Dada Group (DADA, Financial) experienced a significant stock movement, with its price dropping by 5.14%. The shares are currently valued at $1.76 each, with a trading volume of 1.23 million shares and a turnover rate of 0.48%. The stock's volatility is noted with an amplitude of 9.71%.
In its most recent financial report, Dada Group recorded a revenue of $324 million, but posted a net loss of $39.52 million, resulting in earnings per share of -$0.15. The gross profit stood at $84.80 million. The company's price-to-earnings ratio is negative at -1.63.
Regarding institutional ratings, half of the ten participating analysts recommend buying the stock, while the other half suggest holding it, with no advisements to sell.
In the broader internet retail sector, where Dada Group operates, there was an overall decline of 0.70%. Within this sector, Ipower Inc., Liberty Interactive Corporation - Series A Qvc Group Common Stock, and Webuy Global Ltd. posted notable gains. Jeffs' Brands Ltd, Ipower Inc., and Etsy, Inc. showed significant trading activity, with turnover rates of 4.02%, 2.88%, and 1.36%, respectively. Jeffs' Brands Ltd, Ipower Inc., and Yunji exhibited substantial stock price amplitude at 25.12%, 18.83%, and 13.64%, respectively.
Dada Group is a leading Chinese company specializing in crowd-sourced delivery services. It operates two main businesses: Dada Now, an on-demand local delivery platform for last-mile services, and JD Daojia (JDDJ), an online on-demand retail platform that connects consumers with merchants through its delivery capabilities. In 2016, Dada Group merged with JD Daojia, with JD acquiring a 47.4% stake in the merged entity in exchange for its JD Daojia business. As of June 2023, JD and Walmart own 53.9% and 9.3% of Dada Group, respectively. The company competes with other logistics firms like SF Express, and in the delivery and retail sectors, it competes with companies like Didi and Meituan.
