Daqo New Energy Corp ADR (NYSE: DQ) is -24.36% lower on its value in year-to-date trading and has touched a low of $13.62 and a high of $30.85 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 $18.32 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $20.12, the stock is -8.66% and -1.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 9.83% at the moment leaves the stock 0.75% off its SMA200. DQ registered -25.92% loss for a year compared to 6-month loss of -10.06%. The firm has a 50-day simple moving average (SMA 50) of $20.3632 and a 200-day simple moving average (SMA200) of $19.96975.
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The stock witnessed a -3.36% gain in the last 1 month and extending the period to 3 months gives it a 33.51%, and is -2.99% 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 6.55% over the week and 8.78% over the month.
Daqo New Energy Corp ADR (DQ) has around 5765 employees, a market worth around $1.32B and $1.31B in sales. Profit margin for the company is -9.16%. Distance from 52-week low is 47.72% and -34.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.55%).
The EPS is expected to shrink by -147.77% this year
The shares outstanding are 65.70M, and float is at 65.18M with Short Float at 5.64%.
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.
