Daqo New Energy Corp ADR (NYSE:DQ) currently has a daily average trading volume of 962.31K but it saw 765140 shares traded in last market. With a market cap of 1.16B USD, the company’s current market price of $17.53 came rising about 4.04 while comparing to the previous closing price of $16.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $40.13 and as low as $14.21.
Taking a look at 20-day trading activity of Daqo New Energy Corp ADR (DQ) gives us an average price of $16.60, while its current price level is -56.32% below from 52-week high level whereas it is 23.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.17 while that of 200 days or SMA-200 reads an average of $22.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.73% during that period while stretching the period over a month that increases to 5.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.72 which implies that the stock is in neutral territory.
HSBC Securities downgraded its recommendation for the stock as a “Reduce” from “Hold” on May 06, 2024 while assigning a price target range of $23.50-$17.50. Daiwa Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $45 and $32.
Over the week, DQ’s stock price is moving 4.78% up while it is 22.50% when we observe its performance for the past one month. Year-to-date it is -34.10% down and over the past year, the stock is showing a downside performance of -55.13%.
Currently, Daqo New Energy Corp ADR’s total number of outstanding shares is 65.70M. Company’s return on investment (ROI) stands at 3.35% and return on equity (ROE) at 3.23%. It has a price to earnings ratio (P/E ratio) of 8.19 while having a 7.97 of forward P/E ratio. Stock’s beta reads 0.26. Stock has a price to book (P/B) ratio of 0.24 while price to sale or P/S ratio amounts to 0.57. Its return on asset (ROA) is 2.04% on average.
