In today’s recent session, 2.26 million shares of the Daqo New Energy Corp ADR (NYSE:DQ) have been traded, and its beta is 0.32. Most recently the company’s share price was $25.34, and it changed around $0.86 or 3.52% from the last close, which brings the market valuation of the company to $1.67B. DQ at last check was trading at a discount to its 52-week high of $30.03, offering almost -18.51% off that amount. The share price’s 52-week low was $13.62, which indicates that the recent value has risen by an impressive 46.25% since then. We note from Daqo New Energy Corp ADR’s average daily trading volume that its 10-day average is 1.32 million shares, with the 3-month average coming to 821.15K.
Daqo New Energy Corp ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended DQ as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Daqo New Energy Corp ADR is expected to report earnings per share of -0.31 for the current quarter.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Instantly DQ has been showing a green trend so far today with a performance of 3.52% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.65 on recent trading dayincreased the stock’s daily price by 8.35%. The company’s shares are currently down -4.73% year-to-date, but still up 24.41% over the last five days. On the other hand, Daqo New Energy Corp ADR (NYSE:DQ) is 66.84% up in the 30-day period. We can see from the shorts that 3.95 million shares have been sold at a short interest cover period of 5.91 day(s).
The consensus price target as assigned by Wall Street analysts is $29.3, which translates to bulls needing to increase their stock price by 13.52% from its current value. Analyst projections state that DQ is forecast to be at a low of $12.51 and a high of $34.05.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Daqo New Energy Corp ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.23 percent over the past six months and at a -159.61% annual growth rate that is well below the industry average of 14.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -244.40% in revenue this quarter, and will report a decrease of -231.20% in the next quarter. The year-over-year growth rate is expected to be -53.70%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 187.93M in revenue for the current quarter. 2 analysts expect Daqo New Energy Corp ADR to make 201.44M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -57.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 56.44%.
DQ Dividends
Daqo New Energy Corp ADR’s next quarterly earnings report is expected to be released on 2024-Oct-28.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
FIL LTD, with 4.1444% or 2.72 million shares worth $39.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
