Dada Nexus (NASDAQ:DADA) Downgraded by Zacks Investment Research to Sell

Dada Nexus stock has undergone multiple analysts rating changes in the recent past.  Dada Nexus Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Dada Nexus traded up $0.06 on Tuesday, reaching $20.19. 0 shares of the stock traded hands, compared to its average volume of 1114146. Shares of Dada Nexus were trading at $20.19 on Tuesday. The firm’s 50 day moving average is $21.37 and its 200 day moving average is $28.55.Dada Nexus has a 12 month low of $20.05 and a 12 month high of $61.27. While on yearly highs and lows, Dada Nexus’s today has traded high as $20.79 and has touched $20.05 on the downward trend. See More Analyst Rating at: RATING

Dada Nexus Earnings and What to expect: 

Dada Nexus last released its quarterly earnings data on September 6th, 2021. The reported ($2.32) EPS for the quarter, missing the consensus estimate of ($0.41) by $1.91. Dada Nexus has generated ($1.81) earnings per share over the last year (($1.52) diluted earnings per share). Earnings for Dada Nexus are expected to grow in the coming year, from ($1.63) to ($0.79) per share. Dada Nexus has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 18th, 2021 based off prior year’s report dates.

Earnings for Dada Nexus are expected to grow in the coming year, from ($1.63) to ($0.79) per share. The P/E ratio of Dada Nexus is -13.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Dada Nexus is -13.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Dada Nexus has a P/B Ratio of 4.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Dada Nexus (NASDAQ:DADA) Moving Average Technical Analysis

5 day Moving Average is $20.01 And 5 day price change is $1.36 (7.22%)  with average volume for 5 day average is 554,540. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $20.28 and 20 day price change is $0.68 (3.49%) and average 20 day moving volume is 940,240. 50 day moving average is $21.37  and 50 day price change is -$1.58 ( -7.26%)  and with average volume for 50 days is : 1,028,752. 200 day moving average is $28.55  and 200 day price change is -$17.29 (-46.13%)  and with average volume for 200 days is : 1,378,646.

Other owners latest trading in Dada Nexus :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 19,535 which equates to market value of $0.57M and appx 0.00% owners of Dada Nexus
  • On 8/23/2021 shares held by Morgan Stanley were 233,122 which equates to market value of $6.76M and appx 0.00% owners of Dada Nexus
  • On 8/17/2021 shares held by Invesco Ltd. were 712,481 which equates to market value of $20.67M and appx 0.00% owners of Dada Nexus
  • In total Institutional ownership equates to Institutional Ownership Percentage: 22.12% for Dada Nexus

See More Analyst Rating at: RATING