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DOW   39,807.37
QQQ   444.01
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Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NYSE:DQ

Daqo New Energy (DQ) Stock Price, News & Analysis

$28.15
+1.44 (+5.39%)
(As of 03/28/2024 ET)
Today's Range
$26.70
$28.98
50-Day Range
$17.79
$29.42
52-Week Range
$17.30
$49.01
Volume
1.51 million shs
Average Volume
1.37 million shs
Market Capitalization
$2.18 billion
P/E Ratio
5.20
Dividend Yield
N/A
Price Target
$36.23

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
28.7% Upside
$36.23 Price Target
Short Interest
Healthy
4.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Daqo New Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
72.91%
From $4.06 to $7.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Basic Materials Sector

31st out of 171 stocks

Semiconductors & Related Devices Industry

21st out of 90 stocks

DQ stock logo

About Daqo New Energy Stock (NYSE:DQ)

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.

DQ Stock Price History

DQ Stock News Headlines

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Most investors focus on the volume profile of the stocks they analyze, forgetting that there is another primary market that can act as a leading indicator. Options often give you a glimpse of the direction the market expects a stock to take.
3 Stocks About to Boom on Unusual Call Option Volume
The writing is on the wall for a major trend in these three stocks, so clear that options traders came stampeding in to place their bullish bets
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Now All Grown Up, Should Daqo Consider Privatizing?
Daqo: Q4 Earnings Snapshot
Recap: Daqo New Energy Q4 Earnings
Daqo New Energy's Earnings: A Preview
3 High-Growth China Stocks American Investors Can Buy
DQ Mar 2024 17.500 call
DQ Mar 2024 30.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/29/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
4,099
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$36.23
High Stock Price Target
$45.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+28.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$421.16 million
Pretax Margin
35.45%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$22.34 per share
Book Value
$83.35 per share

Miscellaneous

Free Float
58,490,000
Market Cap
$2.18 billion
Optionable
Optionable
Beta
0.19

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DQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Daqo New Energy stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DQ, but not buy additional shares or sell existing shares.
View DQ analyst ratings
or view top-rated stocks.

What is Daqo New Energy's stock price target for 2024?

3 brokers have issued 12 month price targets for Daqo New Energy's stock. Their DQ share price targets range from $25.00 to $45.00. On average, they predict the company's stock price to reach $36.23 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
View analysts price targets for DQ
or view top-rated stocks among Wall Street analysts.

How have DQ shares performed in 2024?

Daqo New Energy's stock was trading at $26.60 at the beginning of the year. Since then, DQ shares have increased by 5.8% and is now trading at $28.15.
View the best growth stocks for 2024 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 3,490,000 shares, a drop of 5.2% from the February 14th total of 3,680,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 5.1% of the company's shares are short sold.
View Daqo New Energy's Short Interest
.

When is Daqo New Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) issued its quarterly earnings results on Wednesday, February, 28th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.20. The semiconductor company had revenue of $477.13 million for the quarter, compared to analyst estimates of $529.40 million. Daqo New Energy had a trailing twelve-month return on equity of 6.42% and a net margin of 18.24%. During the same quarter last year, the business posted $4.71 EPS.

When did Daqo New Energy's stock split?

Daqo New Energy's stock split on the morning of Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued shares were issued 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.

How will Daqo New Energy's stock buyback program work?

Daqo New Energy declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 1st 2022, which allows the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

What other stocks do shareholders of Daqo New Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Daqo New Energy investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), JD.com (JD), PayPal (PYPL), QUALCOMM (QCOM), Block (SQ), Enphase Energy (ENPH) and Netflix (NFLX).

Who are Daqo New Energy's major shareholders?

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (3.53%), Vanguard Group Inc. (2.57%), Vanguard Group Inc. (2.57%), Tairen Capital Ltd (2.40%), Mackenzie Financial Corp (2.32%) and Alpine Investment Management Ltd (1.94%).

How do I buy shares of Daqo New Energy?

Shares of DQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Daqo New Energy have any subsidiaries?
The following companies are subsidiares of Daqo New Energy: Chongqing Daqo New Energy Co. Ltd., Daqo New Energy (Hong Kong) Co. Limited, Xinjiang Daqo Guodi Silicon Material Technology Co. Ltd., Xinjiang Daqo Investment Co. Ltd., Xinjiang Daqo Lvchuang Environmental Technology Co. Ltd., and Xinjiang Daqo New Energy Co. Ltd..
Read More
This page (NYSE:DQ) was last updated on 3/29/2024 by MarketBeat.com Staff

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