Let’s look at the key reasons that are pushing Daqo New Energy Corp ADR (DQ) to new highs

On Tuesday, Daqo New Energy Corp ADR (NYSE: DQ) opened higher 7.21% from the last session, before settling in for the closing price of $14.01. Price fluctuations for DQ have ranged from $12.40 to $30.85 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 62.14% over the last five years. Company’s average yearly earnings per share was noted 47.38% at the time writing. With a float of $66.49 million, this company’s outstanding shares have now reached $66.75 million.

The firm has a total of 4749 workers. Let’s measure their productivity. In terms of profitability, gross margin is -49.69%, operating margin of -96.46%, and the pretax margin is -90.23%.

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 0.39%, while institutional ownership is 48.42%.

Daqo New Energy Corp ADR (DQ) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 47.38% 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 5.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.51, a number that is poised to hit -0.79 in the next quarter and is forecasted to reach -1.12 in one year’s time.

Technical Analysis of Daqo New Energy Corp ADR (DQ)

Analysing the last 5-days average volume posted by the [Daqo New Energy Corp ADR, DQ], we can find that recorded value of 1.1 million was better than the volume posted last year of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 61.99%. Additionally, its Average True Range was 0.99.

During the past 100 days, Daqo New Energy Corp ADR’s (DQ) raw stochastic average was set at 23.25%, which indicates a significant decrease from 75.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.46% in the past 14 days, which was higher than the 68.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.14, while its 200-day Moving Average is $18.25. Now, the first resistance to watch is $15.72. This is followed by the second major resistance level at $16.43. The third major resistance level sits at $16.98. If the price goes on to break the first support level at $14.46, it is likely to go to the next support level at $13.91. Now, if the price goes above the second support level, the third support stands at $13.20.

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

There are currently 67,057K shares outstanding in the company with a market cap of 1.00 billion. Presently, the company’s annual sales total 1,029 M according to its annual income of -345,220 K. Last quarter, the company’s sales amounted to 123,910 K and its income totaled -71,840 K.