At the time of writing, Daqo New Energy Corp ADR [DQ] stock is trading at $21.42, up 6.94%. 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 13.94% over the last week, with a monthly amount drifted -5.14%, and not 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 30, 2024, when Daiwa Securities upgraded its rating to a Outperform. Previously, HSBC Securities upgraded its rating to Buy on October 02, 2024. On August 27, 2024, upgrade upgraded it’s rating to Hold but maintained its price target of $15 on the stock. Goldman started tracking the stock assigning a Buy rating. HSBC Securities downgraded its rating to a Reduce and reduced its price target to $17.50 on May 06, 2024. Daiwa Securities downgraded its rating to Neutral for this stock on September 19, 2023, and downed its price target to $32. In a note dated August 04, 2023, Nomura upgraded an Buy rating on this stock but restated the target price of $45.
For the past year, the stock price of Daqo New Energy Corp ADR fluctuated between $13.62 and $30.85. Currently, Wall Street analysts expect the stock to reach $25.78 within the next 12 months. Daqo New Energy Corp ADR [NYSE: DQ] shares were valued at $21.42 at the most recent close of the market. An investor can expect a potential return of 20.35% 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 1.31B for trailing twelve months, which represents an -59.06% plunge. Gross Profit Margin for this corporation currently stands at -0.05% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is -0.03.
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 20.60 points at the first support level, and at 19.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.84, and for the 2nd resistance point, it is at 22.27.
Ratios To Look Out For
It is important to note that Daqo New Energy Corp ADR [NYSE:DQ] has a current ratio of 4.61. Also, the Quick Ratio is 4.28, while the Cash Ratio stands at 1.36. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 0.30.
