In the last trading session, 1.17 million shares of the Daqo New Energy Corp ADR (NYSE:DQ) were traded, and its beta was 0.36. Most recently the company’s share price was $18.62, and it changed around $0.56 or 3.10% from the last close, which brings the market valuation of the company to $1.22B. DQ currently trades at a discount to its 52-week high of $30.85, offering almost -65.68% off that amount. The share price’s 52-week low was $13.62, which indicates that the current value has risen by an impressive 26.85% since then. We note from Daqo New Energy Corp ADR’s average daily trading volume that its 10-day average is 0.92 million shares, with the 3-month average coming to 845.57K.
Daqo New Energy Corp ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 1.67. 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 -0.73 for the current quarter.
Daqo New Energy Corp ADR (NYSE:DQ) trade information
Instantly DQ has showed a green trend with a performance of 3.10% 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 21.15 on recent trading dayincreased the stock’s daily price by 11.96%. The company’s shares are currently down -4.22% year-to-date, but still down -5.82% over the last five days. On the other hand, Daqo New Energy Corp ADR (NYSE:DQ) is -8.41% down in the 30-day period. We can see from the shorts that 3.83 million shares have been sold at a short interest cover period of 3.51 day(s).
The consensus price target as assigned by Wall Street analysts is $32.42, which translates to bulls needing to increase their stock price by 42.57% from its current value. Analyst projections state that DQ is forecast to be at a low of $29.3 and a high of $35.54.
Daqo New Energy Corp ADR (DQ) estimates and forecasts
The year-over-year growth rate is expected to be -17.04%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 176.81M in revenue for the current quarter. 2 analysts expect Daqo New Energy Corp ADR to make 205.16M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 415.31M and 219.91M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -57.43%. Forecasts for the next quarter put sales growth at -6.71%.
DQ Dividends
Daqo New Energy Corp ADR’s next quarterly earnings report is expected to be released on 2025-Feb-26.
Daqo New Energy Corp ADR (NYSE:DQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.85% of Daqo New Energy Corp ADR shares, and 51.89% of them are in the hands of institutional investors. The stock currently has a share float of 54.53%. Daqo New Energy Corp ADR stock is held by 196.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.0539% of the shares, which is about 2.01 million shares worth $29.3 million.
INVESCO LTD., with 2.4758% or 1.63 million shares worth $23.75 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Invesco Solar ETF and Vanguard Total International Stock Index Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 1.29 shares worth $24.09 million, making up 1.96% of all outstanding shares. On the other hand, Vanguard Total International Stock Index Fund held roughly 623.05 shares worth around $11.6 million, which represents about 0.94% of the total shares outstanding.
