Dada Nexus - DADA Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dada Nexus in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DADA shares.
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1 equities research analysts have issued 1-year target prices for Dada Nexus' stock. Their DADA share price forecasts range from $16.00 to $18.00. On average, they expect the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 113.3% from the stock's current price.
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Dada Nexus' stock was trading at $6.97 at the beginning of 2023. Since then, DADA shares have increased by 14.3% and is now trading at $7.97.
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Dada Nexus saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 2,730,000 shares, a decline of 5.9% from the February 13th total of 2,900,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is presently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 15th 2023.
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Dada Nexus Limited (NASDAQ:DADA) issued its quarterly earnings data on Tuesday, November, 23rd. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.37) by $0.07. The firm had revenue of $201.14 million for the quarter, compared to analyst estimates of $259.77 million. Dada Nexus had a negative net margin of 24.51% and a negative trailing twelve-month return on equity of 22.09%. During the same quarter last year, the business posted ($0.25) EPS.

ETFs with the largest weight of Dada Nexus (NASDAQ:DADA) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH), iShares MSCI China Small-Cap ETF (ECNS), Invesco China Technology ETF (CQQQ), KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), Emerging Markets Internet & Ecommerce ETF (EMQQ), ProShares Long Online/Short Stores ETF (CLIX) and ProShares Online Retail ETF (ONLN).

Dada Nexus issued an update on its first quarter 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $361.26 million-$389.38 million, compared to the consensus revenue estimate of $381.56 million.

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

(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.

Dada Nexus trades on the NASDAQ under the ticker symbol "DADA."

Dada Nexus' stock is owned by a variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (3.77%), Baillie Gifford & Co. (2.79%), Kaizen Capital Partners Ltd (2.62%), TT International Asset Management LTD (0.84%), Harvest Fund Management Co. Ltd (0.52%) and CI Investments Inc. (0.35%).

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.
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One share of DADA stock can currently be purchased for approximately $7.97.

Dada Nexus (NASDAQ:DADA) has a market capitalization of $2.04 billion and generates $1.39 billion in revenue each year. The company earns $-298,390,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis.

The company employs 3,132 workers across the globe.

Dada Nexus' mailing address is 22ND FLOOR NO. 1088 YANGSHUPU ROAD YANGPU DISTRICT, SHANGHAI F4, 200082. The official website for the company is about.imdada.cn. The company can be reached via phone at 86-21-3165-7167 or via email at ir@imdada.cn.