While Daqo New Energy Corp ADR has overperformed by 14.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DQ rose by 23.63%, with highs and lows ranging from $30.03 to $13.62, whereas the simple moving average jumped by 47.03% in the last 200 days.
On October 02, 2024, HSBC Securities Upgraded Daqo New Energy Corp ADR (NYSE: DQ) to Buy. A report published by HSBC Securities on August 27, 2024, Upgraded its rating to ‘Hold’ for DQ. HSBC Securities May 06, 2024d the rating to Reduce on May 06, 2024, and set its price target from $23.50 to $17.50. Daiwa Securities September 19, 2023d its ‘Outperform’ rating to ‘Neutral’ for DQ, as published in its report on September 19, 2023. Nomura’s report from August 04, 2023 suggests a price prediction of $45 for DQ shares, giving the stock a ‘Buy’ rating. Daiwa Securities also rated the stock as ‘Outperform’.
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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.
Daqo New Energy Corp ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and DQ has an average volume of 1.02M. On a monthly basis, the volatility of the stock is set at 8.25%, whereas on a weekly basis, it is put at 11.60%, with a gain of 47.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.04, showing decline from the present price of $29.14, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 43.83% 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 43.83% at present.
