During the last session, Daqo New Energy Corp ADR (NYSE:DQ)’s traded shares were 1.04 million, with the beta value of the company hitting 0.33. At the end of the trading day, the stock’s price was $20.00, reflecting an intraday loss of -3.29% or -$0.68. The 52-week high for the DQ share is $30.03, that puts it down -50.15 from that peak though still a striking 31.9% gain since the share price plummeted to a 52-week low of $13.62. The company’s market capitalization is $1.31B, and the average intraday trading volume over the past 10 days was 1.91 million shares, and the average trade volume was 921.01K shares over the past three months.
Daqo New Energy Corp ADR (DQ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.80. DQ has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.31.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Daqo New Energy Corp ADR (DQ) registered a -3.29% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.29% in intraday trading to $20.00, hitting a weekly high. The stock’s 5-day price performance is -8.59%, and it has moved by 31.23% in 30 days. Based on these gigs, the overall price performance for the year is -27.85%. The short interest in Daqo New Energy Corp ADR (NYSE:DQ) is 3.57 million shares and it means that shorts have 4.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $29.3, which implies an increase of 31.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.51 and $34.05 respectively. As a result, DQ is trading at a discount of -70.25% off the target high and 37.45% off the low.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Statistics show that Daqo New Energy Corp ADR has underperformed its competitors in share price, compared to the industry in which it operates. Daqo New Energy Corp ADR (DQ) shares have gone down -19.71% during the last six months, with a year-to-date growth rate less than the industry average at -159.61% against 14.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -244.40% this quarter and then drop -231.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -53.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 187.93M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 201.44M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.44%. While earnings are projected to return -145.51% in 2024.
DQ Dividends
Daqo New Energy Corp ADR is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 2.72 million shares, is of FIL LTD’s that is approximately 4.1444% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $39.76 million.
