Let’s look at the key reasons that are pushing Dada Nexus Ltd ADR (DADA) to new highs

Dada Nexus Ltd ADR (NASDAQ: DADA) on Tuesday, soared 21.70% from the previous trading day, before settling in for the closing price of $1.06. Within the past 52 weeks, DADA’s price has moved between $1.04 and $4.98.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 41.02%. The company achieved an average annual earnings per share of -612.28%. With a float of $256.92 million, this company’s outstanding shares have now reached $264.08 million.

Let’s determine the extent of company efficiency that accounts for 2376 employees. In terms of profitability, gross margin is 29.93%, operating margin of -22.18%, and the pretax margin is -20.86%.

Dada Nexus Ltd ADR (DADA) Breakdown of a Key Holders of the stock

Observing investor behavior towards Internet Retail industry stocks is more important than anything else. The insider ownership of Dada Nexus Ltd ADR is 2.71%, while institutional ownership is 14.61%.

Dada Nexus Ltd ADR (DADA) Recent Fiscal highlights

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0 earnings per share (EPS) for the period topping the consensus outlook (set at -0.01) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -612.28% per share during the next fiscal year.

Dada Nexus Ltd ADR (NASDAQ: DADA) Trading Performance Indicators

Dada Nexus Ltd ADR (DADA) is currently performing well based on its current performance indicators. A quick ratio of 3.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.09, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.27 in one year’s time.

Technical Analysis of Dada Nexus Ltd ADR (DADA)

Looking closely at Dada Nexus Ltd ADR (NASDAQ: DADA), its last 5-days average volume was 1.53 million, which is a drop from its year-to-date volume of 2.19 million. As of the previous 9 days, the stock’s Stochastic %D was 47.81%. Additionally, its Average True Range was 0.07.

During the past 100 days, Dada Nexus Ltd ADR’s (DADA) raw stochastic average was set at 21.01%, which indicates a significant decrease from 96.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.82% in the past 14 days, which was higher than the 65.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2689, while its 200-day Moving Average is $1.9058. However, in the short run, Dada Nexus Ltd ADR’s stock first resistance to watch stands at $1.3367. Second resistance stands at $1.3833. The third major resistance level sits at $1.4667. If the price goes on to break the first support level at $1.2067, it is likely to go to the next support level at $1.1233. Now, if the price goes above the second support level, the third support stands at $1.0767.

Dada Nexus Ltd ADR (NASDAQ: DADA) Key Stats

Market capitalization of the company is 340.66 million based on 264,536K outstanding shares. Right now, sales total 1,480 M and income totals -275,720 K. The company made 324,520 K in profit during its latest quarter, and -39,530 K in sales during its previous quarter.