The stock price of Daqo New Energy Corp ADR (NYSE: DQ) has plunged by -5.39 when compared to previous closing price of 23.18, but the company has seen a -1.48% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that Daqo New Energy Corp. (NYSE:DQ ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Anita Chu – Deputy Chief Executive Officer Ming Yang – Chief Financial Officer Conference Call Participants Philip Shen – Roth MKM Alan Lau – Jefferies Operator Good day, and welcome to the Daqo New Energy Third Quarter 2024 Results Conference Call. All participants will be in listen-only mode.
Is It Worth Investing in Daqo New Energy Corp ADR (NYSE: DQ) Right Now?
DQ has 36-month beta value of 0.33. Analysts have mixed views on the stock, 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 currently, short sellers hold a 6.03% ratio of that float. The average trading volume of DQ on November 06, 2024 was 1.38M shares.
DQ’s Market Performance
DQ’s stock has seen a -1.48% decrease for the week, with a 4.73% rise in the past month and a 29.84% gain in the past quarter. The volatility ratio for the week is 8.00%, and the volatility levels for the past 30 days are at 8.62% for Daqo New Energy Corp ADR The simple moving average for the last 20 days is 1.20% for DQ stock, with a simple moving average of 10.33% for the last 200 days.
Analysts’ Opinion of DQ
HSBC Securities gave a rating of “Hold” to DQ, setting the target price at $15 in the report published on August 27th of the current year.
DQ Trading at 14.08% 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 -28.91% of loss for the given period.
Volatility was left at 8.62%, however, over the last 30 days, the volatility rate increased by 8.00%, as shares surge +6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.68% upper at present.
During the last 5 trading sessions, DQ fell by -1.48%, which changed the moving average for the period of 200-days by +4.63% in comparison to the 20-day moving average, which settled at $21.67. In addition, Daqo New Energy Corp ADR saw -17.56% 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:
- -0.17 for the present operating margin
- -0.05 for the gross margin
The net margin for Daqo New Energy Corp ADR stands at -0.09. The total capital return value is set at -0.03. Equity return is now at value -2.54, with -1.67 for asset returns.
Currently, EBITDA for the company is 846.18 million with net debt to EBITDA at 49.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 15.51for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.61.
Conclusion
To put it simply, Daqo New Energy Corp ADR (DQ) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
