Daqo New Energy Corp ADR (NYSE: DQ) is -36.17% lower on its value in year-to-date trading and has touched a low of $13.62 and a high of $31.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DQ stock was last observed hovering at around $17.57 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $16.98, the stock is 9.56% and 6.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -3.36% at the moment leaves the stock -15.77% off its SMA200. DQ registered -43.61% loss for a year compared to 6-month loss of -35.54%. The firm has a 50-day simple moving average (SMA 50) of $16.0124 and a 200-day simple moving average (SMA200) of $20.1282.
The stock witnessed a 15.59% gain in the last 1 month and extending the period to 3 months gives it a 10.91%, and is 0.18% 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 5.22% over the week and 5.28% over the month.
Daqo New Energy Corp ADR (DQ) has around 5765 employees, a market worth around $1.12B and $1.60B in sales. Profit margin for the company is -4.11%. Distance from 52-week low is 24.67% and -45.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.43%).
The EPS is expected to shrink by -139.48% this year
The shares outstanding are 65.70M, and float is at 65.02M with Short Float at 6.08%.
The top institutional shareholder in the company is CONTINENTAL GENERAL INSURANCE CO with over 5.14 million shares valued at $74.98 million. The investor’s holdings represent 7.8158 of the DQ Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 2.72 million shares valued at $39.76 million to account for 4.1444 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 2.67 million shares representing 4.0663 and valued at over $39.01 million, while MACKENZIE FINANCIAL CORP holds 3.8004 of the shares totaling 2.5 million with a market value of $36.46 million.
