Analysis Of The Weekly Performance Of Daqo New Energy Corp. (DQ)

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Daqo New Energy Corp. (NYSE:DQ) traded with a subtraction of -$2.47 to $52.74 on Thursday, a downside of -4.47 percent. An average of 1,203,684 shares of common stock have been traded in the last five days. There was a fall of -$4.95 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,499,221 shares traded, while the 50-day average volume stands at 1,500,298.

DQ stock has decreased by -11.37% in the last month. The company shares reached their 1-month lowest point of $52.29 on 09/22/22. With the stock rallying to its 52-week high on 07/07/22, shares of the company touched a low of $32.20 and a high of $81.10 in 52 weeks. It has reached a new high 16 times so far this year and achieved 36.93% or $12.54 in price. In spite of this, the price is down -34.97% from the 52-week high.


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Valuation Metrics

Daqo New Energy Corp. (DQ) has a trailing price-to-earnings (P/E) ratio of 2.65. The stock’s beta is 0.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 1.02.

Financial Health

The quick ratio of Daqo New Energy Corp. for the three months ended June 29 was 5.50, and the current ratio was 5.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.1 billion compared to revenue of $1.68 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Daqo New Energy Corp.’s return on assets was 37.10%.

Earnings Surprise

For the three-month period that ended June 29, Daqo New Energy Corp. had $280.25 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $748.92 million in the quarter, while revenues were grew 82.75%. The analyst consensus anticipated Daqo New Energy Corp.’s latest quarter earnings to come in at $6.13 per share, but it turned out to be $8.18, a 33.40% surprise. For the quarter, EBITDA amounted to $927.58 million. At the end of the quarter ending June 29, Daqo New Energy Corp.’s stock balance sheet showed total liabilities of 974.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Daqo New Energy Corp. (DQ) price momentum. RSI 9-day as of the close on 21 September was 25.23%, suggesting the stock is oversold, with historical volatility in this time frame at 36.48%.

As of today, DQ’s price is $55.37 -8.56% or -$4.95 from its 5-day moving average. DQ is currently trading -15.06% lower than its 20-day SMA and +27.16% higher than its 100-day SMA. However, the stock’s current price level is -23.94% below the SMA50 and +19.97% above the SMA200.

The stochastic %K and %D were 7.44% and 8.99%, respectively, and the average true range (ATR) was 3.41. With the 14-day stochastic at 3.32% and the average true range at 3.62, the RSI (14) stands at 32.56%. The stock has reached -3.47 on the 9-day MACD Oscillator while the 14-day reading was at -6.00.

Analyst Ratings

Daiwa Securities downgraded Daqo New Energy Corp. (NYSE: DQ) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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