The stock of Daqo New Energy Corp ADR (DQ) has gone up by 34.49% for the week, with a 37.68% rise in the past month and a 47.20% rise in the past quarter. The volatility ratio for the week is 7.10%, and the volatility levels for the past 30 days are 7.30% for DQ. The simple moving average for the past 20 days is 20.93% for DQ’s stock, with a 29.08% simple moving average for the past 200 days.
Is It Worth Investing in Daqo New Energy Corp ADR (NYSE: DQ) Right Now?
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.”
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The public float for DQ is 65.02M, and at present, short sellers hold a 6.03% of that float. On October 28, 2024, the average trading volume of DQ was 959.63K shares.
DQ) stock’s latest price update
The stock price of Daqo New Energy Corp ADR (NYSE: DQ) has surged by 16.09 when compared to previous closing price of 22.00, but the company has seen a 34.49% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-15 that SHANGHAI, Oct. 15, 2024 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the third quarter of 2024 ended September 30, 2024 before U.S. markets open on Wednesday, October 30, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on October 30, 2024 (8:00 PM Beijing / Hong Kong time on the same day).
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 42.73% 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 -14.95% of loss for the given period.
Volatility was left at 7.30%, however, over the last 30 days, the volatility rate increased by 7.10%, as shares surge +30.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.79% upper at present.
During the last 5 trading sessions, DQ rose by +34.49%, which changed the moving average for the period of 200-days by +11.48% in comparison to the 20-day moving average, which settled at $21.12. In addition, Daqo New Energy Corp ADR saw -3.98% 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 0.43. 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 better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
