Daqo New Energy Corp ADR (NYSE: DQ) is -22.93% lower on its value in year-to-date trading and has touched a low of $13.62 and a high of $30.03 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 $20.00 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $20.50, the stock is 5.34% and 20.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 2.50% at the moment leaves the stock 2.56% off its SMA200. DQ registered -25.62% loss for a year compared to 6-month loss of -12.17%. The firm has a 50-day simple moving average (SMA 50) of $17.0698 and a 200-day simple moving average (SMA200) of $19.988.
The stock witnessed a 33.81% gain in the last 1 month and extending the period to 3 months gives it a 29.42%, and is -16.26% down 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 10.40% over the week and 7.48% over the month.
Daqo New Energy Corp ADR (DQ) has around 5765 employees, a market worth around $1.35B and $1.60B in sales. Profit margin for the company is -4.11%. Distance from 52-week low is 50.51% and -31.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.43%).
with sales reaching $187.93M over the same period.The EPS is expected to shrink by -145.51% this year, but quarterly earnings will post -53.70% year-over-year.
Daqo New Energy Corp ADR (DQ) Top Institutional Holders
The shares outstanding are 65.70M, and float is at 65.02M with Short Float at 5.49%.
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.
Daqo New Energy Corp ADR (DQ) Insider Activity
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