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After finishing at $18.05 in the prior trading day, Daqo New Energy Corp ADR (NYSE: DQ) closed at $17.85, down -1.11%. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 1.9 million shares were traded. DQ stock price reached its highest trading level at $18.22 during the session, while it also had its lowest trading level at $17.77.
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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on May 06, 2024, Downgraded its rating to Reduce and sets its target price to $17.50 from $23.50 previously.
On September 19, 2023, Daiwa Securities Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $45 to $32.
Nomura Upgraded its Neutral to Buy on August 04, 2023, while the target price for the stock was maintained at $45.
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 1173816064 and an Enterprise Value of 4844375552. As of this moment, Daqo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.34, and their Forward P/E ratio for the next fiscal year is 5.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 0.25. Its current Enterprise Value per Revenue stands at 2.406 whereas that against EBITDA is 9.329.
Stock Price History:
Over the past 52 weeks, DQ has reached a high of $41.43, while it has fallen to a 52-week low of $17.30. The 50-Day Moving Average of the stock is -14.37%, while the 200-Day Moving Average is calculated to be -25.73%.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 780970 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 65.64M. Insiders hold about 0.56% of the company’s shares, while institutions hold 50.34% stake in the company. Shares short for DQ as of 1715731200 were 2300746 with a Short Ratio of 2.23, compared to 1713139200 on 2913900. Therefore, it implies a Short% of Shares Outstanding of 2300746 and a Short% of Float of 5.0100001999999995.
