Trading Day Triumph: Daqo New Energy Corp ADR (DQ) Ends at 20.50, a 2.50 Surge/Plunge

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Daqo New Energy Corp ADR (NYSE: DQ) closed the day trading at $20.50 up 2.50% from the previous closing price of $20.00. In other words, the price has increased by $2.50 from its previous closing price. On the day, 1.01 million shares were traded. DQ stock price reached its highest trading level at $20.62 during the session, while it also had its lowest trading level at $19.17.

Ratios:

For a better understanding of DQ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.27 and its Current Ratio is at 4.57. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On August 27, 2024, HSBC Securities Upgraded its rating to Hold which previously was Reduce but kept the price unchanged to $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 1348080000 and an Enterprise Value of 5965352448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 3.737 whereas that against EBITDA is 50.157.

Stock Price History:

Over the past 52 weeks, DQ has reached a high of $30.03, while it has fallen to a 52-week low of $13.62. The 50-Day Moving Average of the stock is 20.10%, while the 200-Day Moving Average is calculated to be 2.56%.

Shares Statistics:

Over the past 3-months, DQ traded about 924.93K shares per day on average, while over the past 10 days, DQ traded about 1898710 shares per day. A total of 65.70M shares are outstanding, with a floating share count of 65.02M. Insiders hold about 1.04% of the company’s shares, while institutions hold 43.89% stake in the company. Shares short for DQ as of 1727654400 were 3566442 with a Short Ratio of 3.86, compared to 1724976000 on 3986818. Therefore, it implies a Short% of Shares Outstanding of 3566442 and a Short% of Float of 7.7700000000000005.

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