A share price of Daqo New Energy Corp ADR [DQ] is currently trading at $28.05, up 8.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The DQ shares have gain 22.54% over the last week, with a monthly amount glided 44.59%, 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.
Daqo New Energy Corp ADR experienced fluctuations in its stock price throughout the past year between $17.30 and $54.48. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $28.05 at the most recent close of the market.
Analyzing the DQ fundamentals
Trailing Twelve Months sales for Daqo New Energy Corp ADR [NYSE:DQ] were 2.31B which represents -44.79% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 26.59 points at the first support level, and at 25.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.92, and for the 2nd resistance point, it is at 29.79.
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
To put it in perspective, the Current Ratio for Daqo New Energy Corp ADR [NYSE:DQ] is 4.20. On the other hand, the Quick Ratio is 4.00, and the Cash Ratio is 4.05. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 0.44 and price to earnings (TTM) ratio is 5.16.
