Daqo New Energy Corp. (NYSE:DQ) went down by -6.47% from its latest closing price compared to the recent 1-year high of $81.10. The company’s stock price has collected -10.67% of loss in the last five trading sessions. Barron’s reported on 02/04/21 that China’s Highflying Solar Stocks Face Political Risk
Is It Worth Investing in Daqo New Energy Corp. (NYSE :DQ) Right Now?
Daqo New Energy Corp. (NYSE:DQ) scored a price-to-earnings ratio above its average ratio, recording 2.48 x from its present earnings ratio. Plus, the 36-month beta value for DQ is at 0.32. Opinions of the stock are interesting as 7 analysts out of 13 who provided ratings for Daqo New Energy Corp. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $88.13, which is $34.71 above the current price. DQ currently public float of 68.16M and currently shorts hold a 3.20% ratio of that float. Today, the average trading volume of DQ was 1.71M shares.
DQ’s Market Performance
DQ stocks went down by -10.67% for the week, with a monthly drop of -17.68% and a quarterly performance of -22.08%, while its annual performance rate touched -15.44%. The volatility ratio for the week stands at 5.78% while the volatility levels for the past 30 days are set at 5.49% for Daqo New Energy Corp. The simple moving average for the period of the last 20 days is -18.36% for DQ stocks with a simple moving average of 1.36% for the last 200 days.
Analysts’ Opinion of DQ
Daiwa Securities gave a rating of “Outperform” to DQ, setting the target price at $76 in the report published on August 31st of the previous year.
DQ Trading at -19.96% from the 50-Day Moving Average
After a stumble in the market that brought DQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.33% of loss for the given period.
Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 5.78%, as shares sank -17.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.70% lower at present.
During the last 5 trading sessions, DQ fell by -10.67%, which changed the moving average for the period of 200-days by +17.20% in comparison to the 20-day moving average, which settled at $62.72. In addition, Daqo New Energy Corp. saw 28.08% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DQ
Current profitability levels for the company are sitting at:
- +62.59 for the present operating margin
- +65.36 for the gross margin
The net margin for Daqo New Energy Corp. stands at +44.61. Equity return is now at value 58.60, with 37.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.17.