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The closing price of Dada Nexus Ltd ADR (NASDAQ: DADA) was $1.44 for the day, up 4.35% from the previous closing price of $1.38. In other words, the price has increased by $4.35 from its previous closing price. On the day, 1.6 million shares were traded. DADA stock price reached its highest trading level at $1.46 during the session, while it also had its lowest trading level at $1.35.
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 3.58 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 374119200 and an Enterprise Value of -1727831424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at -0.17 whereas that against EBITDA is 2.409.
Stock Price History:
Over the past 52 weeks, DADA has reached a high of $4.12, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -11.53%, while the 200-Day Moving Average is calculated to be -15.75%.
Shares Statistics:
DADA traded an average of 2.04M shares per day over the past three months and 1411410 shares per day over the past ten 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 8.52% stake in the company. Shares short for DADA as of 1730332800 were 2181478 with a Short Ratio of 1.07, compared to 1727654400 on 2961760. Therefore, it implies a Short% of Shares Outstanding of 2181478 and a Short% of Float of 1.83.
