Daqo New Energy Corp ADR [DQ] stock prices are down -0.26% to $26.91 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DQ shares have gain 2.16% over the last week, with a monthly amount glided 17.36%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Daqo New Energy’s Subsidiary Xinjiang Daqo Proposes 2023 Cash Dividend for Approval at Its Annual Shareholders’ Meeting. 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 that its subsidiary Xinjiang Daqo’s board of directors has approved its cash dividend plan for 2023 and has proposed it to Xinjiang Daqo’s annual shareholders’ meeting for approval.
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.
The stock price of Daqo New Energy Corp ADR [DQ] has been fluctuating between $17.30 and $48.76 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $26.91 at the most recent close of the market. An investor can expect a potential drop of -7.1% based on the average DQ price forecast.
Analyzing the DQ fundamentals
The Daqo New Energy Corp ADR [NYSE:DQ] reported sales of 2.31B for trailing twelve months, representing a drop of -44.79%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.11.
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 26.10 points at the first support level, and at 25.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.37, and for the 2nd resistance point, it is at 27.84.
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’s worth pointing out that Daqo New Energy Corp ADR [NYSE:DQ]’s Current Ratio is 4.20. Also, the Quick Ratio is 4.00, while the Cash Ratio stands at 3.58. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 0.43 and price to earnings (TTM) ratio is 4.95.
