Daqo New Energy Corp ADR (NYSE:DQ) shares, rose in value, with the stock price up by 0.76% to the previous day’s close as strong demand from buyers drove the stock to $23.74.
Actively observing the price movement in the last trading, the stock closed the session at $23.56. The PE ratio was 4.36 over 12-month period. Referring to stock’s 52-week performance, its high was $48.31, and the low was $17.30. On the whole, DQ has fluctuated by -11.12% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.51B, with a low estimate of 491.9M and a high estimate of 491.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 491.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DQ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DQ currently trading nearly -4.58% and -2.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.40, while the 7-day volatility ratio is showing 3.43% which for the 30-day chart, stands at 4.50%. Furthermore, Daqo New Energy Corp ADR (DQ)’s beta value is 0.27, and its average true range (ATR) is 1.15.
A comparison of Daqo New Energy Corp ADR (DQ) with its peers suggests the former has fared considerably weaker in the market. DQ showed an intraday change of 0.76% in last session, and over the past year, it shrunk by -43.92%%.
Data on historical trading for Daqo New Energy Corp ADR (NYSE:DQ) indicates that the trading volumes over the past 3 months, they’ve averaged 1.29 million. According to company’s latest data on outstanding shares, there are 74.98 million shares outstanding.
Nearly 0.58% of Daqo New Energy Corp ADR’s shares belong to company insiders and institutional investors own 44.65% of the company’s shares. The stock has fallen by -10.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DQ stock heading into the next quarter.
