At the time of writing, Daqo New Energy Corp ADR [DQ] stock is trading at $25.54, up 16.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The DQ shares have gain 34.49% over the last week, with a monthly amount glided 37.68%, 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 October 02, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, HSBC Securities upgraded its rating to Hold on August 27, 2024, and kept the price target unchanged to $15. On July 11, 2024, Goldman initiated with a Buy rating. HSBC Securities downgraded its rating to a Reduce and decreased its price target to $17.50 on May 06, 2024. Daiwa Securities downgraded its rating to a Neutral and reduced its price target to $32 on September 19, 2023. Nomura upgraded its rating to Buy for this stock on August 04, 2023, but kept the price target unchanged to $45. In a note dated May 05, 2023, Daiwa Securities upgraded an Outperform rating on this stock.
For the past year, the stock price of Daqo New Energy Corp ADR fluctuated between $13.62 and $30.03. Currently, Wall Street analysts expect the stock to reach $25.29 within the next 12 months. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $25.54 at the most recent close of the market. An investor can expect a potential drop of -0.98% 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 1.60B for trailing twelve months, which represents an -65.46% plunge. 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 24.48 points at the first support level, and at 23.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.54, and for the 2nd resistance point, it is at 27.54.
Ratios To Look Out For
It is important to note that Daqo New Energy Corp ADR [NYSE:DQ] has a current ratio of 4.57. On the other hand, the Quick Ratio is 4.27, and the Cash Ratio is 1.55. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 0.37.
