While Daqo New Energy Corp ADR has overperformed by 7.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DQ fell by -41.86%, with highs and lows ranging from $31.19 to $13.62, whereas the simple moving average fell by -12.96% in the last 200 days.
On August 27, 2024, HSBC Securities Upgraded Daqo New Energy Corp ADR (NYSE: DQ) to Hold. A report published by Goldman on July 11, 2024, Initiated its previous ‘Buy’ rating for DQ. HSBC Securities also Downgraded DQ shares as ‘Reduce’, setting a target price of $17.50 on the company’s shares in a report dated May 06, 2024. Daiwa Securities September 19, 2023d the rating to Neutral on September 19, 2023, and set its price target from $45 to $32. Nomura August 04, 2023d its ‘Neutral’ rating to ‘Buy’ for DQ, as published in its report on August 04, 2023. Goldman also rated the stock as ‘Neutral’.
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Analysis of Daqo New Energy Corp ADR (DQ)
Further, the quarter-over-quarter decrease in sales is -65.46%, showing a negative trend in the upcoming months.
One of the most important indicators of Daqo New Energy Corp ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.27, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DQ is recording 756.25K average volume. On a monthly basis, the volatility of the stock is set at 5.57%, whereas on a weekly basis, it is put at 5.96%, with a gain of 6.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.48, showing growth from the present price of $17.57, which can serve as yet another indication of whether DQ is worth investing in or should be passed over.
How Do You Analyze Daqo New Energy Corp ADR Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DQ shares are owned by institutional investors to the tune of 43.93% at present.
