Daqo New Energy Corp ADR (NYSE:DQ) has a beta value of 0.32 and has seen 1.3 million shares traded in the last trading session. The company, currently valued at $1.54B, closed the last trade at $23.47 per share which meant it gained $0.89 on the day or 3.94% during that session. The DQ stock price is -31.44% off its 52-week high price of $30.85 and 41.97% above the 52-week low of $13.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.71 million shares traded. The 3-month trading volume is 1.38 million shares.
The consensus among analysts is that Daqo New Energy Corp ADR (DQ) is Buy stock at the moment, with a recommendation rating of 1.60. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.86.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Sporting 3.94% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DQ stock price touched $23.47 or saw a rise of 23.92%. Year-to-date, Daqo New Energy Corp ADR shares have moved -11.77%, while the 5-day performance has seen it change -8.10%. Over the past 30 days, the shares of Daqo New Energy Corp ADR (NYSE:DQ) have changed 7.27%. Short interest in the company has seen 3.92 million shares shorted with days to cover at 2.88.
Wall Street analysts have a consensus price target for the stock at $29.3, which means that the shares’ value could jump 19.9% from current levels. The projected low price target is $12.51 while the price target rests at a high of $35.54. In that case, then, we find that the current price level is -51.43% off the targeted high while a plunge would see the stock lose 46.7% from current levels.
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 gained 24.11% over the past 6 months, with this year growth rate of -161.57%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be -54.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of 181.59M for the current quarter. 1 have an estimated revenue figure of 207.2M for the next ending quarter. Year-ago sales stood 477.13M and 415.31M respectively for this quarter and the next, and analysts expect sales will shrink by -61.90% for the current quarter and -54.00% 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 56.44% over the past 5 years.
DQ Dividends
Daqo New Energy Corp ADR is expected to release its next earnings report in December 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
The top two institutional holders are CONTINENTAL GENERAL INSURANCE CO with over 5.14 million shares worth more than $74.98 million. As of 2024-06-30, CONTINENTAL GENERAL INSURANCE CO held 7.8158% of shares outstanding.
The other major institutional holder is FIL LTD, with the holding of over 2.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $39.76 million and represent 4.1444% of shares outstanding.
