Daqo New Energy Corp ADR (DQ)’s Market Momentum: Closing Strong at 19.25, Down -4.42

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As of close of business last night, Daqo New Energy Corp ADR’s stock clocked out at $19.25, down -4.42% from its previous closing price of $20.14. In other words, the price has decreased by -$4.42 from its previous closing price. On the day, 0.56 million shares were traded. DQ stock price reached its highest trading level at $20.12 during the session, while it also had its lowest trading level at $19.2.

Ratios:

To gain a deeper understanding of DQ’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.28 and its Current Ratio is at 4.61. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

HSBC Securities Upgraded its Reduce to Hold on August 27, 2024, while the target price for the stock was maintained at $15.

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 1265880064 and an Enterprise Value of 5687077376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 4.341 whereas that against EBITDA is 576.023.

Stock Price History:

Over the past 52 weeks, DQ has reached a high of $30.85, while it has fallen to a 52-week low of $13.62. The 50-Day Moving Average of the stock is -4.23%, while the 200-Day Moving Average is calculated to be -3.52%.

Shares Statistics:

It appears that DQ traded 1.47M shares on average per day over the past three months and 1216010 shares per day over the past ten days. A total of 65.70M shares are outstanding, with a floating share count of 65.18M. Insiders hold about 0.80% of the company’s shares, while institutions hold 43.38% stake in the company. Shares short for DQ as of 1730332800 were 3675265 with a Short Ratio of 2.50, compared to 1727654400 on 3566442. Therefore, it implies a Short% of Shares Outstanding of 3675265 and a Short% of Float of 8.0.

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