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: $17.35 to $17.85
• 50-Day Range: $14.02 to $17.62
• 52-Week Range: $13.62 to $31.28
• Volume: 392,509 shs
• Average Volume: 1.03 million shs
• Market Capitalization: $1.15 billion
• P/E Ratio: 8.19
• Dividend Yield: N/A
• Price Target: $22.26
• Consensus Rating: Hold

Daqo New Energy Stock Analysis - MarketRank™

Daqo New Energy scored higher than 83% of companies evaluated by MarketBeat, and ranked 65th out of 197 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: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Daqo New Energy has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Daqo New Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Daqo New Energy are expected to grow in the coming year, from ($3.35) to ($1.22) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Daqo New Energy is 7.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Daqo New Energy is 7.96, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 126.14.

Price to Book Value per Share Ratio

Daqo New Energy has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.14% 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 5.3.

Change versus previous month

Short interest in Daqo New Energy has recently increased by 22.02%, indicating that investor sentiment is decreasing significantly.

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

6.14% 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 5.3.

Change versus previous month

Short interest in Daqo New Energy has recently increased by 22.02%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.95

News Sentiment

Daqo New Energy has a news sentiment score of 0.95. 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 0.38 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Daqo New Energy this week, compared to 3 articles on an average week.

Search Interest

Only 11 people have searched for DQ on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

3 people have added Daqo New Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 36.3% and is now trading at $16.95.
View the best growth stocks for 2024 here.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) posted its earnings results on Monday, August, 26th. The semiconductor company reported ($1.81) EPS for the quarter, missing the consensus estimate of ($0.56) by $1.25. The semiconductor company had revenue of $219.91 million for the quarter, compared to analysts' expectations of $406.50 million. Daqo New Energy had a negative trailing twelve-month return on equity of 1.04% and a negative net margin of 4.11%.

When did Daqo New Energy's stock split?

Daqo New Energy's stock 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 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 repurchase plan on Monday, July 22nd 2024, which authorizes the company to repurchase $100,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 8.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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 shareholders 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).

Company Calendar

• Last Earnings: 8/26/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/04/2024
• 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: +26.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.13
• Trailing P/E Ratio: 8.26
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $429.55 million
• Net Margins: -4.11%
• Pretax Margin: -0.18%
• Return on Equity: -1.04%
• Return on Assets: -0.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.57
• Quick Ratio: 4.27

Sales & Book Value

• Annual Sales: $1.60 billion
• Price / Sales: 0.73
• Cash Flow: $8.50 per share
• Price / Cash Flow: 2.07
• 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: 0.30