At the time of writing, Daqo New Energy Corp ADR [DQ] stock is trading at $22.93, up 0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DQ shares have gain 20.24% over the last week, with a monthly amount glided 26.13%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy,” the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the fourth quarter and fiscal year of 2023.
From an analyst’s perspective:
Daqo New Energy Corp ADR [NYSE: DQ] stock has seen the most recent analyst activity on September 19, 2023, when Daiwa Securities downgraded its rating to a Neutral and also revised its price target to $32 from $45. Previously, Nomura upgraded its rating to Buy on August 04, 2023, and kept the price target unchanged to $45. On May 05, 2023, upgrade upgraded it’s rating to Outperform. Goldman downgraded its rating to a Neutral and decreased its price target to $70 on December 05, 2022. Daiwa Securities downgraded its rating to a Neutral. JP Morgan upgraded its rating to Overweight for this stock on May 04, 2022. In a note dated August 31, 2021, Daiwa Securities downgraded an Outperform rating on this stock and revised its target price from $145 to $76.
For the past year, the stock price of Daqo New Energy Corp ADR fluctuated between $17.30 and $55.60. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $22.93 at the most recent close of the market.
Analyzing the DQ fundamentals
According to Daqo New Energy Corp ADR [NYSE:DQ], the company’s sales were 2.31B for trailing twelve months, which represents an -44.79% plunge. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.49%, Pretax Profit Margin comes in at 0.5%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.15 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.56 points at the first support level, and at 22.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.39, and for the 2nd resistance point, it is at 23.84.
Daqo New Energy Corp ADR [DQ] reported earnings per share of $0.64 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.84/share, meaning a difference of -$0.2 and a surprise factor of -23.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.09 per share as compared to estimates of $0.94 per share, a difference of -$1.03 representing a surprise of -109.60%.
Ratios To Look Out For
It is important to note that Daqo New Energy Corp ADR [NYSE:DQ] has a current ratio of 4.20. Further, the Quick Ratio stands at 4.00, while the Cash Ratio is 4.05. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.36 and price to earnings (TTM) ratio is 4.21.
