Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
| DADA Stock | USD 1.46 0.03 2.10% |
About 55% of Dada Nexus' investors are presently thinking to get in. The analysis of current outlook of investing in Dada Nexus suggests that some traders are interested regarding Dada Nexus' prospects. The current market sentiment, together with Dada Nexus' historical and current headlines, can help investors time the market. In addition, many technical investors use Dada Nexus stock news signals to limit their universe of possible portfolio assets.
Dada |
SHANGHAI, China, March 25, 2024 -- Dada Nexus Limited , Chinas leading local on-demand retail...
Read at globenewswire.com
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Dada Nexus Fundamental Analysis
We analyze Dada Nexus' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dada Nexus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dada Nexus based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Revenue
Revenue Comparative Analysis
Dada Nexus is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Dada Nexus Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dada Nexus stock to make a market-neutral strategy. Peer analysis of Dada Nexus could also be used in its relative valuation, which is a method of valuing Dada Nexus by comparing valuation metrics with similar companies.
Peers
Dada Nexus Related Equities
| VIPS | Vipshop Holdings | 1.77 | ||||
| QRTEB | Qurate Retail | 1.66 | ||||
| BABA | Alibaba Group | 0.90 | ||||
| GLBE | Global E | 0.81 | ||||
| JD | JD | 0.51 | ||||
| LQDT | Liquidity Services | 0.08 | ||||
| HOUR | Hour Loop | 0.65 | ||||
| DIBS | 1StdibsCom | 0.77 | ||||
| DTC | Solo Brands | 1.59 | ||||
| SE | Sea | 1.65 | ||||
| JMIA | Jumia Technologies | 2.01 | ||||
| PDD | PDD Holdings | 2.27 | ||||
| MELI | MercadoLibre | 2.91 | ||||
| QRTEP | Qurate Retail | 3.19 | ||||
| PRTS | CarPartsCom | 4.67 | ||||
| BZUN | Baozun | 5.56 |
Complementary Tools for Dada Stock analysis
When running Dada Nexus' price analysis, check to measure Dada Nexus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dada Nexus is operating at the current time. Most of Dada Nexus' value examination focuses on studying past and present price action to predict the probability of Dada Nexus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dada Nexus' price. Additionally, you may evaluate how the addition of Dada Nexus to your portfolios can decrease your overall portfolio volatility.
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