Daqo New Energy Corp ADR (NYSE:DQ) has a beta value of 0.18 and has seen 1.02 million shares traded in the last trading session. The company, currently valued at $1.96B, closed the last trade at $26.20 per share which meant it lost -$0.49 on the day or -1.84% during that session. The DQ stock price is -94.62% off its 52-week high price of $50.99 and 33.97% above the 52-week low of $17.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.14 million shares traded. The 3-month trading volume is 1.33 million shares.
Daqo New Energy Corp ADR (NYSE:DQ) trade information
Sporting -1.84% in the red in last session, the stock has traded in the red over the last five days, when the DQ stock price touched $26.20 or saw a rise of 12.75%. Year-to-date, Daqo New Energy Corp ADR shares have moved -1.50%, while the 5-day performance has seen it change -9.41%. Over the past 30 days, the shares of Daqo New Energy Corp ADR (NYSE:DQ) have changed 35.96%. Short interest in the company has seen 3.49 million shares shorted with days to cover at 2.6.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Figures show that Daqo New Energy Corp ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -19.36% over the past 6 months, with this year growth rate of -27.76%, compared to 9.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -84.10% and -50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.90%.
1 analysts offering their estimates for the company have set an average revenue estimate of $491.9 million for the current quarter. 1 have an estimated revenue figure of $557.8 million for the next quarter concluding in Jun 2024. Year-ago sales stood $709.83 million and $1.01 billion respectively for this quarter and the next, and analysts expect sales will shrink by -30.70% for the current quarter and -44.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 55.83% over the past 5 years.
DQ Dividends
Daqo New Energy Corp ADR is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
Insiders own 6.73% of the company shares, while shares held by institutions stand at 44.52% with a share float percentage of 47.73%. Investors are also buoyed by the number of investors in a company, with Daqo New Energy Corp ADR having a total of 291 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 2.97 million shares worth more than $117.79 million. As of Jun 29, 2023, Morgan Stanley held 3.84% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.73 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $108.27 million and represent 3.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Emerging Markets Stk. As of Aug 30, 2023, the former fund manager holds about 1.75% shares in the company for having 1.35 million shares of worth $49.86 million while later fund manager owns 0.78 million shares of worth $30.4 million as of Jul 30, 2023, which makes it owner of about 1.01% of company’s outstanding stock.
