Daqo New Energy Corp ADR (NYSE: DQ)’s stock price has gone decline by -6.63 in comparison to its previous close of 21.65, however, the company has experienced a 5.07% increase in its stock price over the last five trading days. prnewswire.com reported 2024-11-12 that SHANGHAI, Nov. 12, 2024 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the “AGM”) at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No. 838, Zhangyang Road, Pudong District, Shanghai 200122, People’s Republic of China on December 10, 2024 at 10:00 AM (Beijing time).
Is It Worth Investing in Daqo New Energy Corp ADR (NYSE: DQ) Right Now?
DQ has 36-month beta value of 0.25. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for DQ is 65.18M, and currently, short sellers hold a 5.62% ratio of that float. The average trading volume of DQ on December 04, 2024 was 1.46M shares.
DQ’s Market Performance
The stock of Daqo New Energy Corp ADR (DQ) has seen a 5.07% increase in the past week, with a -13.65% drop in the past month, and a 31.69% gain in the past quarter. The volatility ratio for the week is 4.47%, and the volatility levels for the past 30 days are at 5.56% for DQ. The simple moving average for the past 20 days is -0.57% for DQ’s stock, with a 1.08% simple moving average for the past 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 -3.80% 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 -34.47% of loss for the given period.
Volatility was left at 5.56%, however, over the last 30 days, the volatility rate increased by 4.47%, as shares sank -9.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.95% upper at present.
During the last 5 trading sessions, DQ rose by +8.63%, which changed the moving average for the period of 200-days by +9.48% in comparison to the 20-day moving average, which settled at $20.37. In addition, Daqo New Energy Corp ADR saw -24.00% 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 932.32 million with net debt to EBITDA at 18.41. 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 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.
