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The price of Daqo New Energy Corp ADR (NYSE: DQ) closed at $16.85 in the last session, down -2.88% from day before closing price of $17.35. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 0.6 million shares were traded. DQ stock price reached its highest trading level at $17.33 during the session, while it also had its lowest trading level at $16.67.
Ratios:
We take a closer look at DQ’s different ratios to gain a better understanding of the stock. 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 1140935424 and an Enterprise Value of 4680114688. As of this moment, Daqo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is 7.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 2.325 whereas that against EBITDA is 9.012.
Stock Price History:
Over the past 52 weeks, DQ has reached a high of $40.13, while it has fallen to a 52-week low of $14.21. The 50-Day Moving Average of the stock is -7.58%, while the 200-Day Moving Average is calculated to be -23.91%.
Shares Statistics:
According to the various share statistics, DQ traded on average about 977.47K shares per day over the past 3-months and 709000 shares per day over the past 10 days. 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 54.41% stake in the company. Shares short for DQ as of 1721001600 were 2676059 with a Short Ratio of 2.74, compared to 1718323200 on 2298711. Therefore, it implies a Short% of Shares Outstanding of 2676059 and a Short% of Float of 5.83.
