A new trading day began on Friday, with Daqo New Energy Corp ADR (NYSE: DQ) stock price up 8.35% from the previous day of trading, before settling in for the closing price of $26.96. DQ’s price has ranged from $12.40 to $30.85 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 35.62%. With a float of $66.05 million, this company’s outstanding shares have now reached $66.75 million.
Daqo New Energy Corp ADR (DQ) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Daqo New Energy Corp ADR is 1.06%, while institutional ownership is 45.38%.
Daqo New Energy Corp ADR (DQ) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.59 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.81 per share during the current fiscal year.
Daqo New Energy Corp ADR (NYSE: DQ) Trading Performance Indicators
Here are Daqo New Energy Corp ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.84, a number that is poised to hit -0.49 in the next quarter and is forecasted to reach -0.47 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 2.33 million was better than the volume posted last year of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 90.92%.
During the past 100 days, Daqo New Energy Corp ADR’s (DQ) raw stochastic average was set at 97.00%, which indicates a significant increase from 93.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.43 in the past 14 days, which was higher than the 0.95 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.61, while its 200-day Moving Average is $18.40. Now, the first resistance to watch is $30.19. This is followed by the second major resistance level at $31.16. The third major resistance level sits at $32.60. If the price goes on to break the first support level at $27.78, it is likely to go to the next support level at $26.34. Should the price break the second support level, the third support level stands at $25.37.
Daqo New Energy Corp ADR (NYSE: DQ) Key Stats
With a market capitalization of 1.95 billion, the company has a total of 67,057K Shares Outstanding. Currently, annual sales are 1,029 M while annual income is -345,220 K. The company’s previous quarter sales were 75,190 K while its latest quarter income was -76,480 K.
