Daqo New Energy Corp ADR (DQ) concluded trading on Thursday at a closing price of $21.28, with 8.75 million shares of worth about $186.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -42.64% during that period and on Thursday the price saw a gain of about 2.01%. Currently the company’s common shares owned by public are about 78.20M shares, out of which, 74.55M shares are available for trading.
However, the stock later moved at a day high price of 22.72, or with a gain of 2.01%. Stock saw a price change of 16.67% in past 5 days and over the past one month there was a price change of 15.28%. Year-to-date (YTD), DQ shares are showing a performance of -20.00% which decreased to -51.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.30 but also hit the highest price of $55.60 during that period. The average intraday trading volume for Daqo New Energy Corp ADR shares is 1.09 million. The stock is currently trading 12.28% above its 20-day simple moving average (SMA20), while that difference is up 0.33% for SMA50 and it goes to -29.08% lower than SMA200.
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Daqo New Energy Corp ADR (NYSE: DQ) currently have 78.20M outstanding shares and institutions hold larger chunk of about 45.25% of that.
The stock has a current market capitalization of $1.60B and its 3Y-monthly beta is at 0.17. PE ratio of stock for trailing 12 months is 3.91, while it has posted earnings per share of $5.44 in the same period. It has Quick Ratio of 4.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DQ, volatility over the week remained 6.66% while standing at 4.94% over the month.
Analysts are in expectations that Daqo New Energy Corp ADR (DQ) stock would likely to be making an EPS of $0.69 in the current quarter, while forecast for next quarter EPS is $1.12 and it is $6.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.69 which is $0.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -43.65% while it is estimated to increase by 69.57% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Daiwa Securities on September 19, 2023 offering a Neutral rating for the stock and assigned a target price range of between $45 and $32 to it. Coverage by Nomura stated Daqo New Energy Corp ADR (DQ) stock as a Buy in their note to investors on August 04, 2023, suggesting a price target of $45 for the stock. On May 05, 2023, Daiwa Securities Upgrade their recommendations, while on December 05, 2022, Goldman Downgrade their ratings for the stock with a price target of $70. Stock get a Neutral rating from Daiwa Securities on September 15, 2022.
