In the last trading session, 1.16 million Daqo New Energy Corp ADR (NYSE:DQ) shares changed hands as the company’s beta touched 0.33. With the company’s per share price at $20.82 changed hands at $1.12 or 5.69% during last session, the market valuation stood at $1.37B. DQ’s last price was a discount, traded about -44.24% off its 52-week high of $30.03. The share price had its 52-week low at $13.62, which suggests the last value was 34.58% up since then. When we look at Daqo New Energy Corp ADR’s average trading volume, we note the 10-day average is 1.05 million shares, with the 3-month average coming to 925.67K.
Analysts gave the Daqo New Energy Corp ADR (DQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended DQ as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Daqo New Energy Corp ADR’s EPS for the current quarter is expected to be -0.31.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Instantly DQ was in green as seen at the end of in last trading. With action 12.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.73%, with the 5-day performance at 12.18% in the green. However, in the 30-day time frame, Daqo New Energy Corp ADR (NYSE:DQ) is 27.50% up. Looking at the short shares, we see there were 3.57 million shares sold at short interest cover period of 4.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29.3, meaning bulls need an upside of 28.94% from its current market value. According to analyst projections, DQ’s forecast low is 12.51 with 34.05 as the target high. To hit the forecast high, the stock’s price needs a -63.54% plunge from its current level, while the stock would need to tank 39.91% for it to hit the projected low.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Data shows that the Daqo New Energy Corp ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.52% over the past 6 months, a -159.61% in annual growth rate that is considerably lower than the industry average of 13.80%. Year-over-year growth is forecast to reach -53.00% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 187.93M. 2 analysts are of the opinion that Daqo New Energy Corp ADR’s revenue for the current quarter will be 201.44M. The estimates for the next quarter sales put growth at -57.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 56.44%. The 2024 estimates are for Daqo New Energy Corp ADR earnings to decrease by -145.51%.
DQ Dividends
Daqo New Energy Corp ADR is expected to release its next quarterly earnings report on 2024-Oct-30.
FIL LTD holds the second largest percentage of outstanding shares, with 4.1444% or 2.72 million shares worth $39.76 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx . With 1.32 shares estimated at $27.42 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.09% of the shares, roughly 722.6 shares worth around $15.04 million.
