In last trading session, Daqo New Energy Corp ADR (NYSE:DQ) saw 0.81 million shares changing hands with its beta currently measuring 0.37. Company’s recent per share price level of $19.06 trading at $0.37 or 1.98% at ring of the bell on the day assigns it a market valuation of $1.25B. That closing price of DQ’s stock is at a discount of -61.86% from its 52-week high price of $30.85 and is indicating a premium of 28.54% 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 0.79 million shares which gives us an average trading volume of 823.54K 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 1.67. 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 -0.73 in the current quarter.
Daqo New Energy Corp ADR (NYSE:DQ) trade information
Daqo New Energy Corp ADR’s shares saw a change of -1.95% in year-to-date performance and have moved 0.00% in past 5-day. Daqo New Energy Corp ADR (NYSE:DQ) showed a performance of -9.15% in past 30-days. Number of shares sold short was 3.83 million shares which calculate 3.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 32.42 to the stock, which implies a rise of 41.21% to its current value. Analysts have been projecting 29.3 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 drop -53.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -53.73% for stock’s current value.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
This year revenue growth is estimated to fall -17.04% 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 176.81M for the same. And 2 analysts are in estimates of company making revenue of 205.16M in the next quarter. Company posted 415.31M and 219.91M of sales in current and next quarters respectively a year earlier.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
Insiders are in possession of 4.85% of company’s total shares while institution are holding 52.43 percent of that, with stock having share float percentage of 55.10%. Investors also watch the number of corporate investors in a company very closely, which is 52.43% institutions for Daqo New Energy Corp ADR that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at DQ for having 2.01 million shares of worth $29.3 million. And as of 2024-06-30, it was holding 3.0539 of the company’s outstanding shares.
The second largest institutional holder is INVESCO LTD., which was holding about 1.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.4758 of outstanding shares, having a total worth of $23.75 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 Jan 31, 2025 , the former fund manager was holding 1.29 shares of worth $24.66 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 623.05 shares on Oct 31, 2024 , making its stake of worth around $11.88 million in the company or a holder of 0.94% of company’s stock.
