Daqo New Energy Corp ADR (DQ) kicked off at the price of $21.78: Venture capitalists have an exciting new opportunity

On Friday, Daqo New Energy Corp ADR (NYSE: DQ) opened lower -3.93% from the last session, before settling in for the closing price of $22.67. Price fluctuations for DQ have ranged from $13.62 to $30.85 over the past 52 weeks.

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During the last 5-year period, the sales growth of Technology Sector giant was 91.53%. Company’s average yearly earnings per share was noted -166.56% at the time writing. With a float of $65.43 million, this company’s outstanding shares have now reached $65.70 million.

Let’s determine the extent of company efficiency that accounts for 5765 employees. In terms of profitability, gross margin is -4.61%, operating margin of -16.75%, and the pretax margin is -10.0%.

Daqo New Energy Corp ADR (DQ) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Daqo New Energy Corp ADR is 0.42%, while institutional ownership is 50.18%.

Daqo New Energy Corp ADR (DQ) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -166.56% per share during the next fiscal year.

Daqo New Energy Corp ADR (NYSE: DQ) Trading Performance Indicators

Check out the current performance indicators for Daqo New Energy Corp ADR (DQ). In the past quarter, the stock posted a quick ratio of 4.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.85, a number that is poised to hit -2.08 in the next quarter and is forecasted to reach -1.76 in one year’s time.

Technical Analysis of Daqo New Energy Corp ADR (DQ)

Looking closely at Daqo New Energy Corp ADR (NYSE: DQ), its last 5-days average volume was 1.04 million, which is a jump from its year-to-date volume of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 77.00%. Additionally, its Average True Range was 1.29.

During the past 100 days, Daqo New Energy Corp ADR’s (DQ) raw stochastic average was set at 36.13%, which indicates a significant decrease from 71.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.12% in the past 14 days, which was lower than the 91.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $19.34, while its 200-day Moving Average is $18.74. However, in the short run, Daqo New Energy Corp ADR’s stock first resistance to watch stands at $23.12. Second resistance stands at $24.45. The third major resistance level sits at $25.26. If the price goes on to break the first support level at $20.98, it is likely to go to the next support level at $20.17. Now, if the price goes above the second support level, the third support stands at $18.84.

Daqo New Energy Corp ADR (NYSE: DQ) Key Stats

There are currently 66,007K shares outstanding in the company with a market cap of 1.43 billion. Presently, the company’s annual sales total 2,308 M according to its annual income of 429,550 K. Last quarter, the company’s sales amounted to 198,500 K and its income totaled -60,720 K.