The price-to-earnings ratio for Daqo New Energy Corp ADR (NYSE: DQ) is 7.23x, which is above its average ratio. Moreover, the 36-month beta value for DQ is 0.29. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DQ is 65.64M and currently, short sellers hold a 3.41% of that float. On June 26, 2024, DQ’s average trading volume was 996.70K shares.
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DQ) stock’s latest price update
Daqo New Energy Corp ADR (NYSE: DQ)’s stock price has plunge by -8.19relation to previous closing price of 16.85. Nevertheless, the company has seen a -18.02% plunge in its stock price over the last five trading sessions. investorplace.com reported 2024-06-14 that Back in May, sitting U.S. President Joe Biden announced he would be quadrupling tariffs on Chinese solar imports among other technologies and commodities like electric vehicles, batteries and steel. The move signals an increasingly cooling relationship between the world’s first and second largest economies but has also underlined a group of Chinese solar stocks to sell.
DQ’s Market Performance
Daqo New Energy Corp ADR (DQ) has seen a -18.02% fall in stock performance for the week, with a -23.45% decline in the past month and a -41.82% plunge in the past quarter. The volatility ratio for the week is 5.18%, and the volatility levels for the past 30 days are at 5.63% for DQ. The simple moving average for the last 20 days is -23.82% for DQ stock, with a simple moving average of -35.14% for the last 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 -24.64% 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 -62.66% of loss for the given period.
Volatility was left at 5.63%, however, over the last 30 days, the volatility rate increased by 5.18%, as shares sank -24.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.72% lower at present.
During the last 5 trading sessions, DQ fell by -18.02%, which changed the moving average for the period of 200-days by -54.18% in comparison to the 20-day moving average, which settled at $20.06. In addition, Daqo New Energy Corp ADR saw -41.84% 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 -0.8. 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 wrap up, the performance of Daqo New Energy Corp ADR (DQ) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
