NYSE:DQ

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

$19.01
+0.43 (+2.31%)
(As of 02:27 PM ET)
Today's Range
$18.37
$19.34
50-Day Range
$18.56
$29.42
52-Week Range
$17.30
$44.08
Volume
1.09 million shs
Average Volume
1.22 million shs
Market Capitalization
$1.25 billion
P/E Ratio
8.92
Dividend Yield
N/A
Price Target
$27.63

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
45.3% Upside
$27.63 Price Target
Short Interest
Healthy
4.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of Daqo New Energy in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
91.12%
From $2.59 to $4.95 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.

4.36 out of 5 stars

Basic Materials Sector

24th out of 175 stocks

Semiconductors & Related Devices Industry

23rd out of 88 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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Daqo New Energy Q1 Net Profit Tanks; Stock Down In Pre-market
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/09/2024
Next Earnings (Estimated)
8/01/2024
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
$27.63
High Stock Price Target
$45.00
Low Stock Price Target
$17.50
Potential Upside/Downside
+45.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$429.55 million
Pretax Margin
37.96%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$7.43 per share
Book Value
$83.46 per share

Miscellaneous

Free Float
49,967,000
Market Cap
$1.25 billion
Optionable
Optionable
Beta
0.32

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DQ Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" DQ shares.
View DQ analyst ratings
or view top-rated stocks.

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

4 brokerages have issued 12 month price objectives for Daqo New Energy's shares. Their DQ share price targets range from $17.50 to $45.00. On average, they anticipate the company's share price to reach $27.63 in the next twelve months. This suggests a possible upside of 45.3% 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 2024. Since then, DQ shares have decreased by 28.5% and is now trading at $19.01.
View the best growth stocks for 2024 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a decline in short interest in April. As of April 15th, there was short interest totaling 2,910,000 shares, a decline of 24.6% from the March 31st total of 3,860,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 2.3 days.
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, August 1st 2024.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) released its quarterly earnings data on Monday, April, 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.32. The semiconductor company had revenue of $415.31 million for the quarter, compared to analyst estimates of $491.90 million. Daqo New Energy had a net margin of 7.84% and a trailing twelve-month return on equity of 2.46%. During the same quarter last year, the company posted $3.52 earnings per share.

When did Daqo New Energy's stock split?

Daqo New Energy shares split on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued 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.

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

Daqo New Energy announced that its board has approved a stock repurchase plan on Wednesday, June 1st 2022, which authorizes the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management 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 variety of institutional and retail investors. Top institutional shareholders include Ariose Capital Management Ltd (1.45%), BNP Paribas Financial Markets (1.06%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.20%), Mirae Asset Global Investments Co. Ltd. (0.19%), Simplex Trading LLC (0.00%) and Russell Investments Group Ltd. (0.06%).

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..
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This page (NYSE:DQ) was last updated on 5/9/2024 by MarketBeat.com Staff

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