How To Know If Daqo New Energy Corp. (NYSE:DQ) Is Expensive At $41.22. – Marketing Sentinel
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How To Know If Daqo New Energy Corp. (NYSE:DQ) Is Expensive At $41.22.

In last trading session, Daqo New Energy Corp. (NYSE:DQ) saw 1.03 million shares changing hands with its beta currently measuring 0.87. Company’s recent per share price level of $41.22 trading at -$0.52 or -1.25% at ring of the bell on the day assigns it a market valuation of $3.01B. That closing price of DQ’s stock is at a discount of -216.18% from its 52-week high price of $130.33 and is indicating a premium of 11.57% from its 52-week low price of $36.45. Taking a look at company’s average trading volume of 1.59 million if we extend that period to 3-months.

Daqo New Energy Corp. (NYSE:DQ) trade information

Upright in the red during last session for losing -1.25%, in the last five days DQ remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $41.22 price level, adding 5.55% to its value on the day. Daqo New Energy Corp.’s shares saw a change of 2.23% in year-to-date performance and have moved 3.39% in past 5-day. Daqo New Energy Corp. (NYSE:DQ) showed a performance of -1.69% in past 30-days.

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Daqo New Energy Corp. (DQ) estimates and forecasts

Statistics highlight that Daqo New Energy Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -37.95% of value to its shares in past 6 months, showing an annual growth rate of 615.70% while that of industry is 25.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 377.10% in the current quarter and calculating 240.70% increase in the next quarter. This year revenue growth is estimated to rise 184.20% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $698.65 million for the same. And 3 analysts are in estimates of company making revenue of $529.9 million in the next quarter that will end on Mar 2022. Company posted $247.72 million and $256.1 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 182.00% while estimating it to be 106.90% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 47.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 324.10% while estimates for its earnings growth in next 5 years are of 74.87%.

DQ Dividends

Daqo New Energy Corp. is more likely to be releasing its next quarterly report between March 07 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Daqo New Energy Corp. (NYSE:DQ)’s Major holders

Insiders are in possession of 4.60% of company’s total shares while institution are holding 56.69 percent of that, with stock having share float percentage of 59.42%. Investors also watch the number of corporate investors in a company very closely, which is 56.69% institutions for Daqo New Energy Corp. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at DQ for having 4.03 million shares of worth $229.91 million. And as of Sep 29, 2021, it was holding 5.49% of the company’s outstanding shares.

The second largest institutional holder is Franklin Resources, Inc., which was holding about 2.77 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.77% of outstanding shares, having a total worth of $157.94 million.

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On the other hand, Invesco ETF TR II-Invesco Solar ETF and iShares Global Clean Energy ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 2.1 million shares of worth $163.21 million or 2.85% of the total outstanding shares. The later fund manager was in possession of 1.18 million shares on Oct 30, 2021, making its stake of worth around $91.48 million in the company or a holder of 1.60% of company’s stock.

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