Kaizen Capital Partners Ltd. has recently announced that it has increased stake in Dada Nexus Ltd ADR (NASDAQ:DADA) by 6.86%. After grabbing 12.28 million shares, the institutional investor is now in possession of 0.79 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.79% having worth around $37.83 million. Moreover, Baillie Gifford & Co. increased its share by 75734.0 to have a control over 7.49 million shares. And Tekne Capital Management LLC raised its holdings to 1.93 million shares by acquiring 6.49 million shares or 2.53% of the stake.
Dada Nexus Ltd ADR (DADA) concluded trading on 12/28/23 at a closing price of $3.49, with 3.04 million shares of worth about $10.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.27% during that period and on Thursday the price saw a gain of about 3.25%. Currently the company’s common shares owned by public are about 255.48M shares, out of which, 254.79M shares are available for trading.
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JPMorgan Emerging Markets Equity, JPMorgan Funds – Emerging Markets, and Baillie Gifford Overseas Growth F are the top 3 mutual funds which are holding stakes in Dada Nexus Ltd ADR JPMorgan Emerging Markets Equity is currently holding 3.13 million shares of worth totaling $9.64 million. The company recently came buying 0.0 shares which brought its stake up to 1.22% of the company’s outstanding shares. Baillie Gifford Overseas Growth F, after buying 2.5 million shares, have now control over 0.98% of the stake in the company. It holds 47000.0 shares of worth $7.69 million.
Dada Nexus Ltd ADR (NASDAQ: DADA) started trading at $3.48, above $0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 3.6698, or with a gain of 3.25%. Stock saw a price change of 15.95% in past 5 days and over the past one month there was a price change of -1.41%. Year-to-date (YTD), DADA shares are showing a performance of -49.93% which decreased to -50.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.88 but also hit the highest price of $15.59 during that period. The average intraday trading volume for Dada Nexus Ltd ADR shares is 1.16 million. The stock is currently trading 10.30% above its 20-day simple moving average (SMA20), while that difference is down -2.35% for SMA50 and it goes to -33.08% lower than SMA200.
Kaizen Capital Partners Ltd. acquired 12.28 million shares of Dada Nexus Ltd ADR having value of about $37.83 million. Data submitted at the U.S SEC by Kaizen Capital Partners Ltd. revealed that the firm now holds 0.79 million shares in the company valued at close to $2751603.25, or have control over 6.86% stake in the company. Dada Nexus Ltd ADR (NASDAQ: DADA) currently have 255.48M outstanding shares and institutions hold larger chunk of about 23.56% of that. Holding of mutual funds in the company is about 14.55% while other institutional holders and individual stake holders have control over 9.63% and — of the stake respectively.
The stock has a current market capitalization of $914.41M and its 3Y-monthly beta is at 1.50. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 3.26 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DADA, volatility over the week remained 5.64% while standing at 6.18% over the month.
Analysts are in expectations that Dada Nexus Ltd ADR (DADA) stock would likely to be making an EPS of $0.09 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 97.97% while it is estimated to increase by 1673.35% in next year.
Analysts at 18 brokerage firms have issued recommendations for the Dada Nexus Ltd ADR (DADA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.33. Out of those 18 Wall Street analysts, 14 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
