Daqo New Energy Corp ADR (NYSE: DQ)’s stock price has increased by 7.07 compared to its previous closing price of 16.98. However, the company has seen a 4.54% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-26 that DQ remains a compelling Buy due to its robust balance sheet, allowing it to weather the near-term market consolidation in H2’24. At the same time, the management’s lowered capacity output and capex guidance already position it for near-term recovery and cash preservation. If anything, its partner, Longi, already highlights robust growth in the APAC region with “smooth customs clearance for shipments to the North American region.”
Is It Worth Investing in Daqo New Energy Corp ADR (NYSE: DQ) Right Now?
The stock has a 36-month beta value of 0.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for DQ is 65.02M, and at present, short sellers hold a 6.08% of that float. On September 26, 2024, the average trading volume of DQ was 748.89K shares.
DQ’s Market Performance
The stock of Daqo New Energy Corp ADR (DQ) has seen a 4.54% increase in the past week, with a 22.42% rise in the past month, and a 18.90% gain in the past quarter. The volatility ratio for the week is 5.22%, and the volatility levels for the past 30 days are at 5.28% for DQ. The simple moving average for the past 20 days is 16.50% for DQ’s stock, with a -9.68% 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 “Hold.” The predicted price for DQ in the upcoming period, according to HSBC Securities is $15 based on the research report published on August 27, 2024 of the current year 2024.
HSBC Securities gave a rating of “Reduce” to DQ, setting the target price at $17.50 in the report published on May 06th of the current year.
DQ Trading at 13.54% 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 -41.71% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares surge +30.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.73% upper at present.
During the last 5 trading sessions, DQ rose by +5.69%, which changed the moving average for the period of 200-days by -20.47% in comparison to the 20-day moving average, which settled at $15.82. In addition, Daqo New Energy Corp ADR saw -31.65% 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:
- -0.06 for the present operating margin
- 0.04 for the gross margin
The net margin for Daqo New Energy Corp ADR stands at -0.04. The total capital return value is set at -0.02. Equity return is now at value -1.39, with -0.92 for asset returns.
Based on Daqo New Energy Corp ADR (DQ), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 551100000.0.
Currently, EBITDA for the company is 846.18 million with net debt to EBITDA at -28.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.12. The receivables turnover for the company is 19.79for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.57.
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.
