NYSE:DQ

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

$18.91
-0.11 (-0.58%)
(As of 03:02 PM ET)
Today's Range
$18.75
$19.16
50-Day Range
$18.76
$29.42
52-Week Range
$17.30
$44.86
Volume
624,506 shs
Average Volume
1.22 million shs
Market Capitalization
$1.25 billion
P/E Ratio
8.88
Dividend Yield
N/A
Price Target
$27.63

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
46.1% Upside
$27.63 Price Target
Short Interest
Healthy
4.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.48mentions of Daqo New Energy in the last 14 days
Based on 13 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.

4.27 out of 5 stars

Basic Materials Sector

31st out of 169 stocks

Semiconductors & Related Devices Industry

24th 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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See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/07/2024
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
+44.9%
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
$7.45 per share
Book Value
$83.46 per share

Miscellaneous

Free Float
49,967,000
Market Cap
$1.26 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 equities research 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 equities research 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 analysts 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 predict the company's stock price to reach $27.63 in the next year. This suggests a possible upside of 46.1% 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 on January 1st, 2024. Since then, DQ shares have decreased by 28.9% and is now trading at $18.91.
View the best growth stocks for 2024 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,910,000 shares, a decrease of 24.6% from the March 31st total of 3,860,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover 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) posted its quarterly earnings data on Monday, April, 29th. The semiconductor company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm earned $3.52 earnings per share.

When did Daqo New Energy's stock split?

Daqo New Energy's stock split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly minted 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 repurchase program on Wednesday, June 1st 2022, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is 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 Ariose Capital Management Ltd (1.45%), BNP Paribas Financial Markets (1.06%), Mirae Asset Global Investments Co. Ltd. (0.19%), Simplex Trading LLC (0.00%), GSA Capital Partners LLP (0.04%) and Harel Insurance Investments & Financial Services Ltd. (0.02%).

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 5/7/2024 by MarketBeat.com Staff

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