Dada Nexus (NASDAQ:DADA) issued its earnings results on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.07, Yahoo Finance reports. Dada Nexus had a negative net margin of 35.94% and a negative return on equity of 36.22%. During the same period in the previous year, the company earned ($0.25) EPS. Dada Nexus updated its Q4 2021 guidance to EPS.
DADA stock traded down $0.82 during mid-day trading on Friday, hitting $22.79. 752,431 shares of the company were exchanged, compared to its average volume of 1,291,595. The firm has a market capitalization of $5.44 billion, a P/E ratio of -14.80 and a beta of 1.27. The business has a fifty day simple moving average of $21.47 and a 200-day simple moving average of $23.52. Dada Nexus has a 12-month low of $17.57 and a 12-month high of $61.27.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dada Nexus from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley raised shares of Dada Nexus from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $35.00 to $31.60 in a research note on Wednesday, September 22nd. Finally, KeyCorp decreased their price objective on shares of Dada Nexus from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, September 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $37.12.
About Dada Nexus
Dada Nexus Limited operates platform of local on-demand retail and delivery in China. It operates JDDJ, a local on-demand retail platform for consumers, retailers, and brand owners; and Dada Now, a local on-demand delivery platform for merchants and individual senders in various industries and product categories.
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