Daqo New Energy Corp ADR (NYSE: DQ) is 5.83% higher on its value in year-to-date trading and has touched a low of $17.30 and a high of $49.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DQ stock was last observed hovering at around $26.71 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $28.15, the stock is 7.74% and 27.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing 5.39% at the moment leaves the stock -1.90% off its SMA200. DQ registered -42.66% loss for a year compared to 6-month loss of -7.31%. The firm has a 50-day simple moving average (SMA 50) of -$0.93 and a 200-day simple moving average (SMA200) of -$2.74.
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The stock witnessed a 34.95% gain in the last 1 month and extending the period to 3 months gives it a 9.79%, and is 5.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.90% over the week and 6.52% over the month.
Current P/E ratio is 5.17 and Fwd P/E is 4.50. Profit margin for the company is 18.24%. Distance from 52-week low is 62.72% and -43.54% from its 52-week high. The company has generated returns on investments over the last 12 months (8.90%).
Daqo New Energy Corp ADR quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $491.9M over the same period.The EPS is expected to shrink by -33.71% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to shrink -30.70% in year-over-year returns.
Daqo New Energy Corp ADR (DQ) Top Institutional Holders
292 institutions hold shares in Daqo New Energy Corp ADR (DQ), with institutional investors hold 50.63% of the company’s shares. The shares outstanding are 74.98M, and float is at 74.55M with Short Float at 4.74%. Institutions hold 44.46% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 2.97 million shares valued at $117.79 million. The investor’s holdings represent 3.84% of the DQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 2.73 million shares valued at $108.27 million to account for 3.53% of the shares outstanding. The other top investors are Franklin Resources, Inc. which holds 2.57 million shares representing 3.33% and valued at over $102.13 million, while FIL LTD holds 3.30% of the shares totaling 2.55 million with a market value of $101.12 million.
