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The closing price of Dada Nexus Ltd ADR (NASDAQ: DADA) was $2.05 for the day, down -5.53% from the previous closing price of $2.17. In other words, the price has decreased by -$5.53 from its previous closing price. On the day, 1.69 million shares were traded. DADA stock price reached its highest trading level at $2.21 during the session, while it also had its lowest trading level at $2.04.
Ratios:
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 3.02 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On March 06, 2024, New Street Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $15 to $2.
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 576857664 and an Enterprise Value of -1267016704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at -0.121 whereas that against EBITDA is 1.997.
Stock Price History:
Over the past 52 weeks, DADA has reached a high of $7.03, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -4.72%, while the 200-Day Moving Average is calculated to be -39.60%.
Shares Statistics:
DADA traded an average of 1.89M shares per day over the past three months and 1877380 shares per day over the past ten days. A total of 264.08M shares are outstanding, with a floating share count of 256.96M. Insiders hold about 2.70% of the company’s shares, while institutions hold 18.49% stake in the company. Shares short for DADA as of 1713139200 were 2894385 with a Short Ratio of 1.53, compared to 1710460800 on 3921831. Therefore, it implies a Short% of Shares Outstanding of 2894385 and a Short% of Float of 2.34.
