Dada Nexus Ltd ADR [NASDAQ: DADA] gained 3.24% or 0.06 points to close at $1.91 with a heavy trading volume of 6205121 shares.
The daily chart for DADA points out that the company has recorded 5.52% gains over the past six months.
If we look at the average trading volume of 1.97M shares, DADA reached to a volume of 6205121 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $2.14 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 August 22, 2024. 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 0.04, with the Price to Sales ratio for DADA stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 1.63.
Trading performance analysis for DADA stock
Dada Nexus Ltd ADR [DADA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.53. With this latest performance, DADA shares gained by 3.24% in over the last four-week period, additionally plugging by 5.52% over the last 6 months – not to mention a drop of -6.83% 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 60.60, with the RSI for the last a single of trading hit 62.53, and the three-weeks RSI is set at 60.17 for Dada Nexus Ltd ADR [DADA]. The present Moving Average for the last 50 days of trading for this stock 1.8207, while it was recorded at 1.8680 for the last single week of trading, and 1.5323 for the last 200 days.
Dada Nexus Ltd ADR [DADA]: A deeper dive into fundamental analysis
Dada Nexus Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.27 and a Current Ratio set at 3.27.
An analysis of Institutional ownership at Dada Nexus Ltd ADR [DADA]
There are presently around $13.44%, or 13.78%% of DADA stock, in the hands of institutional investors. The top three institutional holders of DADA stocks are: VANGUARD GROUP INC with ownership of 3.43 million shares, which is approximately 1.297%. RENAISSANCE TECHNOLOGIES LLC, holding 1.72 million shares of the stock with an approximate value of $$2.17 million in DADA stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$8.28 million in DADA stock with ownership which is approximately 0.6293%.
