Daqo New Energy Corp. (NYSE: DQ) on June 21, 2022, started off the session at the price of $60.54, soaring 14.65% from the previous trading day. During the day, the shares moved up to $67.57 and dropped to $60.51 before settling in for the closing price of $58.44. Within the past 52 weeks, DQ’s price has moved between $32.20 and $90.48.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 53.60%. The company achieved an average annual earnings per share of 465.90%. With a float of $68.16 million, this company’s outstanding shares have now reached $74.38 million.
The extent of productivity of a business whose workforce counts for 2399 workers is very important to gauge.
Daqo New Energy Corp. (DQ) Insider Updates
Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Daqo New Energy Corp. is 76.40%, while institutional ownership is 59.00%.
Daqo New Energy Corp. (DQ) Performance Highlights and Predictions
As on 9/29/2021, Multinational firm has announced its last quarter scores, in which it reported $3.8 earnings per share (EPS) for the period topping the consensus outlook (set at $3.11) by $0.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 465.90% per share during the next fiscal year.
Daqo New Energy Corp. (NYSE: DQ) Trading Performance Indicators
Daqo New Energy Corp. (DQ) is currently performing well based on its current performance indicators. A quick ratio of 2.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 15.67, a number that is poised to hit 6.46 in the next quarter and is forecasted to reach 10.02 in one year’s time.
Technical Analysis of Daqo New Energy Corp. (DQ)
The latest stats from [Daqo New Energy Corp., DQ] show that its last 5-days average volume of 1.99 million was superior to 1.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 58.56%. Additionally, its Average True Range was 4.47.
During the past 100 days, Daqo New Energy Corp.’s (DQ) raw stochastic average was set at 98.39%, which indicates a significant increase from 96.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.68% in the past 14 days, which was higher than the 91.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.49, while its 200-day Moving Average is $50.22. Now, the first resistance to watch is $69.54. This is followed by the second major resistance level at $72.09. The third major resistance level sits at $76.60. If the price goes on to break the first support level at $62.48, it is likely to go to the next support level at $57.97. Assuming the price breaks the second support level, the third support level stands at $55.42.
Daqo New Energy Corp. (NYSE: DQ) Key Stats
Market capitalization of the company is 4.61 billion based on 74,507K outstanding shares. Right now, sales total 1,679 M and income totals 748,920 K. The company made 1,280 M in profit during its latest quarter, and 535,840 K in sales during its previous quarter.