Dada Nexus (NASDAQ:DADA) Posts Earnings Results

Dada Nexus (NASDAQ:DADA) announced its quarterly earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, Zacks reports. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%.

Dada Nexus Trading Up 2.2 %

Shares of NASDAQ:DADA opened at $1.90 on Thursday. The company has a market capitalization of $492.41 million, a PE ratio of -1.71 and a beta of 1.40. Dada Nexus has a 12-month low of $1.04 and a 12-month high of $2.83. The business’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.53.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DADA. Mizuho decreased their price target on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Citigroup decreased their price target on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating for the company in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Dada Nexus currently has a consensus rating of “Hold” and an average target price of $2.50.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.