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NYSE:DQ

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

$14.02
-0.83 (-5.59%)
(As of 12:56 PM ET)
Today's Range
$13.90
$14.67
50-Day Range
$14.31
$18.40
52-Week Range
$13.62
$37.92
Volume
524,755 shs
Average Volume
1.06 million shs
Market Capitalization
$925.42 million
P/E Ratio
6.58
Dividend Yield
N/A
Price Target
$24.26

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
59.2% Upside
$22.26 Price Target
Short Interest
Bearish
5.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.08mentions of Daqo New Energy in the last 14 days
Based on 31 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
758.70%
From $0.46 to $3.95 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.

4.29 out of 5 stars

Basic Materials Sector

74th out of 175 stocks

Semiconductors & Related Devices Industry

34th out of 86 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

Daqo New Energy (NYSE:DQ) Price Target Cut to $34.05
Daqo New Energy (NYSE:DQ) Upgraded to "Hold" by HSBC
Ex-CIA Advisor: “This Could be Worse than Trump’s Assassination Attempt”
A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…
Daqo New Energy (DQ) Scheduled to Post Quarterly Earnings on Monday
Daqo New Energy’s Q2 Results: What Investors Need to Know
Daqo New Energy Corp. (DQ) Q2 2024 Earnings Call Transcript
Ex-CIA Advisor: “This Could be Worse than Trump’s Assassination Attempt”
A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…
Q2 2024 Daqo New Energy Corp Earnings Call Transcript
DAQO New Energy Q2 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
8/26/2024
Today
8/28/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Employees
5,765
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$24.26
High Stock Price Target
$34.05
Low Stock Price Target
$15.00
Potential Upside/Downside
+67.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$429.55 million
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$2.01 billion
Cash Flow
$6.81 per share
Book Value
$83.46 per share

Miscellaneous

Free Float
49,967,000
Market Cap
$980.20 million
Optionable
Optionable
Beta
0.28

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DQ Stock Analysis - Frequently Asked Questions

How have DQ shares performed this year?

Daqo New Energy's stock was trading at $26.60 at the beginning of 2024. Since then, DQ stock has decreased by 47.4% and is now trading at $13.98.
View the best growth stocks for 2024 here
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) issued its quarterly earnings results on Monday, August, 26th. The semiconductor company reported ($1.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by $1.25. The semiconductor company earned $219.91 million during the quarter, compared to the consensus estimate of $406.50 million. Daqo New Energy had a net margin of 7.84% and a trailing twelve-month return on equity of 2.46%.

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 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.

Is Daqo New Energy buying back stock?

Daqo New Energy's Board of Directors approved a share buyback plan on Monday, July 22nd 2024, which allows the company to repurchase $100,000,000 in shares, according to EventVestor. This means that the company could purchase up to 8.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Does Daqo New Energy have any subsidiaries?

Daqo New Energy subsidiaries include 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..

Who are Daqo New Energy's major shareholders?

Daqo New Energy's top institutional investors include Mackenzie Financial Corp (3.78%), Ariose Capital Management Ltd (1.79%), Sylebra Capital LLC (1.43%) and Point72 Asset Management L.P. (1.15%).

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.

What other stocks do shareholders of Daqo New Energy own?

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

This page (NYSE:DQ) was last updated on 8/28/2024 by MarketBeat.com Staff

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