Dada Nexus (NASDAQ:DADA) Issues Quarterly Earnings Results

Dada Nexus (NASDAQ:DADA) released its earnings results on Wednesday. The company reported ($0.03) EPS 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 Price Performance

NASDAQ:DADA opened at $1.90 on Thursday. The company has a market cap of $492.41 million, a price-to-earnings ratio of -1.71 and a beta of 1.40. Dada Nexus has a 1 year low of $1.04 and a 1 year high of $2.83. The stock’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $1.53.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho decreased their price objective 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. Citigroup decreased their price target on Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.50.

About Dada Nexus

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.