At the time of writing, Daqo New Energy Corp ADR [DQ] stock is trading at $17.15, up 6.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DQ shares have gain 8.27% over the last week, with a monthly amount drifted -4.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities downgraded its rating to Reduce on May 06, 2024, and dropped its price target to $17.50. On September 19, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $32 on the stock. Nomura upgraded its rating to a Buy but stick to its price target of $45 on August 04, 2023. Daiwa Securities upgraded its rating to a Outperform. Goldman downgraded its rating to Neutral for this stock on December 05, 2022, and downed its price target to $70. In a note dated September 15, 2022, Daiwa Securities downgraded an Neutral rating on this stock.
For the past year, the stock price of Daqo New Energy Corp ADR fluctuated between $14.21 and $40.13. Currently, Wall Street analysts expect the stock to reach $18.76 within the next 12 months. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $17.15 at the most recent close of the market. An investor can expect a potential return of 9.39% based on the average DQ price forecast.
Analyzing the DQ fundamentals
According to Daqo New Energy Corp ADR [NYSE:DQ], the company’s sales were 2.01B for trailing twelve months, which represents an -41.49% plunge. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.05.
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 16.66 points at the first support level, and at 16.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.96, and for the 2nd resistance point, it is at 18.76.
Ratios To Look Out For
It is important to note that Daqo New Energy Corp ADR [NYSE:DQ] has a current ratio of 4.59. In addition, the Quick Ratio stands at 4.32 and the Cash Ratio stands at 3.74. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 0.24 and price to earnings (TTM) ratio is 8.02.
