In the case of Dada Nexus Limited (NASDAQ: DADA), what’s next?

The closing price of Dada Nexus Limited (NASDAQ: DADA) was $14.69 for the day, up 3.60% from the previous closing price of $14.18. In other words, the price has increased by $+0.51 from its previous closing price. On the day, 2073143 shares were traded. DADA stock price reached its highest trading level at $14.97 during the session, while it also had its lowest trading level at $14.18.

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Our analysis of DADA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on May 16, 2022, Upgraded its rating to Overweight and sets its target price to $10 from $7.50 previously.

On March 14, 2022, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $7.50.

Credit Suisse Upgraded its Neutral to Outperform on March 09, 2022, whereas the target price for the stock was revised from $25 to $17.50.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.64 while its Price-to-Book (P/B) ratio in mrq is 3.47.

Stock Price History:

Over the past 52 weeks, DADA has reached a high of $15.29, while it has fallen to a 52-week low of $2.98. The 50-Day Moving Average of the stock is 7.80, while the 200-Day Moving Average is calculated to be 6.87.

Shares Statistics:

DADA traded an average of 1.95M shares per day over the past three months and 3.2M shares per day over the past ten days. A total of 257.23M shares are outstanding, with a floating share count of 248.56M. Insiders hold about 2.75% of the company’s shares, while institutions hold 19.10% stake in the company. Shares short for DADA as of Oct 13, 2022 were 2.12M with a Short Ratio of 3.81M, compared to 2.32M on Sep 14, 2022.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.2, while EPS last year was -$0.3. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.1 and low estimates of -$0.14.

Analysts are recommending an EPS of between -$0.75 and -$0.82 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is $0.25, with 9 analysts recommending between $0.57 and -$0.04.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $335.52M to a low estimate of $330.07M. As of the current estimate, Dada Nexus Limited’s year-ago sales were $254.54M, an estimated increase of 30.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $383.24M, an increase of 25.70% less than the figure of $30.40% in the same quarter last year. There is a high estimate of $395.52M for the next quarter, whereas the lowest estimate is $371.77M.

A total of 14 analysts have provided revenue estimates for DADA’s current fiscal year. The highest revenue estimate was $1.33B, while the lowest revenue estimate was $1.29B, resulting in an average revenue estimate of $1.31B. In the same quarter a year ago, actual revenue was $1.03B, up 27.50% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $1.86B in the next fiscal year. The high estimate is $2.02B and the low estimate is $1.61B. The average revenue growth estimate for next year is up 41.40% from the average revenue estimate for this year.