Dada Nexus (NASDAQ:DADA) Releases Earnings Results

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

Dada Nexus Stock Up 2.2 %

DADA traded up $0.04 during midday trading on Wednesday, hitting $1.90. The company had a trading volume of 929,769 shares, compared to its average volume of 1,793,575. The company has a market capitalization of $492.41 million, a price-to-earnings ratio of -1.71 and a beta of 1.41. The stock’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.53. Dada Nexus has a 52 week low of $1.04 and a 52 week high of $2.83.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup decreased their price target on Dada Nexus from $2.00 to $1.90 and set a “neutral” rating for the company in a report on Friday, November 15th. Mizuho cut their target price on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dada Nexus presently has an average 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.