The stock of Daqo New Energy Corp. (NYSE:DQ) increased by $0.26 on Friday to finish at $35.72, up 0.73 percent. The last five days have seen an average of 775,420 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$2.89. The average number of shares traded over the last 20 days was 1,182,240, while the average volume over the last 50 days totaled 915,608.
DQ stock dropped -4.47% since last month. On 08/03/23, the company’s shares reached a one-month low of $33.40. The stock touched a high of $73.36 on 03/06/23, after rallying from a low of $33.40 in 52 weeks. The price of DQ stock has declined by -7.49% or -$2.89 this year, reaching a new high 9 times. Still, the stock price is down -51.31% 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 2.70. Beta for the stock is 0.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 0.56, and the price-to-cash flow ratio of 2.08.
Financial Health
For the three months ended June 29, Daqo New Energy Corp.’s quick ratio was 5.80, while its current ratio was 6.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 70.30% percent. Daqo New Energy Corp.’s EBITDA margin for the year ended June 29 was 68.37%, whereas its operating margin stood at 58.10% for the same period. Based on annual data, it had gross profit of $3.41 billion and revenue of $4.61 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DQ’s return on assets (ROA) during the last 12 months has been 13.80%. There was a 51.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.80%.
Earnings Surprise
According to Daqo New Energy Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.61 billion, while revenues rose by 63.57% to $0.0. It was predicted that Daqo New Energy Corp.’s quarterly earnings would be $1.6, but it ended up being $4.67, beating the consensus by -65.70%. EBITDA was $213.87 million for the quarter.
Technical Picture
Here’s a quick look at Daqo New Energy Corp.’s (DQ) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 48.01%, suggesting the stock is Neutral, with a 24.47% historical volatility rate.
The stochastic %K and %D were 34.14% and 29.57% respectively, while the average true range (ATR) was 1.53. Based on the 14-day stochastic reading of 35.94%, the RSI (14) reading is 46.20%. On the 9-day MACD Oscillator, the stock is at 0.34, and the 14-day reading is at -0.19.
Analyst Ratings
In its most recent analyst report, Nomura raised its rating on Daqo New Energy Corp. (NYSE: DQ) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Daqo New Energy Corp. (DQ) an Hold rating. DQ is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is DQ’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.66 and $67.70, with a median target price of $42.50. In analyzing these forecasts, the average price target given by analysts for Daqo New Energy Corp. (DQ) is $42.18.
