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How to Buy Dada Nexus Stock

Dada Nexus Ltd

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China.

Dada Nexus stock last closed at $2.10, down 0.94% from the previous day, and has decreased 73.62% in one year. It has underperformed other stocks in the Internet Retail industry by 0.93 percentage points. Dada Nexus stock is currently +54.98% from its 52-week low of $1.36, and -76.46% from its 52-week high of $8.92.

At the moment, there are 1.05B shares of DADA outstanding. The market capitalization of DADA is $551.08M. In the past 24 hours, 1.59M DADA shares were traded.

How to Buy Dada Nexus Stock

Not sure how to invest in Dada Nexus stock? Here's how.
  1. Choose where to buy Dada Nexus stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Dada Nexus stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your method of payment and add your details.
  4. Analyze Dada Nexus stock: The Dada Nexus ticker symbol is DADA. Is Dada Nexus stock a good investment? Should you buy shares of DADA? How do DADA's underlying business fundamentals look? Do top analysts think Dada Nexus is a good buy? Why has DADA's stock price moved recently? (Hint: Our stock market research tools can help you understand if DADA is a good stock to buy).
  5. Place your DADA buy order: Decide if you will purchase DADA shares at the current market price or use a limit order to buy DADA stock at a given price.
  6. Get key alerts regarding your DADA investment: Create a watchlist to important updates regarding your position in Dada Nexus stock.

Step 1: Choose where to buy Dada Nexus stock

You will need an online brokerage account in order to access the NASDAQ market and buy DADA stock.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in DADA today.

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Step 3: Deposit money your investment account

Now that you have filled out your info on the best stock buying app, you can securely and quickly fund your account:

Check out this video walkthrough if you need help transferring money into your new brokerage account.

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Step 4: Analyze Dada Nexus stock

After you have identified the best place to buy Dada Nexus stock, it's absolutely critical to evaluate their stock before you buy, so you can understand the risk and upside.

Dada Nexus shares at a glance

DADA Price
$2.10
1w %
-14.63%
1y %
-73.62%
5y %
N/A
P/E
-2.01x
P/B
0.71x
P/S
0.37x
PEG
N/A
Revenue
$1.46B
Earnings
-$271.88M
Fore. Rev. Growth
29.45%
Fore. Earn. Growth
N/A
Market Cap
$551.08M
Next Earnings
May 8, 2024
Next Dividend
N/A

Dada Nexus Due Diligence Checks

WallStreetZen was created to help part-time investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on DADA's stock page.

Is DADA stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge DADA's intrinsic value.

Using relative valuations methods:

  • DADA could be undervalued based on its P/B ratio of 0.71x, relative to Internet Retail industry P/B ratio of 5.71x

You can do more valuation research on DADA's stock here.

DADA Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the DADA balance sheet.
  • Total DADA debt is lower than 5 years ago, relative to shareholder equity.
  • DADA has a low debt to equity ratio of 0.36.
  • DADA profit margin has gone up from -21.4% to -18.6% in the past year.
  • There are more short-term assets than long-term liabilities on the DADA balance sheet.

Do Wall Street analysts think it's a good time to buy Dada Nexus stock

Out of 6 Wall Street analysts who track DADA, the consensus analyst rating on DADA is a Strong Buy

Please note that analyst forecasts are not recommendations, nor are they investment advice.

Latest DADA Analyst Recommendations

Ronald Keung, a bottom 5% analyst from Goldman Sachs maintains DADA with a strong buy rating and lowers their DADA price target from $11.60 to $10.10, on Oct 25, 2023.

Qianlei Fan, an analyst from Morgan Stanley downgrades DADA to a hold rating and lowers their DADA price target from $12.30 to $4.78, on Oct 19, 2023.

You can dig deeper into what analysts are forecasting on the Dada Nexus stock forecast page.

Metrics for Advanced DADA Traders

SMA10
2.38
SMA20
2.35
SMA50
2.12
SMA100
2.68
SMA200
3.89
MACD
0.03
MACD Signal
0.07
MACD Histogram
-0.04
RSI
43.55
Stochastic %K
23.19
Stochastic %D
34.67
StochRSI %K
19.54
StochRSI %D
30.91

How is DADA performing as a company?

Last year, DADA revenue was $1.46B. During the last 5 year, DADA's revenue has grown by 39.73% per year. This was faster than the Internet Retail industry average of 26.18%.

You can analyze DADA's earnings and revenue performance here.

Are DADA insiders buying or selling the stock?

Over the past 12 months, insiders at DADA have not bought or sold any shares.

Learn more about who owns DADA stock here.

Can I get consistent income from DADA stock?

No, Dada Nexus doesn't provide an income stream by paying out dividends.

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Step 5: Place your DADA buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.

Hit the Open button and your broker will place the order.

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Step 6: Get key alerts regarding your DADA investment

Now that you own some shares in DADA, you'll want to stay up-to-date on your stock purchase.

Put DADA on a watchlist to get notified of the latest news about your DADA stock.

DADA Feed

How to Buy Stock in Dada Nexus

To reiterate, here are the 6 steps for buying Dada Nexus stock:

  1. Choose where to buy Dada Nexus stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Analyze Dada Nexus stock
  5. Place your DADA buy order
  6. Get key alerts regarding your DADA investment

If you require a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Dada Nexus, add DADA to your watchlist below.

NASDAQ: DADA
$2.10-0.02 (-0.94%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: DADA
$2.10-0.02 (-0.94%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Dada Nexus share?

As of Mar 27, 2024, it costs $2.10 to buy one share of Dada Nexus stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.476 shares of DADA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Dada Nexus stock?

According to 6 Wall Street analysts who monitor Dada Nexus, their consensus recommendation is to buy Dada Nexus stock.

What is the best way to buy Dada Nexus stock?

One way to place an order for Dada Nexus stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.