Market Update: Dada Nexus Ltd ADR (DADA) Sees Positive Movement, Closing at 1.93

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

In the latest session, Dada Nexus Ltd ADR (NASDAQ: DADA) closed at $1.93 up 1.05% from its previous closing price of $1.91. In other words, the price has increased by $1.05 from its previous closing price. On the day, 2.78 million shares were traded. DADA stock price reached its highest trading level at $1.94 during the session, while it also had its lowest trading level at $1.865.

Ratios:

For a deeper understanding of Dada Nexus Ltd ADR’s stock, let’s take a closer look at its various ratios. 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 510554464 and an Enterprise Value of -1393994112. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at -0.133 whereas that against EBITDA is 2.197.

Stock Price History:

Over the past 52 weeks, DADA has reached a high of $6.94, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -9.26%, while the 200-Day Moving Average is calculated to be -41.26%.

Shares Statistics:

For the past three months, DADA has traded an average of 1.87M shares per day and 1738490 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 22.29% stake in the company. Shares short for DADA as of 1714435200 were 2737329 with a Short Ratio of 1.47, compared to 1711584000 on 4207260. Therefore, it implies a Short% of Shares Outstanding of 2737329 and a Short% of Float of 2.21.

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