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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.
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3 Wall Street research analysts have issued 1 year 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 twelve months. This suggests a possible upside of 52.7% from the stock's current price.
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Daqo New Energy's stock was trading at $26.60 on January 1st, 2024. Since then, DQ stock has decreased by 10.8% and is now trading at $23.73.
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Daqo New Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,860,000 shares, an increase of 9.3% from the March 15th total of 3,530,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is currently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Daqo New Energy Corp. (NYSE:DQ) posted its earnings results on Wednesday, February, 28th. The semiconductor company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.84 by $0.20. The semiconductor company had revenue of $477.13 million for the quarter, compared to the consensus estimate of $529.40 million. Daqo New Energy had a net margin of 18.24% and a trailing twelve-month return on equity of 6.42%. During the same period in the previous year, the company earned $4.71 EPS.

ETFs with the largest weight of Daqo New Energy (NYSE:DQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), Global X Clean Tech ETF (CTEC), Invesco Solar ETF (TAN), Global X MSCI China Information Technology ETF (CHIK), ERShares NextGen Entrepreneurs ETF (ERSX), Invesco Golden Dragon China ETF (PGJ) and iShares Breakthrough Environmental Solutions ETF (ETEC).

Daqo New Energy shares split on the morning of Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly created shares were distributed to shareholders after the market closes 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 announced that its board has approved a share repurchase program on Wednesday, June 1st 2022, which allows the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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).

Daqo New Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Atlas Capital Advisors LLC (0.00%).

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.
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