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After finishing at $16.06 in the prior trading day, Daqo New Energy Corp ADR (NYSE: DQ) closed at $16.45, up 2.43%. In other words, the price has increased by $2.43 from its previous closing price. On the day, 0.54 million shares were traded. DQ stock price reached its highest trading level at $16.65 during the session, while it also had its lowest trading level at $15.96.
Ratios:
Our goal is to gain a better understanding of DQ by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.32 and its Current Ratio is at 4.59. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On May 06, 2024, HSBC Securities Downgraded its rating to Reduce which previously was Hold and also lowered its target price recommendation from $23.50 to $17.50.
Daiwa Securities Downgraded its Outperform to Neutral on September 19, 2023, whereas the target price for the stock was revised from $45 to $32.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DQ now has a Market Capitalization of 1081752064 and an Enterprise Value of 4384445440. As of this moment, Daqo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.69, and their Forward P/E ratio for the next fiscal year is 10.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 2.178 whereas that against EBITDA is 8.443.
Stock Price History:
Over the past 52 weeks, DQ has reached a high of $37.92, while it has fallen to a 52-week low of $14.21. The 50-Day Moving Average of the stock is -5.89%, while the 200-Day Moving Average is calculated to be -24.08%.
Shares Statistics:
The stock has traded on average 864.01K shares per day over the past 3-months and 730900 shares per day over the last 10 days, according to various share statistics. A total of 65.70M shares are outstanding, with a floating share count of 65.32M. Insiders hold about 1.04% of the company’s shares, while institutions hold 54.05% stake in the company. Shares short for DQ as of 1722384000 were 2702005 with a Short Ratio of 3.13, compared to 1719532800 on 2419916. Therefore, it implies a Short% of Shares Outstanding of 2702005 and a Short% of Float of 5.88.
