Dada Nexus (NASDAQ:DADA) Issues Quarterly 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 Stock Up 2.2 %

NASDAQ:DADA traded up $0.04 during midday trading on Wednesday, reaching $1.90. The stock had a trading volume of 930,569 shares, compared to its average volume of 1,793,575. The firm has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.53. Dada Nexus has a 12-month low of $1.04 and a 12-month high of $2.83. The stock has a market cap of $492.41 million, a P/E ratio of -1.71 and a beta of 1.41.

Wall Street Analyst Weigh In

DADA has been the topic of a number of research reports. Citigroup lowered their target price on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Mizuho lowered their target price on shares of 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Dada Nexus 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.