A new trading data show Dada Nexus Limited (DADA) is showing positive returns.

Dada Nexus Limited (NASDAQ: DADA) stock jumped 3.60% on Monday to $14.69 against a previous-day closing price of $14.18. With 2.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.95 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $14.97 whereas the lowest price it dropped to was $14.18. The 52-week range on DADA shows that it touched its highest point at $15.29 and its lowest point at $2.98 during that stretch. It currently has a 1-year price target of $13.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DADA was up-trending over the past week, with a rise of 4.93%, but this was up by 101.51% over a month. Three-month performance surged to 288.62% while six-month performance rose 96.13%. The stock gained 28.30% in the past year, while it has gained 110.76% so far this year. A look at the trailing 12-month EPS for DADA yields -1.34 with Next year EPS estimates of 0.22. For the next quarter, that number is -0.12. This implies an EPS growth rate of 16.60% for this year and 127.20% for next year.


Float and Shares Shorts:

At present, 257.23 million DADA shares are outstanding with a float of 248.56 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.12 million, which was 0.82% higher than short shares on Sep 14, 2022. In addition to Mr. Huijian He as the firm’s Pres & Director, Mr. Jun Yang serves as its Co-Founder & CTO.

Institutional Ownership:

Through their ownership of 20.36% of DADA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.09% of DADA, in contrast to 7.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DADA with 2.87% of the stake, JPMorgan Investment Management, I holds 7,431,736 shares worth 7,431,736. A second-largest stockholder of DADA, Rovida Advisors, Inc., holds 4,613,268 shares, controlling over 1.78% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in DADA, holding 4,545,973 shares or 1.76% stake. With a 1.34% stake in DADA, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 3,477,993 shares are owned by the mutual fund manager. The JPMorgan Emerging Markets Equity, which owns about 1.32% of DADA stock, is the second-largest Mutual Fund holder. It holds 3,421,741 shares valued at 23.85 million. JPMorgan Funds – Emerging Markets holds 1.17% of the stake in DADA, owning 3,033,709 shares worth 21.14 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DADA since 14 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DADA analysts setting a high price target of $134.21 and a low target of $40.83, the average target price over the next 12 months is $98.82. Based on these targets, DADA could surge 813.61% to reach the target high and rise by 177.94% to reach the target low. Reaching the average price target will result in a growth of 572.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DADA will report FY 2022 earnings on 03/06/2024. Analysts have provided yearly estimates in a range of -$4.97 being high and -$5.73 being low. For DADA, this leads to a yearly average estimate of -$5.46. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Dada Nexus Limited surprised analysts by $0.03 when it reported -$0.15 EPS against a consensus estimate of -$0.18. The surprise factor in the prior quarter was $0.18. Based on analyst estimates, the high estimate for the next quarter is -$0.75 and the low estimate is -$0.93. The average estimate for the next quarter is thus -$0.86.

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