A share price of Daqo New Energy Corp ADR [DQ] is currently trading at $19.61, up 5.71%. 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 20.53% over the last week, with a monthly amount glided 39.67%, 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 experienced fluctuations in its stock price throughout the past year between $13.62 and $31.19. 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 $19.61 at the most recent close of the market. An investor can expect a potential return of 4.64% based on the average DQ price forecast.
Analyzing the DQ fundamentals
Trailing Twelve Months sales for Daqo New Energy Corp ADR [NYSE:DQ] were 1.60B which represents -65.46% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 18.93 points at the first support level, and at 18.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.24, and for the 2nd resistance point, it is at 20.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Daqo New Energy Corp ADR [NYSE:DQ] is 4.57. In addition, the Quick Ratio stands at 4.27 and the Cash Ratio stands at 1.55. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 0.28.
