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

Company Overview

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.

Key Stats

• Today's Range: $17.15 to $17.80
• 50-Day Range: $17.21 to $29.15
• 52-Week Range: $13.62 to $30.85
• Volume: 614,697 shs
• Average Volume: 1.16 million shs
• Market Capitalization: $1.16 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $22.26
• Consensus Rating: Buy

Daqo New Energy Stock Analysis - MarketRank™

Daqo New Energy scored higher than 65% of companies evaluated by MarketBeat, and ranked 100th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Daqo New Energy has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Daqo New Energy has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Daqo New Energy are expected to grow in the coming year, from ($3.50) to ($2.43) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Daqo New Energy is -9.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Daqo New Energy is -9.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Daqo New Energy has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.78% of the float of Daqo New Energy has been sold short.

Short Interest Ratio / Days to Cover

Daqo New Energy has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Daqo New Energy has recently increased by 3.01%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Daqo New Energy does not currently pay a dividend.

Dividend Growth

Daqo New Energy does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.78% of the float of Daqo New Energy has been sold short.

Short Interest Ratio / Days to Cover

Daqo New Energy has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Daqo New Energy has recently increased by 3.01%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.69

News Sentiment

Daqo New Energy has a news sentiment score of 1.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Daqo New Energy this week, compared to 4 articles on an average week.

Search Interest

6 people have searched for DQ on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Daqo New Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Daqo New Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.30% of the stock of Daqo New Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

47.22% of the stock of Daqo New Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 34.2% and is now trading at $17.51.
View the best growth stocks for 2024 here.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) released its quarterly earnings results on Wednesday, October, 30th. The semiconductor company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by $0.12. The semiconductor company earned $198.50 million during the quarter, compared to analyst estimates of $186.90 million. Daqo New Energy had a negative net margin of 9.16% and a negative trailing twelve-month return on equity of 1.90%.

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 created shares were payable 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.

Is Daqo New Energy buying back stock?

Daqo New Energy's Board of Directors approved a stock buyback program on Monday, July 22nd 2024, which authorizes the company to buy back $100,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 8.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Does Daqo New Energy have any subsidiaries?

The following companies are subsidiaries 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..

Who are Daqo New Energy's major shareholders?

Daqo New Energy's top institutional investors include Franklin Resources Inc. (4.00%), State Street Corp (1.28%), Sylebra Capital LLC (1.09%) and Point72 Asset Management L.P. (0.80%).

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), Invesco QQQ (QQQ), Meta Platforms (META), Advanced Micro Devices (AMD), PayPal (PYPL), Tesla (TSLA) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:DQ
• CUSIP: N/A
• CIK: 1477641
• Web: www.dqsolar.com
• Phone: 862150752918
• Fax: 86-21-5836-7021
• Employees: 5,765
• Year Founded: 2007

Price Target and Rating

• Average Stock Price Target: $22.26
• High Stock Price Target: $34.05
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +27.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $429.55 million
• Net Margins: -9.16%
• Pretax Margin: -10.00%
• Return on Equity: -1.90%
• Return on Assets: -1.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.61
• Quick Ratio: 4.28

Sales & Book Value

• Annual Sales: $1.31 billion
• Price / Sales: 0.88
• Cash Flow: $7.09 per share
• Price / Cash Flow: 2.47
• Book Value: $83.46 per share
• Price / Book: 0.21

Miscellaneous

• Outstanding Shares: 66,007,000
• Free Float: 49,967,000
• Market Cap: $1.16 billion
• Optionable: Optionable
• Beta: 0.28