Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Dada Nexus Ltd ADR (NASDAQ: DADA) closed at $1.26 in the last session, up 1.61% from day before closing price of $1.24. In other words, the price has increased by $1.61 from its previous closing price. On the day, 0.69 million shares were traded. DADA stock price reached its highest trading level at $1.32 during the session, while it also had its lowest trading level at $1.24.
Ratios:
We take a closer look at DADA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.58 and its Current Ratio is at 3.59. 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 327354272 and an Enterprise Value of -1727831424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at -0.17 whereas that against EBITDA is 2.409.
Stock Price History:
The Beta on a monthly basis for DADA is 1.34, which has changed by -0.3111111 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, DADA has reached a high of $2.83, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -11.75%, while the 200-Day Moving Average is calculated to be -18.94%.
Shares Statistics:
According to the various share statistics, DADA traded on average about 1.16M shares per day over the past 3-months and 1368380 shares per day over the past 10 days. 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 7.49% stake in the company. Shares short for DADA as of 1730332800 were 2181478 with a Short Ratio of 1.72, compared to 1727654400 on 2961760. Therefore, it implies a Short% of Shares Outstanding of 2181478 and a Short% of Float of 1.83.
