While Daqo New Energy Corp ADR has underperformed by -3.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DQ fell by -32.10%, with highs and lows ranging from $30.85 to $13.62, whereas the simple moving average fell by -8.22% in the last 200 days.
On October 30, 2024, Daiwa Securities Upgraded Daqo New Energy Corp ADR (NYSE: DQ) to Outperform. A report published by HSBC Securities on October 02, 2024, Upgraded its rating to ‘Buy’ for DQ. HSBC Securities also Upgraded DQ shares as ‘Hold’, setting a target price of $15 on the company’s shares in a report dated August 27, 2024. HSBC Securities May 06, 2024d its ‘Hold’ rating to ‘Reduce’ for DQ, as published in its report on May 06, 2024. Daiwa Securities’s report from September 19, 2023 suggests a price prediction of $32 for DQ shares, giving the stock a ‘Neutral’ rating. Nomura also rated the stock as ‘Buy’.
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Analysis of Daqo New Energy Corp ADR (DQ)
Further, the quarter-over-quarter decrease in sales is -59.06%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Daqo New Energy Corp ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -2.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.28, 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.
An average volume of 1.47M can be a very valuable indicator of volatility for DQ stock. On a monthly basis, the volatility of the stock is set at 8.57%, whereas on a weekly basis, it is put at 5.05%, with a loss of -15.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.01, showing growth from the present price of $18.32, 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 the fundamentals, you should also consider how many employees own shares in 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 0.80%. 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 43.38% 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 43.38% at present.
