Daqo New Energy Corp ADR [DQ] stock is trading at $17.57, up 7.59%. 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 6.29% over the last week, with a monthly amount glided 15.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Daqo New Energy Corp ADR [NYSE: DQ] stock has seen the most recent analyst activity on August 27, 2024, when HSBC Securities upgraded its rating to a Hold but kept the price target unchanged to $15 for it. On May 06, 2024, downgrade downgraded it’s rating to Reduce and revised its price target to $17.50 on the stock. Daiwa Securities downgraded its rating to a Neutral and decreased its price target to $32 on September 19, 2023. Nomura upgraded its rating to a Buy but $45 remained the price target by the analyst firm on August 04, 2023. Daiwa Securities upgraded its rating to Outperform for this stock on May 05, 2023. In a note dated December 05, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $140 to $70.
Daqo New Energy Corp ADR [DQ] stock has fluctuated between $13.62 and $31.19 over the past year. Currently, Wall Street analysts expect the stock to reach $20.52 within the next 12 months. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $17.57 at the most recent close of the market. An investor can expect a potential return of 16.79% based on the average DQ price forecast.
Analyzing the DQ fundamentals
Daqo New Energy Corp ADR [NYSE:DQ] reported sales of 1.60B for the trailing twelve months, which represents a drop of -65.46%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 17.08 points at the first support level, and at 16.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.05, and for the 2nd resistance point, it is at 18.52.
Ratios To Look Out For
For context, Daqo New Energy Corp ADR’s Current Ratio is 4.57. Also, the Quick Ratio is 4.27, while the Cash Ratio stands at 1.55. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 0.25.
