Daqo New Energy Corp ADR (NYSE: DQ) is -29.84% lower on its value in year-to-date trading and has touched a low of $12.90 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 $14.56 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $13.64, the stock is -22.98% and -28.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -6.32% at the moment leaves the stock -26.31% off its SMA200. DQ registered -49.41% loss for a year compared to 6-month loss of -34.86%. The firm has a 50-day simple moving average (SMA 50) of $19.1446 and a 200-day simple moving average (SMA200) of $18.5106.
The stock witnessed a -26.31% gain in the last 1 month and extending the period to 3 months gives it a -33.37%, and is -17.93% 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 14.41% over the week and 7.25% over the month.
Profit margin for the company is -33.55%. Distance from 52-week low is 5.74% and -55.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.34%).
The EPS is expected to grow by 60.98% this year
191.0 institutions hold shares in Daqo New Energy Corp ADR (DQ), with institutional investors hold 53.95% of the company’s shares. The shares outstanding are 65.70M, and float is at 65.45M with Short Float at 6.01%. Institutions hold 51.34% of the Float.
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 CONTINENTAL GENERAL INSURANCE CO which holds 5.14 million shares representing 1.5561 and valued at over $74.98 million, while FIL LTD holds 0.8251 of the shares totaling 2.72 million with a market value of $39.76 million.
