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

On Friday, Daqo New Energy Corp ADR (NYSE: DQ) was 10.99% up from the session before settling in for the closing price of $22.84. A 52-week range for DQ has been $12.40 – $30.85.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

When this article was written, the company’s average yearly earnings per share was at 34.67%. With a float of $66.05 million, this company’s outstanding shares have now reached $66.75 million.

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

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Daqo New Energy Corp ADR stocks. The insider ownership of Daqo New Energy Corp ADR is 1.06%, while institutional ownership is 45.38%.

Daqo New Energy Corp ADR (DQ) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.59 earnings per share (EPS) during the time that was less than consensus figure (set at 0.18) by -0.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

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

You can see what Daqo New Energy Corp ADR (DQ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 5.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.85.

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 -0.36 in one year’s time.

Technical Analysis of Daqo New Energy Corp ADR (DQ)

Compared to the last year’s volume of 0.99 million, its volume of 1.73 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 44.31%.

During the past 100 days, Daqo New Energy Corp ADR’s (DQ) raw stochastic average was set at 92.50%, which indicates a significant increase from 81.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.21 in the past 14 days, which was higher than the 0.96 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $20.56, while its 200-day Moving Average is $18.28. Nevertheless, the first resistance level for the watch stands at $26.65 in the near term. At $27.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.51. If the price goes on to break the first support level at $23.79, it is likely to go to the next support level at $22.24. Now, if the price goes above the second support level, the third support stands at $20.93.

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

There are 67,057K outstanding shares of the company, which has a market capitalization of 1.69 billion. As of now, sales total 1,029 M while income totals -345,220 K. Its latest quarter income was 123,910 K while its last quarter net income were -71,840 K.

News Daemon
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.