Home Analyst Ratings Dada Nexus Initiated At Overweight by KeyBanc

Dada Nexus [DADA] Initiated At Overweight by KeyBanc

KeyBanc launched its Dada Nexus [DADA] rating to the equivalent of Overweight and assigned the price target of $55.0, in a research note dated 2021-01-07. That figure represents around a 37.84% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Goldman’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in mid November. Meanwhile, New Street had launched its coverage on DADA with “Buy”, in a research note produced for clients October 30, 2020. In addition, Daiwa Securities launched coverage on October 27, 2020. The research firm rated DADA “a Buy”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

DADA Price Performance

On Wall Street, Dada Nexus Limited [NASDAQ:DADA] finished Wednesday’s session up 3.26% at $39.90. The stock went up to $40.94 at the same session while its lowest single day price was $37.62. In the last five days, it saw a rise of about 11.33%, Dada Nexus Limited shares gained by almost 9.32% since the beginning of the year. However, the share price has dropped to as low as -34.88% below its one year high.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

DADA Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 38.03 level, and in case of violation of this particular level, it will cause more drop to 36.17 level. On the upper level, 42.81 is still the key resistance. The stock may increase to the subsequent resistance at 41.35. The Relative Strength Index (RSI) pinned on the 14-day chart is 51.39, implying a neutral technical stance while the MACD stands at 0.77, meaning price will decrease in the next trading period. Percent R indicator moved to 17.24%, implying bullish price movement. Stochastic %K at 53.59% suggest selling the stock.

What is the short interest in Dada Nexus Limited?

Short interest in the Dada Nexus Limited stock has plunged, decreasing by -2.8 million shares to total 7.34 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.54 million, data from Yahoo Finance shows. The increase of 38.15% suggests the stock saw some increased bearish sentiment.

Dada Nexus Limited’s Biggest Shareholders: Who Owns Dada Nexus Limited [DADA]?

Filings by Rovida Advisors, Inc. showed that the firm now holds a total of 5,408,311 shares or roughly 2.41% of the outstanding DADA shares. This means their shares have increased by 441,457 from the 5,408,311 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Kylin Management LLC updated stake is worth $54,858,483. Details in the latest 13F filings reveal that Rokos Capital Management LLP acquired their 67.07% stake valued at $49,985,816. During the last quarter, Rokos Capital Management LLP raised 346,292 of its shares in Dada Nexus Limited while JPMorgan Investment Management, I bought 828,460 shares. The D1 Capital Partners LLC’s holdings currently number 750,000 shares at $29925000.0. According to the firm’s last 13F report, Baillie Gifford & Co. shares in the company at filing stood at 729,694 shares, roughly $42,285,767.

DADA Earnings Forecast For The Current Quarter

Dada Nexus Limited [DADA] is expected to report earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $309.86M and an earnings per share of -$0.27 for Dec 2020. Looking further ahead, the company is expected to report revenue of $242.59M at an EPS of -$0.22 for Mar 2021. The estimates represent 59.00% and 44.10% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

DADA Earnings Estimates For The Current Year

For the financial year, Dada Nexus Limited [NASDAQ:DADA] is expected to bring in revenue of $890.78M. The returns are nearly $729.82 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -1.24. As for sales, forecasts are for an increase of 453.40% in the current fiscal year and a further 59.00% over the following year.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam