In last trading session, Daqo New Energy Corp ADR (NYSE:DQ) saw 0.67 million shares changing hands with its beta currently measuring 0.29. Company’s recent per share price level of $20.52 trading at $0.33 or 1.66% at ring of the bell on the day assigns it a market valuation of $1.35B. That closing price of DQ’s stock is at a discount of -50.34% from its 52-week high price of $30.85 and is indicating a premium of 33.63% from its 52-week low price of $13.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 1.44 million if we extend that period to 3-months.
For Daqo New Energy Corp ADR (DQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.77 in the current quarter.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Upright in the green during last session for gaining 1.66%, in the last five days DQ remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $20.52 price level, adding 1.16% to its value on the day. Daqo New Energy Corp ADR’s shares saw a change of -22.84% in year-to-date performance and have moved 6.85% in past 5-day. Daqo New Energy Corp ADR (NYSE:DQ) showed a performance of -7.79% in past 30-days. Number of shares sold short was 3.66 million shares which calculate 1.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 29.3 to the stock, which implies a rise of 29.97% to its current value. Analysts have been projecting 12.51 as a low price target for the stock while placing it at a high target of 35.54. It follows that stock’s current price would jump 39.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 39.04% for stock’s current value.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Statistics highlight that Daqo New Energy Corp ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -8.86% of value to its shares in past 6 months, showing an annual growth rate of -162.28% while that of industry is 12.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -56.47% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 153.54M for the same. And 1 analysts are in estimates of company making revenue of 207.2M in the next quarter. Company posted 477.13M and 415.31M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 56.44% during past 5 years.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
CONTINENTAL GENERAL INSURANCE CO is the top institutional holder at DQ for having 5.14 million shares of worth $74.98 million. And as of 2024-06-30, it was holding 7.8158 of the company’s outstanding shares.
The second largest institutional holder is FIL LTD, which was holding about 2.72 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1444 of outstanding shares, having a total worth of $39.76 million.
On the other hand, Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.32 shares of worth $26.38 million or 2.00% of the total outstanding shares. The later fund manager was in possession of 722.6 shares on Jul 31, 2024 , making its stake of worth around $14.47 million in the company or a holder of 1.09% of company’s stock.
