Daqo New Energy Corp ADR (NYSE:DQ) shares, rose in value on Friday, March 28, with the stock price up by 1.26% to the previous day’s close as strong demand from buyers drove the stock to $18.49.
Actively observing the price movement in the last trading, the stock closed the session at $18.26, falling within a range of $18.15 and $18.74. The value of beta (5-year monthly) was 0.409. Referring to stock’s 52-week performance, its high was $30.85, and the low was $13.62. On the whole, DQ has fluctuated by -14.00% over the past month.
With the market capitalization of Daqo New Energy Corp ADR currently standing at about $1.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 853.76M, with a low estimate of 159.62M and a high estimate of 194M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 176.81M.
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 50% Sell 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 price of DQ currently trading nearly -2.70% and -5.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.46, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 5.68%. Furthermore, Daqo New Energy Corp ADR (DQ)’s beta value is 0.36, and its average true range (ATR) is 1.12.
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 1.26% in last session, and over the past year, it shrunk by -29.80%%.
Data on historical trading for Daqo New Energy Corp ADR (NYSE:DQ) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 830.46K. According to company’s latest data on outstanding shares, there are 65.70 million shares outstanding.
Nearly 0.39% of Daqo New Energy Corp ADR’s shares belong to company insiders and institutional investors own 50.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.05 million shares as on 2025-03-14, resulting in a short ratio of 3.44. The stock has fallen by -4.89% 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.
