The newly issued shares were payable to shareholders after the closing bell on Monday, November 16th 2020. An investor that had 100 shares of stock prior to the split would have 500 shares after the split. Daqo New Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,760,000 shares, an increase of 9.0% from the August 15th total of 3,450,000 shares. Based on an average daily volume of 909,400 shares, the short-interest ratio is currently 4.1 days.
- According to the issued ratings of 4 analysts in the last year, the consensus rating for Daqo New Energy stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for DQ.
- It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions.
- This suggests a possible upside of 53.3% from the stock's current price.
- Since then, DQ shares have decreased by 13.5% and is now trading at $33.41.
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.
Daqo New Energy to Announce Unaudited Results for the Second Quarter of 2023 on August 3, 2023
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China. Daqo New Energy Corp is a polysilicon manufacturer based in China.
Since then, DQ shares have decreased by 13.5% and is now trading at $33.41. Analysts expect more trading volatility for the Arm stock if it draws more interest from AI-focused retail investors and also due to its limited public flat as SoftBank continues to own about 90% stake. Over the previous 90 days, Daqo New Energy's stock had 1 upgrade by analysts. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Nasdaq tech stocks expected to rise as much as 189%
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
DQ’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. It currently has just a 10% share in the segment that was expected to grow at an annual rate of 17% through 2025, mainly due to the advances in AI.
View analysts price targets for DQ or view top-rated stocks among Wall Street analysts. 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DQ shares. According to the issued ratings of 4 analysts in the last year, the consensus rating for Daqo New Energy stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for DQ. The average twelve-month price prediction for Daqo New Energy is $51.23 with a high price target of $70.00 and a low price target of $38.70.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. One share of DQ stock can currently be purchased for approximately $33.41. Sign-up to receive the latest news and ratings for Daqo New Energy and its competitors with MarketBeat's FREE daily newsletter.
Historical Target Prices and Ratings
The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People's Republic of China. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The stock that closed 25% higher than its offer price of $51 on Thursday was now up 33.9% from that level at $68.31. Sign-up to receive the latest news and ratings for DQ and its competitors with MarketBeat's FREE daily newsletter. Multiple news items boosted prospects for alternative energy companies today. The technique has proven to be very useful for finding positive surprises.
Analyst Ratings Daqo New Energy Corp. ADR
As of Thursday's close, Arm has a price-to-earnings ratio based on the last 12 months of 163, compared to 110 for Nvidia, according to LSEG data. The company is taking advantage of its soaring stock price by selling additional shares. Despite experiencing a decline in 2022, solar stocks continue to hold immense promise and potential as an explosive sector in the financial market. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Arm told potential investors in New York when it began marketing the IPO that the cloud computing market could be an area of growth for it.
Per-Share Earnings, Actuals & Estimates Daqo New Energy Corp. ADR
Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules scrips meaning in stock market for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
4 Wall Street research analysts have issued 12-month price targets for Daqo New Energy's stock. On average, they expect the company's https://1investing.in/ stock price to reach $51.23 in the next year. This suggests a possible upside of 53.3% from the stock's current price.