In the last trading session, 2.16 million shares of the Daqo New Energy Corp ADR (NYSE:DQ) were traded, and its beta was 0.25. Most recently the company’s share price was $18.08, and it changed around -$1.56 or -7.94% from the last close, which brings the market valuation of the company to $1.19B. DQ currently trades at a discount to its 52-week high of $30.85, offering almost -70.63% off that amount. The share price’s 52-week low was $13.62, which indicates that the current value has risen by an impressive 24.67% since then. We note from Daqo New Energy Corp ADR’s average daily trading volume that its 10-day average is 1.0 million shares, with the 3-month average coming to 1.48 million.
Daqo New Energy Corp ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended DQ as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Daqo New Energy Corp ADR is expected to report earnings per share of -0.77 for the current quarter.
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Daqo New Energy Corp ADR (NYSE:DQ) trade information
Instantly DQ has showed a red trend with a performance of -7.94% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 21.87 on recent trading dayincreased the stock’s daily price by 17.33%. The company’s shares are currently down -32.03% year-to-date, but still down -9.74% over the last five days. On the other hand, Daqo New Energy Corp ADR (NYSE:DQ) is -15.12% down in the 30-day period. We can see from the shorts that 3.66 million shares have been sold at a short interest cover period of 1.67 day(s).
The consensus price target as assigned by Wall Street analysts is $29.3, which translates to bulls needing to increase their stock price by 38.29% from its current value. Analyst projections state that DQ is forecast to be at a low of $12.51 and a high of $35.54.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
Daqo New Energy Corp ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.69 percent over the past six months and at a -162.28% annual growth rate that is well below the industry average of 12.10%. The year-over-year growth rate is expected to be -56.47%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 153.54M in revenue for the current quarter. 1 analysts expect Daqo New Energy Corp ADR to make 207.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 477.13M and 415.31M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -67.82%. Forecasts for the next quarter put sales growth at -50.11%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 56.44%.
DQ Dividends
Daqo New Energy Corp ADR’s next quarterly earnings report is expected to be released in January.
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