Are Smart Investors Making the Right Decision? Daqo New Energy Corp ADR (DQ)

With 1.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.36 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $28.70 whereas the lowest price it dropped to was $27.73. The 52-week range on DQ shows that it touched its highest point at $49.01 and its lowest point at $17.30 during that stretch. It currently has a 1-year price target of $27.59. Beta for the stock currently stands at 0.22.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DQ was up-trending over the past week, with a rise of 2.07%, but this was up by 31.77% over a month. Three-month performance surged to 5.61% while six-month performance fell -5.65%. The stock lost -40.02% in the past year, while it has gained 5.41% so far this year. A look at the trailing 12-month EPS for DQ yields 5.44 with Next year EPS estimates of 6.25. For the next quarter, that number is 0.56. This implies an EPS growth rate of -33.71% for this year and 67.76% for next year.

Float and Shares Shorts:

At present, 74.98 million DQ shares are outstanding with a float of 74.55 million shares on hand for trading. On Mar 15, 2024, short shares totaled 3.53 million, which was 5.37% higher than short shares on Feb 15, 2024. In addition to SQ as the firm’s Block, Inc., DE serves as its Deere & Company.

Institutional Ownership:

Through their ownership of 44.46% of DQ’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.