Daqo New Energy Corp. (DQ) Stock: A Closer Look at the Analyst Ratings

Daqo New Energy Corp. (NYSE: DQ) has a price-to-earnings ratio of 2.80x that is above its average ratio. Additionally, the 36-month beta value for DQ is 0.53. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”

The average price predicted by analysts for DQ is $42.18, which is $11.43 above the current price. The public float for DQ is 69.87M and currently, short sellers hold a 4.93% ratio of that float. The average trading volume of DQ on September 01, 2023 was 930.39K shares.

DQ) stock’s latest price update

Daqo New Energy Corp. (NYSE: DQ)’s stock price has increased by 0.49 compared to its previous closing price of 36.79. However, the company has seen a 4.26% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-25 that The journey hasn’t been without its hurdles, but amidst these dynamics, the quest for the best Chinese stocks leads to a surprising revelation. China, often viewed as the economic dynamo of the East, has been grappling with myriad challenges in the past couple of years.

DQ’s Market Performance

DQ’s stock has risen by 4.26% in the past week, with a monthly rise of 2.55% and a quarterly drop of -1.12%. The volatility ratio for the week is 2.83% while the volatility levels for the last 30 days are 4.00% for Daqo New Energy Corp. The simple moving average for the last 20 days is 2.76% for DQ stock, with a simple moving average of -14.53% for the last 200 days.

Analysts’ Opinion of DQ

Many brokerage firms have already submitted their reports for DQ stocks, with Nomura repeating the rating for DQ by listing it as a “Buy.” The predicted price for DQ in the upcoming period, according to Nomura is $45 based on the research report published on August 04, 2023 of the current year 2023.

DQ Trading at -1.12% from the 50-Day Moving Average

After a stumble in the market that brought DQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.78% of loss for the given period.

Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.33% lower at present.

During the last 5 trading sessions, DQ rose by +4.26%, which changed the moving average for the period of 200-days by -33.64% in comparison to the 20-day moving average, which settled at $36.11. In addition, Daqo New Energy Corp. saw -4.25% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for DQ

Current profitability levels for the company are sitting at:

• +66.05 for the present operating margin
• +73.95 for the gross margin

The net margin for Daqo New Energy Corp. stands at +39.49. The total capital return value is set at 65.53, while invested capital returns managed to touch 52.22. Equity return is now at value 21.80, with 13.80 for asset returns.

Based on Daqo New Energy Corp. (DQ), the company’s capital structure generated 0.43 points at debt to equity in total, while total debt to capital is 0.43.

When we switch over and look at the enterprise to sales, we see a ratio of -0.22, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 6.15 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.64.

Conclusion

In conclusion, Daqo New Energy Corp. (DQ) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.