During the last session, Daqo New Energy Corp ADR (NYSE:DQ)’s traded shares were 0.83 million, with the beta value of the company hitting 0.35. At the end of the trading day, the stock’s price was $19.06, reflecting an intraday gain of 0.74% or $0.14. The 52-week high for the DQ share is $30.85, that puts it down -61.86 from that peak though still a striking 28.54% gain since the share price plummeted to a 52-week low of $13.62. The company’s market capitalization is $1.25B, and the average trade volume was 846.03K 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 1.67. 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 -0.73.
Daqo New Energy Corp ADR (NYSE:DQ) trade information
Daqo New Energy Corp ADR (DQ) registered a 0.74% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.74% in intraday trading to $19.06, hitting a weekly high. The stock’s 5-day price performance is -5.88%, and it has moved by 3.98% in 30 days. Based on these gigs, the overall price performance for the year is -15.25%.
The consensus price target of analysts on Wall Street is $32.42, which implies an increase of 41.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29.3 and $35.54 respectively. As a result, DQ is trading at a discount of -86.46% off the target high and -53.73% off the low.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
In the rating firms’ projections, revenue will decrease -17.04% 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 176.81M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 205.16M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 415.31M and 219.91M respectively. In this case, analysts expect current quarter sales to shrink by -57.43% and then drop by -6.71% in the coming quarter.
While earnings are projected to return 61.00% in 2025.
DQ Dividends
Daqo New Energy Corp ADR is due to release its next quarterly earnings in April. 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 1.63 million shares, is of INVESCO LTD.’s that is approximately 2.4758% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $23.75 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 Nov 30, 2024 indicates that Invesco ETF TR II-Invesco Solar ETF owns about 1.3 shares. This amounts to just over 1.97 percent of the company’s overall shares, with a $24.82 million market value. The same data shows that the other fund manager holds slightly less at 623.05, or about 0.94% of the stock, which is worth about $11.88 million.
