Dada Nexus Ltd ADR [NASDAQ: DADA] stock went on a downward path that fall over -11.45% on Thursday, amounting to a one-week price decrease of less than -11.45%.
Over the last 12 months, DADA stock dropped by -77.48%. The one-year Dada Nexus Ltd ADR stock forecast points to a potential upside of 43.69. The average equity rating for DADA stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $306.33 million, with 264.08 million shares outstanding and 256.92 million shares in the current float. Compared to the average trading volume of 1.26M shares, DADA stock reached a trading volume of 2341535 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Dada Nexus Ltd ADR [DADA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DADA shares is $2.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DADA stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Daiwa Securities have made an estimate for Dada Nexus Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Aug-23-24. While these analysts kept the previous recommendation, Citigroup raised their target price from $1 to $1.50. The new note on the price target was released on August 21, 2024, representing the official price target for Dada Nexus Ltd ADR stock.
The Average True Range (ATR) for Dada Nexus Ltd ADR is set at 0.08, with the Price to Sales ratio for DADA stock in the period of the last 12 months amounting to 0.21. The Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 1.88.
DADA Stock Performance Analysis:
Dada Nexus Ltd ADR [DADA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.45. With this latest performance, DADA shares dropped by -14.07% in over the last four-week period, additionally sinking by -48.21% over the last 6 months – not to mention a drop of -77.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DADA stock in for the last two-week period is set at 35.05, with the RSI for the last a single of trading hit 30.90, and the three-weeks RSI is set at 37.18 for Dada Nexus Ltd ADR [DADA]. The present Moving Average for the last 50 days of trading for this stock 1.3710, while it was recorded at 1.3120 for the last single week of trading, and 2.1335 for the last 200 days.
Insight into Dada Nexus Ltd ADR Fundamentals:
Dada Nexus Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.17 and a Current Ratio set at 3.17.
Dada Nexus Ltd ADR [DADA] Institutonal Ownership Details
The top three institutional holders of DADA stocks are: GALILEO (PTC) LTD with ownership of 6.57 million shares, which is approximately 2.4858%. ROVIDA ADVISORS INC., holding 4.61 million shares of the stock with an approximate value of $$5.81 million in DADA stocks shares; and ROVIDA ADVISORS INC., currently with $$4.32 million in DADA stock with ownership which is approximately 1.297%.
