Dada Nexus Limited (NASDAQ: DADA) Seen Running Too Hot, Let’s Look At This More Closely


With over 0.34 million Dada Nexus Limited (DADA) shares trading Friday and a closing price of $23.15 on the day, the dollar volume was approximately $7.79 million. The shares have shown a positive weekly performance of 1.00% and its price on 07/31/20 lost nearly -0.39%. Currently, there are 250.77M common shares owned by the public and among those 220.13M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for DADA have a consensus price objective of $167.75. The analysts have set the share’s price value over the next 12 months at a high of $226.19 and a low of $137.83 should the stock experience a downside. Incidentally, analysts’ outlook for the Dada Nexus Limited stock is 2.00 for the next 12 months. The average price target is -9.3% below its last price level and a downside to the estimated low will see the stock gain 83.2% over that period. But an upside of 89.77% will see the stock hit the forecast high price target while mean target price for the stock is $155.71.

The top 3 mutual fund holders in Dada Nexus Limited are ProShares Online Retail ETF, ProShares Long Online/Short Store, and VT III Vantagepoint Emerging Mark. ProShares Online Retail ETF owns 0.11 million shares of the company’s stock, all valued at over $2.42 million. The company bought an additional 281.0 shares recently to bring their total holdings to about 0.05% of the shares outstanding. ProShares Long Online/Short Store bought 1194.0 shares to see its total holdings expand to 0.1 million shares valued at over $2.29 million and representing 0.05% of the shares outstanding. VT III Vantagepoint Emerging Mark bought 86800.0 shares to bring its total holdings to over 86800.0 shares at a value of $1.94 million. VT III Vantagepoint Emerging Mark now owns shares totaling to 0.04% of the shares outstanding.

Shares of Dada Nexus Limited (NASDAQ: DADA) opened at $23.07, down -$0.17 from a prior closing price of $23.24. However, the script later closed the day at $23.15, down -0.39%. It has a 12-month low price of $14.60 and touched a high of $34.94 over the same period. Currently, 0.34 million shares have been traded, compared to an average intraday trading volume of 1.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.13%, 0.06%, and 0.06% respectively.

Institutional ownership of Dada Nexus Limited (NASDAQ: DADA) 250.77M shares outstanding. Mutual fund holders own -0.18%, while other institutional holders and individual stakeholders account for 0.18% and — respectively.

It has a market capitalization of $5.81B. The earnings-per-share (ttm) stands at -$1.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.75% over the week and 8.80% over the month.

Analysts forecast that Dada Nexus Limited (DADA) will achieve an EPS of -$0.17 for the current quarter, -$0.22 for the next quarter and -$0.49 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.17 while analysts give the company a high EPS estimate of -$0.17. Earnings per share for the fiscal year are expected to decrease by -3.10%, and 44.40% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Dada Nexus Limited (DADA) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the DADA, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on June 30, 2020, with the firm’s price target at $22.


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