Should I buy or sell Dada Nexus stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DADA shares. View DADA analyst ratings or view top-rated stocks .

What is Dada Nexus' stock price target for 2024?

5 equities research analysts have issued 12 month target prices for Dada Nexus' stock. Their DADA share price targets range from $4.60 to $18.00. On average, they predict the company's stock price to reach $9.89 in the next twelve months. This suggests a possible upside of 218.9% from the stock's current price. View analysts price targets for DADA or view top-rated stocks among Wall Street analysts .

How have DADA shares performed in 2023?

Dada Nexus' stock was trading at $6.97 at the beginning of 2023. Since then, DADA stock has decreased by 55.5% and is now trading at $3.10. View the best growth stocks for 2023 here .

Are investors shorting Dada Nexus?

Dada Nexus saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 3,180,000 shares, a decline of 10.2% from the October 31st total of 3,540,000 shares. Based on an average daily trading volume, of 979,000 shares, the days-to-cover ratio is presently 3.2 days. View Dada Nexus' Short Interest .

When is Dada Nexus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024. View our DADA earnings forecast .

How were Dada Nexus' earnings last quarter?

Dada Nexus Limited (NASDAQ:DADA) issued its quarterly earnings data on Tuesday, November, 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The company earned $396.15 million during the quarter, compared to the consensus estimate of $390.09 million. Dada Nexus had a negative net margin of 14.16% and a negative trailing twelve-month return on equity of 13.84%.

What ETFs hold Dada Nexus' stock?

ETFs with the largest weight of Dada Nexus (NASDAQ:DADA) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH) , Harbor Disruptive Innovation ETF (INNO) , Amplify Online Retail ETF (IBUY) and Invesco China Technology ETF (CQQQ) . Invesco Golden Dragon China ETF (PGJ) .

What guidance has Dada Nexus issued on next quarter's earnings?

Dada Nexus updated its fourth quarter 2023 earnings guidance on Wednesday, November, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $414.66 million-$456.13 million, compared to the consensus revenue estimate of $443.24 million.

What other stocks do shareholders of Dada Nexus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dada Nexus investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Home Depot (HD) , Abbott Laboratories (ABT) , CVS Health (CVS) , Fastly (FSLY) , RTX (RTX) , Thermo Fisher Scientific (TMO) and Salesforce (CRM) .

When did Dada Nexus IPO?

(DADA) raised $264 million in an initial public offering on Friday, June 5th 2020. The company issued 16,500,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs (Asia), BofA Securities and Jefferies served as the underwriters for the IPO.

Who are Dada Nexus' major shareholders?

Dada Nexus' stock is owned by many different retail and institutional investors. Top institutional shareholders include Kaizen Capital Partners Ltd (4.69%), JPMorgan Chase & Co. (3.29%), Baillie Gifford & Co. (2.86%), Aviva PLC (0.55%), Federated Hermes Inc. (0.46%) and Lansdowne Partners UK LLP (0.25%).

How do I buy shares of Dada Nexus?

Shares of DADA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Dada Nexus Stock Price, News & Analysis (NASDAQ:DADA)

$3.06

-0.05 (-1.61%)

(As of 01:03 PM ET)

Compare

Today's Range: $3.05
▼
$3.11
50-Day Range: $3.08
▼
$4.66
52-Week Range: $2.98
▼
$15.59

Volume: 380,176 shs
Average Volume: 1.59 million shs
Market Capitalization: $801.75 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.89

Dada Nexus MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 218.9% Upside
$9.89 Price Target
Short Interest: Healthy
1.21% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.11) to $0.09 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Business Services Sector

83rd out of 254 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

18th out of 43 stocks

3.3

Analyst's Opinion

Consensus Rating
Dada Nexus has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.89, Dada Nexus has a forecasted upside of 218.9% from its current price of $3.10.
Amount of Analyst Coverage
Dada Nexus has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.21% of the outstanding shares of Dada Nexus have been sold short.
Short Interest Ratio / Days to Cover
Dada Nexus has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Dada Nexus has recently decreased by 10.17%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Dada Nexus does not currently pay a dividend.
Dividend Growth
Dada Nexus does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DADA.

3.0

News and Social Media Coverage

News Sentiment
Dada Nexus has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Dada Nexus this week, compared to 1 article on an average week.
Search Interest
3 people have searched for DADA on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Dada Nexus to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dada Nexus insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.50% of the stock of Dada Nexus is held by insiders.
Percentage Held by Institutions
Only 23.88% of the stock of Dada Nexus is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Dada Nexus are expected to grow in the coming year, from ($0.11) to $0.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dada Nexus is -3.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dada Nexus is -3.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Dada Nexus has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Dada Nexus Stock (NASDAQ:DADA)

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 platform for consumers, retailers, and brand owner. The company was incorporated in 2014 and is headquartered in Shanghai, the People's Republic of China.

DADA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DADA Stock News Headlines

December 2, 2023 | finance.yahoo.com

Dada Nexus Limited: Dada Nexus: Emerging Platform but Mired in Heavy Competition; Initiating With $4 Fair Value Estimate

November 17, 2023 | realmoney.thestreet.com

Dada Nexus initiated with an Outperform at CLSA

December 8, 2023 | Edge On The Street (Ad)

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The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.

November 16, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Dada Nexus (DADA), Hibbett Sports (HIBB) and JD (JD)

November 16, 2023 | finanznachrichten.de

Dada Nexus Limited: Dada Announces Unaudited Third Quarter 2023 Financial Results

November 15, 2023 | finance.yahoo.com

Q3 2023 Dada Nexus Ltd Earnings Call

November 15, 2023 | finance.yahoo.com

Dada Nexus Limited (NASDAQ:DADA) Q3 2023 Earnings Call Transcript

November 14, 2023 | msn.com

Dada Nexus GAAP EPS of -RMB0.16, revenue of RMB2.87B

December 8, 2023 | Edge On The Street (Ad)

U.S. Military Defense Fails Without Vanadium?

November 8, 2023 | finance.yahoo.com

Dada to Announce Unaudited Third Quarter 2023 Financial Results on November 14, 2023

November 5, 2023 | morningstar.com

Dada Nexus Ltd ADR DADA

October 31, 2023 | msn.com

Dada Nexus: Lack Of Catalysts Notwithstanding, Appealing Valuations

October 27, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Motorola Solutions (MSI) and Dada Nexus (DADA)

October 26, 2023 | benzinga.com

Dada Nexus Stock (NASDAQ:DADA), Analyst Ratings, Price Targets, Predictions

October 26, 2023 | msn.com

Goldman Sachs Maintains Dada Nexus Ltd - ADR (DADA) Buy Recommendation

October 21, 2023 | msn.com

Morgan Stanley Downgrades Dada Nexus Ltd - ADR (DADA)

October 19, 2023 | msn.com

Dada Nexus dips after Morgan Stanley lowers rating, price target on macro headwinds

September 30, 2023 | uk.finance.yahoo.com

Dada Nexus Limited (DADA) stock historical prices & data – Yahoo Finance

September 24, 2023 | finance.yahoo.com

Market Sentiment Around Loss-Making Dada Nexus Limited (NASDAQ:DADA)

August 22, 2023 | insidermonkey.com

Dada Nexus Limited (NASDAQ:DADA) Q2 2023 Earnings Call Transcript

August 21, 2023 | benzinga.com

Dada Nexus Rides To Profits, But Tamps Down High Expectations

August 21, 2023 | seekingalpha.com

Dada Nexus: Mixed Results And Unexciting Outlook

August 17, 2023 | finance.yahoo.com

We're Not Worried About Dada Nexus' (NASDAQ:DADA) Cash Burn

August 16, 2023 | finance.yahoo.com

Q2 2023 Dada Nexus Ltd Earnings Call

August 16, 2023 | finanznachrichten.de

Dada Nexus Limited: Dada Announces Unaudited Second Quarter 2023 Financial Results

August 16, 2023 | markets.businessinsider.com

Dada Nexus Posts Q2 Bottomline Above Street View

August 16, 2023 | msn.com

Dada Nexus Non-GAAP EPS of RMB 0.01, revenue of RMB 2.81B; initiates Q3 outlook

See More Headlines

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Company Calendar

Last Earnings: 11/14/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:DADA
CUSIP: N/A
CIK: 1793862
Web: about.imdada.cn
Phone: 86-21-3165-7167
Fax: N/A
Employees: 2,631
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.89
High Stock Price Target: $18.00
Low Stock Price Target: $4.60
Potential Upside/Downside: +223.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.83)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-291,130,000.00
Net Margins: -14.16%
Pretax Margin: -9.46%
Return on Equity: -13.84%
Return on Assets: -10.98%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.26
Quick Ratio: 3.26

Sales & Book Value

Annual Sales: $10.45 billion
Price / Sales: 0.08
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.97 per share
Price / Book: 0.77

Miscellaneous

Outstanding Shares: 262,011,000
Free Float: 239,740,000
Market Cap: $801.75 million
Optionable: Not Optionable
Beta: 1.48

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Key Executives

Mr. Huijian He (Age 41)
President & Director
Mr. Zhaoming Chen (Age 40)
Chief Financial Officer
Ms. Caroline Dong
Head of Investor Relations
Colleen A. De Vries
Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DADA Stock Analysis - Frequently Asked Questions

Should I buy or sell Dada Nexus stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DADA shares.
View DADA analyst ratings or view top-rated stocks.
What is Dada Nexus' stock price target for 2024?: 5 equities research analysts have issued 12 month target prices for Dada Nexus' stock. Their DADA share price targets range from $4.60 to $18.00. On average, they predict the company's stock price to reach $9.89 in the next twelve months. This suggests a possible upside of 218.9% from the stock's current price.
View analysts price targets for DADA or view top-rated stocks among Wall Street analysts.
How have DADA shares performed in 2023?: Dada Nexus' stock was trading at $6.97 at the beginning of 2023. Since then, DADA stock has decreased by 55.5% and is now trading at $3.10.
View the best growth stocks for 2023 here.
Are investors shorting Dada Nexus?: Dada Nexus saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 3,180,000 shares, a decline of 10.2% from the October 31st total of 3,540,000 shares. Based on an average daily trading volume, of 979,000 shares, the days-to-cover ratio is presently 3.2 days.
View Dada Nexus' Short Interest.
When is Dada Nexus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our DADA earnings forecast.
How were Dada Nexus' earnings last quarter?: Dada Nexus Limited (NASDAQ:DADA) issued its quarterly earnings data on Tuesday, November, 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The company earned $396.15 million during the quarter, compared to the consensus estimate of $390.09 million. Dada Nexus had a negative net margin of 14.16% and a negative trailing twelve-month return on equity of 13.84%.

What ETFs hold Dada Nexus' stock?: ETFs with the largest weight of Dada Nexus (NASDAQ:DADA) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH), Harbor Disruptive Innovation ETF (INNO), Amplify Online Retail ETF (IBUY) and Invesco China Technology ETF (CQQQ).Invesco Golden Dragon China ETF (PGJ).
What guidance has Dada Nexus issued on next quarter's earnings?: Dada Nexus updated its fourth quarter 2023 earnings guidance on Wednesday, November, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $414.66 million-$456.13 million, compared to the consensus revenue estimate of $443.24 million.
What other stocks do shareholders of Dada Nexus own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Dada Nexus investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Abbott Laboratories (ABT), CVS Health (CVS), Fastly (FSLY), RTX (RTX), Thermo Fisher Scientific (TMO) and Salesforce (CRM).
When did Dada Nexus IPO?: (DADA) raised $264 million in an initial public offering on Friday, June 5th 2020. The company issued 16,500,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs (Asia), BofA Securities and Jefferies served as the underwriters for the IPO.
Who are Dada Nexus' major shareholders?: Dada Nexus' stock is owned by many different retail and institutional investors. Top institutional shareholders include Kaizen Capital Partners Ltd (4.69%), JPMorgan Chase & Co. (3.29%), Baillie Gifford & Co. (2.86%), Aviva PLC (0.55%), Federated Hermes Inc. (0.46%) and Lansdowne Partners UK LLP (0.25%).
How do I buy shares of Dada Nexus?: Shares of DADA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:DADA) was last updated on 12/8/2023 by MarketBeat.com Staff

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