If You’re Not Bullish On Dada Nexus Limited (NASDAQ: DADA) Now, You’ll Kick Yourself Later

Dada Nexus Limited (NASDAQ:DADA) price closed higher on Tuesday, March 22, jumping 14.04% above its previous close.

A look at the daily price movement shows that the last close reads $8.76, with intraday deals fluctuated between $9.29 and $10.36. Taking into account the 52-week price action we note that the stock hit a 52-week high of $33.40 and 52-week low of $5.00. The stock added 1.11% on its value in the past month.

Dada Nexus Limited, which has a market valuation of $2.10 billion, is expected to release its quarterly earnings report Mar 07, 2022 – Mar 11, 2022. Analysts tracking DADA have forecast the quarterly EPS to shrink by -0.34 per share this quarter, while the same analysts predict the annual EPS to hit -$1.38 for the year 2022 and up to -$0.51 for 2022. In this case, analysts estimate an annual EPS growth of 4.20% for the year and 63.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $318.55 million, with the likely lows of $314.29 million and highs of $324.22 million. The average estimate suggests sales growth for the quarter will likely rise by 1.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.07 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 20.00% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DADA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that DADA’s price is at present 26.54% off the SMA20 and 4.03% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.36, with weekly volatility standing at 14.39%. The indicator jumps to 13.96% when calculated based on the past 30 days. Dada Nexus Limited (NASDAQ:DADA)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.20.

Turning out attention to how the Dada Nexus Limited stock has performed in comparison to its peers in the industry, here’s what we find: DADA’s stock is 14.04% on the day and -68.69% in the past 12 months. Also, JD.com Inc. (JD) showed up trend of 5.35% while its price kept floating at -22.49% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 1.13% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.74%.

An analysis of the Dada Nexus Limited (NASDAQ:DADA) stock in terms of its daily trading volume indicates that the 3-month average is 1.47 million.

Current records show that the company has 235.65M in outstanding shares. The insiders’ percentage holdings are 3.05% of outstanding shares while the percentage share held by institutions stands at 25.70%. But the -24.09% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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