Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Daqo New Energy (DQ)
NYSE:DQ
Daqo New Energy (DQ) Stock Price & Analysis
1,298 Followers
DQ Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$17.30 - $41.55
Previous Close$18.92
Volume735.98K
Average Volume (3M)1.02M
Market Cap
$1.25B
Enterprise Value$10.27M
Total Cash (Recent Filing)$3.04B
Total Debt (Recent Filing)$113.86M
Price to Earnings (P/E)8.8
Beta1.20
Next Earnings
Aug 14, 2024EPS Estimate
-$0.67Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.14
Shares Outstanding66,007,451
10 Day Avg. Volume727,188
30 Day Avg. Volume1,023,249
Standard Deviation0.22
R-Squared0.00705
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)0.27
Price to Sales (P/S)0.27
Price to Cash Flow (P/CF)2.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.34Price Target Upside7.51% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
Daqo New Energy News
PremiumCompany Announcements
Daqo New Energy Reports Q1 Financial DipBulls Say, Bears Say
Bulls Say
Market DemandGrowing solar installations should provide solid demand, supporting Daqo's plans to expand production capacity significantly.
Production EfficiencyDaqo is one of the world's largest and lowest-cost producers of high-purity polysilicon.
Strategic LocationDaqo's strategic location in Xinjiang with abundant fuel resources contributes to its competitive advantage in low electricity costs.
Bears Say
Financial PerformanceDaqo's 2Q24 expected gross margins are projected to be deeply negative, while the consensus is currently modeling them at +3.9%.
Market ConditionsGlobal poly-Si prices are actively declining, leading to structural excesses in the market, while Daqo is still going ahead with expanding its poly-Si capacity.
Stock Price TargetAnalyst's year-end 2024 price target for Daqo's stock is adjusted lower to $12.51 per share, a 37.4% downside from the previous closing price.
---
Ownership Overview
0.00%
Insiders
5.19% Mutual Funds
22.67% Other Institutional Investors
72.14% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
DQ FAQ
What was Daqo New Energy’s price range in the past 12 months?
Daqo New Energy lowest stock price was $17.30 and its highest was $41.55 in the past 12 months.
What is Daqo New Energy’s market cap?
Currently, no data Available
When is Daqo New Energy’s upcoming earnings report date?
Daqo New Energy’s upcoming earnings report date is Aug 14, 2024 which is in 58 days.
How were Daqo New Energy’s earnings last quarter?
Daqo New Energy released its earnings results on Apr 29, 2024. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by -$0.32.
Is Daqo New Energy overvalued?
According to Wall Street analysts Daqo New Energy’s price is currently Undervalued.
Does Daqo New Energy pay dividends?
Daqo New Energy does not currently pay dividends.
What is Daqo New Energy’s EPS estimate?
Daqo New Energy’s EPS estimate is -$0.67.
How many shares outstanding does Daqo New Energy have?
Daqo New Energy has 66,007,454 shares outstanding.
What happened to Daqo New Energy’s price movement after its last earnings report?
Daqo New Energy reported an EPS of $0.24 in its last earnings report, missing expectations of $0.56. Following the earnings report the stock price went down -9.225%.
Which hedge fund is a major shareholder of Daqo New Energy?
Among the largest hedge funds holding Daqo New Energy’s share is Causeway Capital Management LLC. It holds Daqo New Energy’s shares valued at 19M.
---
Daqo New Energy Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$20.34 (7.51% Upside)
$20.34 (7.51% Upside)
Blogger Sentiment
Bullish
DQ Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 482.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days <0.1%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-54.68%
12-Months-Change
Fundamentals
Return on Equity
3.23%
Trailing 12-Months
Asset Growth
-11.51%
Trailing 12-Months
Company Description
Daqo New Energy
Daqo New Energy Corp. is a holding company, which engages in the manufacture and sale of polysilicon products for the solar cell and module manufacturers. It operates through the Polysilicon and Wafer segment. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Chongqing, China.
---
DQ Company Deck
---
DQ Earnings Call
Q1 2024
0:00 / 0:00
---
DQ Stock 12 Month Forecast
Average Price Target
$20.34
▲(7.51% Upside)
Technical Analysis
Best Analysts Covering DQ
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
+114.86%
downgraded a sell rating 3 months ago
Copying Dennis Ip's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +114.86% per trade.
---