Daqo New Energy Corp ADR (NYSE: DQ) has a price-to-earnings ratio that is above its average at 10.87x. The stock has a 36-month beta value of 0.33. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DQ is 65.68M, and at present, short sellers hold a 3.50% of that float. On June 05, 2024, the average trading volume of DQ was 1.23M shares.
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DQ) stock’s latest price update
Daqo New Energy Corp ADR (NYSE: DQ)’s stock price has plunge by 6.12relation to previous closing price of 21.91. Nevertheless, the company has seen a 9.26% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-04-29 that SHANGHAI, April 29, 2024 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy,” the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, which contains the Company’s audited consolidated financial statements, with the Securities and Exchange Commission (the “SEC”) on April 29 2024. The annual report on Form 20-F can be accessed and downloaded from the SEC’s website at www.sec.gov or through the investor relations section of the Company’s website at https://www.dqsolar.com/.
DQ’s Market Performance
Daqo New Energy Corp ADR (DQ) has seen a 9.26% rise in stock performance for the week, with a 22.24% gain in the past month and a -4.32% plunge in the past quarter. The volatility ratio for the week is 7.22%, and the volatility levels for the past 30 days are at 5.43% for DQ. The simple moving average for the past 20 days is 15.93% for DQ’s stock, with a -6.67% simple moving average for the past 200 days.
Analysts’ Opinion of DQ
Many brokerage firms have already submitted their reports for DQ stocks, with HSBC Securities repeating the rating for DQ by listing it as a “Reduce.” The predicted price for DQ in the upcoming period, according to HSBC Securities is $17.50 based on the research report published on May 06, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see DQ reach a price target of $32, previously predicting the price at $45. The rating they have provided for DQ stocks is “Neutral” according to the report published on September 19th, 2023.
Nomura gave a rating of “Buy” to DQ, setting the target price at $45 in the report published on August 04th of the previous year.
DQ Trading at 3.92% 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 -46.75% of loss for the given period.
Volatility was left at 5.43%, however, over the last 30 days, the volatility rate increased by 7.22%, as shares surge +23.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.64% lower at present.
During the last 5 trading sessions, DQ rose by +9.16%, which changed the moving average for the period of 200-days by -33.89% in comparison to the 20-day moving average, which settled at $20.28. In addition, Daqo New Energy Corp ADR saw -12.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DQ
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.24 for the gross margin
The net margin for Daqo New Energy Corp ADR stands at 0.08. The total capital return value is set at 0.05. Equity return is now at value 3.23, with 2.04 for asset returns.
Currently, EBITDA for the company is 846.18 million with net debt to EBITDA at -6.37. When we switch over and look at the enterprise to sales, we see a ratio of -0.57. The receivables turnover for the company is 10.38for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.59.
Conclusion
To sum up, Daqo New Energy Corp ADR (DQ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
