Dada Nexus Ltd ADR (NASDAQ: DADA) stock jumped 1.02% on Friday to $3.95 against a previous-day closing price of $3.91. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.04 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.0200 whereas the lowest price it dropped to was $3.8993. The 52-week range on DADA shows that it touched its highest point at $15.59 and its lowest point at $3.38 during that stretch. It currently has a 1-year price target of $7.38. Beta for the stock currently stands at 1.67.
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 7.92%, but this was up by 7.92% over a month. Three-month performance dropped to -23.45% while six-month performance fell -29.72%. The stock lost -23.15% in the past year, while it has lost -43.33% so far this year. A look at the trailing 12-month EPS for DADA yields -0.58 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.07. This implies an EPS growth rate of 98.45% for this year and 2391.43% for next year.
Float and Shares Shorts:
At present, 255.48 million DADA shares are outstanding with a float of 254.79 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.54 million, which was 1.38% higher than short shares on Sep 28, 2023. In addition to Mr. Huijian He as the firm’s President & Director, Mr. Zhaoming Chen serves as its Chief Financial Officer.
Institutional Ownership:
Other institutions hold 9.37% of DADA, in contrast to 14.80% held by mutual funds. As the largest shareholder in DADA with 4.79% of the stake, Kaizen Capital Partners Ltd. holds 12,281,623 shares worth 12,281,623. A second-largest stockholder of DADA, Baillie Gifford & Co., holds 7,489,745 shares, controlling over 2.92% of the firm’s shares. JPMorgan Investment Management, I is the third largest shareholder in DADA, holding 6,686,733 shares or 2.61% stake. With a 1.22% stake in DADA, the JPMorgan Emerging Markets Equity is the largest stakeholder. A total of 3,128,389 shares are owned by the mutual fund manager. The JPMorgan Funds – Emerging Markets, which owns about 1.03% of DADA stock, is the second-largest Mutual Fund holder. It holds 2,645,137 shares valued at 10.16 million. Baillie Gifford Overseas Growth F holds 0.96% of the stake in DADA, owning 2,451,000 shares worth 9.41 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DADA since 0 analysts follow the stock currently. 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 $108.60 and a low target of $28.24, the average target price over the next 12 months is $53.94. Based on these targets, DADA could surge 2649.37% to reach the target high and rise by 614.94% to reach the target low. Reaching the average price target will result in a growth of 1265.57% from current levels.
