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After finishing at $1.10 in the prior trading day, Dada Nexus Ltd ADR (NASDAQ: DADA) closed at $1.04, down -5.45%. In other words, the price has decreased by -$5.45 from its previous closing price. On the day, 1.54 million shares were traded. DADA stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $1.04.
Ratios:
Our goal is to gain a better understanding of DADA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.17 and its Current Ratio is at 3.17. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On August 21, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $1 to $1.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DADA now has a Market Capitalization of 275117440 and an Enterprise Value of -2082781952. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at -0.205 whereas that against EBITDA is 2.904.
Stock Price History:
Over the past 52 weeks, DADA has reached a high of $4.98, while it has fallen to a 52-week low of $1.07. The 50-Day Moving Average of the stock is -19.86%, while the 200-Day Moving Average is calculated to be -46.81%.
Shares Statistics:
The stock has traded on average 1.22M shares per day over the past 3-months and 1149530 shares per day over the last 10 days, according to various share statistics. A total of 264.08M shares are outstanding, with a floating share count of 256.92M. Insiders hold about 2.71% of the company’s shares, while institutions hold 14.59% stake in the company. Shares short for DADA as of 1723680000 were 3876901 with a Short Ratio of 2.98, compared to 1721001600 on 3161775. Therefore, it implies a Short% of Shares Outstanding of 3876901 and a Short% of Float of 3.1300000000000003.
