Dada Group (DADA, Financial) experienced significant stock fluctuation with a 5.13% drop in its share price. The stock was priced at $1.48 with a trading volume of 1.20675 million shares, a turnover rate of 0.46%, and a price fluctuation of 3.21% at the time of reporting.
Recent financial results reveal the company earned $324 million in revenue, suffered a net loss of $39.52 million, and posted an earnings per share of -$0.15. The gross profit stood at $84.80 million, while the price-to-earnings ratio was recorded at -1.38.
Of the ten institutions analyzing Dada Group, 50% recommended buying, while the other 50% suggested holding, with no recommendations to sell. In the internet retail industry, where Dada Group operates, the overall increase was 0.26%.
Among related stocks, Jeffs' Brands Ltd, Yunji, and Kidpik Corp. marked notable gains. Jeffs' Brands Ltd, Kidpik Corp., and Meituan Technology had active trading volumes with turnover rates of 2.41%, 2.08%, and 1.84% respectively. Jeffs' Brands Ltd experienced the highest price volatility at 22.08%, followed by NFT Limited and Kidpik Corp. at 12.45% and 10.51% respectively.
Dada Group is a leading crowdsourced delivery service provider in China, with core businesses including Dada Now, an on-demand delivery platform for last-mile and intra-city services, and JD Daojia (JDDJ), an online retail platform connecting consumers with retailers. As of 2022, Dada Now generated 34% of revenue, while JDDJ accounted for the remainder. In 2016, JD.com merged with Dada, securing a 47.4% stake. As of June 2023, JD.com and Walmart held 53.9% and 9.3% of Dada Group shares, respectively. Dada competes in logistics with companies like SF Express and in on-demand retail with Meituan.
