2024-03-28 01:25:46 ET
Summary
- DADA's most recent Q4 2023 results fell short of expectations, and the findings of its latest independent review were unfavorable.
- The stock is currently valued by the market at less than 0.4 times trailing price-to-sales, and it boasts a decent +3.6% forward buyback yield.
- I rate Dada Nexus as a Hold, as there are valid reasons for DADA's depressed valuations.
Elevator Pitch
Dada Nexus Limited ( DADA ) is awarded a Hold rating.
My previous write-up published on October 31, 2023, touched on the preview of DADA's financial performance for the third quarter of last year. I draw attention to Dada Nexus' recently announced Q4 2023 financial results in this update....
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For further details see:
Dada Nexus: Justifiably Cheap