The 36-month beta value for DQ is at 0.33. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DQ is 65.02M, and currently, shorts hold a 6.08% of that float. The average trading volume for DQ on October 07, 2024 was 810.27K shares.
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DQ) stock’s latest price update
Daqo New Energy Corp ADR (NYSE: DQ)’s stock price has gone rise by 11.88 in comparison to its previous close of 21.88, however, the company has experienced a 24.83% increase in its stock price over the last five trading days. fool.com reported 2024-10-04 that Can stimulus save the Chinese economy?
DQ’s Market Performance
DQ’s stock has risen by 24.83% in the past week, with a monthly rise of 59.48% and a quarterly rise of 56.82%. The volatility ratio for the week is 7.54% while the volatility levels for the last 30 days are 5.94% for Daqo New Energy Corp ADR The simple moving average for the past 20 days is 40.86% for DQ’s stock, with a 22.05% simple moving average for the past 200 days.
Analysts’ Opinion of DQ
HSBC Securities, on the other hand, stated in their research note that they expect to see DQ reach a price target of $15. The rating they have provided for DQ stocks is “Hold” according to the report published on August 27th, 2024.
DQ Trading at 48.64% 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 -18.48% of loss for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 7.54%, as shares surge +61.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.08% upper at present.
During the last 5 trading sessions, DQ rose by +24.83%, which changed the moving average for the period of 200-days by +4.88% in comparison to the 20-day moving average, which settled at $17.84. In addition, Daqo New Energy Corp ADR saw -7.97% 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 0.38. 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
In conclusion, Daqo New Energy Corp ADR (DQ) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
