Daqo New Energy Corp ADR (NYSE:DQ) price on Friday, March 21, fall -3.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.27.
A look at the stock’s price movement, the close in the last trading session was $19.96, moving within a range at $19.18 and $20.1. The beta value (5-Year monthly) was 0.409. Turning to its 52-week performance, $30.85 and $13.62 were the 52-week high and 52-week low respectively. Overall, DQ moved -15.00% over the past month.
Daqo New Energy Corp ADR’s market cap currently stands at around $1.27 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 176.81M for the company’s revenue for the quarter, with a low and high estimate of 159.62M and 194M respectively. The average forecast suggests down to a -57.43% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 853.76M, representing a -17.04% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DQ is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend DQ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DQ’s current price about -1.88% and -1.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.25, while 7-day volatility ratio is 5.76% and 6.25% in the 30-day chart. Further, Daqo New Energy Corp ADR (DQ) has a beta value of 0.33, and an average true range (ATR) of 1.22. Analysts have given the company’s stock an average 52-week price target of $32.42, forecast between a low of $29.3 and high of $35.54. Looking at the price targets, the low is -52.05% off current price level while to achieve the yearly target high, price needs to move -84.43%. Nonetheless, investors will most likely welcome a -68.24% jump to $32.42 which is the analysts’ median price.
If we refocus on Daqo New Energy Corp ADR (NYSE:DQ), historical trading data shows that trading volumes averaged 0.77 over the past 10 days and 840.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 65.70 million shares.
The 0.39% of Daqo New Energy Corp ADR’s shares are in the hands of company insiders while institutional holders own 50.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.83 million on 2025-02-28, giving us a short ratio of 3.51. Current price change has pushed the stock -0.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DQ stock continues to rise going into the next quarter.
