Technical Outlook And Game Plan For Dada Nexus Limited (NASDAQ: DADA)

Kaizen Capital Partners Ltd. has recently announced that it has increased stake in Dada Nexus Limited (NASDAQ:DADA) by 9.03%. After grabbing 7.29 million shares, the institutional investor is now in possession of 0.6 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.85% having worth around $44.21 million. Moreover, The Vanguard Group, Inc. increased its share by 21.0 to have a control over 2.06 million shares. And Renaissance Technologies LLC raised its holdings to 0.59 million shares by acquiring 1.27 million shares or 0.50% of the stake.

Dada Nexus Limited (DADA) concluded trading on 05/25/23 at a closing price of $5.13, with 1.97 million shares of worth about $10.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.20% during that period and on Thursday the price saw a loss of about -2.84%. Currently the company’s common shares owned by public are about 255.85M shares, out of which, 65.50M shares are available for trading.

JPMorgan Emerging Markets Equity, JPMorgan Funds – Emerging Markets, and KraneShares CSI China Internet ET are the top 3 mutual funds which are holding stakes in Dada Nexus Limited JPMorgan Emerging Markets Equity is currently holding 3.38 million shares of worth totaling $20.48 million. The company recently came buying 0.0 shares which brought its stake up to 1.32% of the company’s outstanding shares. KraneShares CSI China Internet ET, after selling 2.99 million shares, have now control over 1.17% of the stake in the company. It holds 56236.0 shares of worth $18.1 million.

However, the stock later moved at a day high price of 5.28, or with a loss of -2.84%. Stock saw a price change of -12.31% in past 5 days and over the past one month there was a price change of -9.20%. Year-to-date (YTD), DADA shares are showing a performance of -26.40% which decreased to -10.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.98 but also hit the highest price of $15.59 during that period. The average intraday trading volume for Dada Nexus Limited shares is 1.80 million. The stock is currently trading -12.49% below its 20-day simple moving average (SMA20), while that difference is down -23.66% for SMA50 and it goes to -30.12% lower than SMA200.

Kaizen Capital Partners Ltd. acquired 7.29 million shares of Dada Nexus Limited having value of about $44.21 million. Data submitted at the U.S SEC by Kaizen Capital Partners Ltd. revealed that the firm now holds 0.6 million shares in the company valued at close to $3100500.18, or have control over 9.03% stake in the company. Dada Nexus Limited (NASDAQ: DADA) currently have 255.85M outstanding shares and institutions hold larger chunk of about 19.10% of that. Holding of mutual funds in the company is about 12.58% while other institutional holders and individual stake holders have control over 9.48% and — of the stake respectively.

The stock has a current market capitalization of $1.37B. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 3.50 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DADA, volatility over the week remained 5.61% while standing at 7.16% over the month.

Analysts are in expectations that Dada Nexus Limited (DADA) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.90% while it is estimated to increase by 716.70% in next year.