In the past week, DQ stock has gone up by 3.56%, with a monthly gain of 22.99% and a quarterly surge of 13.92%. The volatility ratio for the week is 4.84%, and the volatility levels for the last 30 days are 5.98% for Daqo New Energy Corp ADR The simple moving average for the last 20 days is 1.87% for DQ stock, with a simple moving average of -2.67% for the last 200 days.
Is It Worth Investing in Daqo New Energy Corp ADR (NYSE: DQ) Right Now?
Daqo New Energy Corp ADR (NYSE: DQ) has a price-to-earnings ratio of 5.08x that is above its average ratio. Additionally, the 36-month beta value for DQ is 0.22. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for DQ is 74.55M and currently, short sellers hold a 4.74% ratio of that float. The average trading volume of DQ on April 04, 2024 was 1.37M shares.
DQ) stock’s latest price update
The stock of Daqo New Energy Corp ADR (NYSE: DQ) has increased by 2.79 when compared to last closing price of 26.91. Despite this, the company has experienced a 3.56% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-03 that Daqo New Energy holds a majority stake in its subsidiary Xinjiang Daqo, which is listed on the Shanghai Stock Exchange. Daqo is trading at 29.9% of the NAV of the stake in the Chinese subsidiary, which translates into an upside of 235%. There is significant operating leverage in the polysilicon price, potentially adding further upside to the discount to NAV.
Analysts’ Opinion of DQ
Many brokerage firms have already submitted their reports for DQ stocks, with Daiwa Securities repeating the rating for DQ by listing it as a “Neutral.” The predicted price for DQ in the upcoming period, according to Daiwa Securities is $32 based on the research report published on September 19, 2023 of the previous year 2023.
Nomura, on the other hand, stated in their research note that they expect to see DQ reach a price target of $45. The rating they have provided for DQ stocks is “Buy” according to the report published on August 04th, 2023.
DQ Trading at 22.54% 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 -43.27% of loss for the given period.
Volatility was left at 5.98%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares surge +14.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.59% upper at present.
During the last 5 trading sessions, DQ rose by +4.04%, which changed the moving average for the period of 200-days by -34.84% in comparison to the 20-day moving average, which settled at $27.33. In addition, Daqo New Energy Corp ADR saw 3.98% 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:
- 0.32 for the present operating margin
- 0.4 for the gross margin
The net margin for Daqo New Energy Corp ADR stands at 0.18. The total capital return value is set at 0.11. Equity return is now at value 8.81, with 5.60 for asset returns.
Currently, EBITDA for the company is 849.75 million with net debt to EBITDA at -3.78. When we switch over and look at the enterprise to sales, we see a ratio of -0.42. The receivables turnover for the company is 19.84for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.20.
Conclusion
In conclusion, Daqo New Energy Corp ADR (DQ) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
