Daqo New Energy Corp ADR (NYSE:DQ)’s traded shares stood at 1.7 million during the last session, with the company’s beta value hitting 0.20. At the close of trading, the stock’s price was $26.71, to imply an increase of 1.40% or $0.37 in intraday trading. The DQ share’s 52-week high remains $50.99, putting it -90.9% down since that peak but still an impressive 35.23% since price per share fell to its 52-week low of $17.30. The company has a valuation of $2.00B, with an average of 1.42 million shares in intraday trading volume over the past 10 days and average of 1.34 million shares over the past 3 months.
Daqo New Energy Corp ADR (NYSE:DQ) trade information
After registering a 1.40% upside in the last session, Daqo New Energy Corp ADR (DQ) has traded red over the past five days. The stock hit a weekly high of 27.98, jumping 1.40% in its intraday price action. The 5-day price performance for the stock is -1.37%, and 37.04% over 30 days. With these gigs, the year-to-date price performance is 0.41%. Short interest in Daqo New Energy Corp ADR (NYSE:DQ) saw shorts transact 3.49 million shares and set a 2.6 days time to cover.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Looking at statistics comparing Daqo New Energy Corp ADR share performance against respective industry, we note that the company has underperformed competitors. Daqo New Energy Corp ADR (DQ) shares are -13.05% down over the last 6 months, with its year-to-date growth rate lower than industry average at -27.76% against 8.90%. Revenue is forecast to shrink -84.10% this quarter before falling -50.00% for the next one. The rating firms project that company’s revenue will grow 6.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $491.9 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $557.8 million.Earnings reports from the last fiscal year show that sales brought in $709.83 million and $1.01 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -30.70% before dropping -44.70% in the following quarter.
DQ Dividends
Daqo New Energy Corp ADR has its next earnings report out between April 25 and April 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Daqo New Energy Corp ADR has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
Daqo New Energy Corp ADR insiders hold 12.19% of total outstanding shares, with institutional holders owning 44.52% of the shares at 50.70% float percentage. In total, 44.52% institutions holds shares in the company, led by Morgan Stanley. As of Jun 29, 2023, the company held over 2.97 million shares (or 3.84% of shares), all amounting to roughly $117.79 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 2.73 million shares, or about 3.53% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $108.27 million.
We also have Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the Daqo New Energy Corp ADR (DQ) shares. Going by data provided on Aug 30, 2023, Invesco ETF TR II-Invesco Solar ETF holds roughly 1.35 million shares. This is just over 1.75% of the total shares, with a market valuation of $49.86 million. Data from the same date shows that the other fund manager holds a little less at 0.78 million, or 1.01% of the shares, all valued at about 30.4 million.
