a fifty-two week low of $1.26 and a fifty-two week high of $6.83.
Dada Nexus (NASDAQ:DADA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). Dada Nexus had a negative net margin of 22.77% and a negative return on equity of 14.73%. The business had revenue of $342.43 million during the quarter, compared to analyst estimates of $427.89 million. Equities analysts forecast that Dada Nexus will post 0.22 EPS for the current fiscal year.
About Dada Nexus
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 platforms for consumers, retailers, and brand owners.
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