Daqo New Energy Corp ADR (NYSE: DQ) is 16.62% higher 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 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 $22.60 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $22.67, the stock is 14.60% and 17.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 0.31% at the moment leaves the stock 21.06% off its SMA200. DQ registered 15.55% gain for a year compared to 6-month gain of 43.39%.
The stock witnessed a 24.63% loss in the last 1 month and extending the period to 3 months gives it a 17.77%, and is 8.06% 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 6.23% over the week and 5.59% over the month.
Daqo New Energy Corp ADR (DQ) has around 5765 employees, a market worth around $1.49B and $1.31B in sales. Profit margin for the company is -9.16%. Distance from 52-week low is 66.45% and -26.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.55%).
with sales reaching $153.54M over the same period.The EPS is expected to shrink by -166.56% this year, but quarterly earnings will post -55.19% year-over-year. Quarterly sales are estimated to shrink -67.82% in year-over-year returns.
The shares outstanding are 65.70M, and float is at 65.43M with Short Float at 5.79%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.01 million shares valued at $29.3 million. The investor’s holdings represent 3.0539 of the DQ Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 1.63 million shares valued at $23.75 million to account for 2.4758 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.16 million shares representing 1.7699 and valued at over $16.98 million, while CONTINENTAL GENERAL INSURANCE CO holds 1.5561 of the shares totaling 5.14 million with a market value of $74.98 million.
