During the last session, Daqo New Energy Corp ADR (NYSE:DQ)’s traded shares were 0.73 million, with the beta value of the company hitting 0.29. At the end of the trading day, the stock’s price was $18.80, reflecting an intraday loss of -2.13% or -$0.41. The 52-week high for the DQ share is $30.85, that puts it down -64.1 from that peak though still a striking 27.55% gain since the share price plummeted to a 52-week low of $13.62. The company’s market capitalization is $1.24B, and the average intraday trading volume over the past 10 days was 0.83 million shares, and the average trade volume was 1.48 million 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 1.60. 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 -0.77.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Daqo New Energy Corp ADR (DQ) registered a -2.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.13% in intraday trading to $18.80, hitting a weekly high. The stock’s 5-day price performance is -2.34%, and it has moved by -14.55% in 30 days. Based on these gigs, the overall price performance for the year is -28.57%. The short interest in Daqo New Energy Corp ADR (NYSE:DQ) is 3.68 million shares and it means that shorts have 1.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $29.3, which implies an increase of 35.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.51 and $35.54 respectively. As a result, DQ is trading at a discount of -89.04% off the target high and 33.46% 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 -7.80% during the last six months, with a year-to-date growth rate less than the industry average at -162.28% against 12.50. In the rating firms’ projections, revenue will decrease -56.47% 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 153.54M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 207.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 477.13M and 415.31M respectively. In this case, analysts expect current quarter sales to shrink by -67.82% and then drop by -50.11% in the coming quarter.
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 -147.77% in 2024.
DQ Dividends
Daqo New Energy Corp ADR is due to release its next quarterly earnings in December. 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.
Also, the Mutual Funds coming in first place with the largest holdings of Daqo New Energy Corp ADR (DQ) shares are Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx . Data provided on Sep 30, 2024 indicates that Invesco ETF TR II-Invesco Solar ETF owns about 1.32 shares. This amounts to just over 2.00 percent of the company’s overall shares, with a $24.76 million market value. The same data shows that the other fund manager holds slightly less at 722.6, or about 1.09% of the stock, which is worth about $13.58 million.
