Wall Street Analyst Downgrade Daqo New Energy Corp. [DQ]. What else is Wall St. saying
Dako New Energy Corp. [NYSE: DQ] The loss was -6.47% or -3.57 points to close at $51.64 with a heavy trading volume of 2498,681 shares. Company report on August 12 2022 Dako New Energy releases its 2021 Environmental, Social and Governance (ESG) Report.
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Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, “the Company” or “we”), the leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it has published 2021 Environmental, Social and Governance (ESG) Report.
The 2021 ESG Report specifically highlights the company’s efforts with regard to corporate governance, innovation and research and development, protection of employee rights, environmental sustainability, and emissions control, as well as social responsibility.
The trading session opened at $54.98, shares rose to $55.50 and fell to $50.62, the range in which the share price has traded all day. DQ’s daily chart indicates that the company posted a gain of 13.05% over the past six months. However, it is still -60.37% lower than the most recent trading low.
If we look at the average trading volume of 1.71 million shares, DQ reached a volume of 2498681 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts have to say about Dako New Energy Corp. [DQ]:
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for DQ shares is $86.35 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on DQ stock is a set recommendation at 2.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Daiwa Securities has made an appreciation for Daqo New Energy Corp stock, maintaining their opinion on the stock as neutral, with their previous recommendation back on September 15, 2022. The new note on price target was issued on May 4, 2022, which is the official target price for Daqo New Energy Corp stock. . Previously, the target price had fallen again from $145 to $76, while Daiwa Securities maintained Outperform’s rating on DQ stock. On August 19, 2021, analysts raised their target price for DQ shares from 48 to 53.
The Average True Range (ATR) is set for Daqo New Energy Corp. at 3.63, with a price-to-sales ratio for DQ stock in the past 12-month period of 1.13. The price-to-book ratio for the last quarter was 0.96, with the price-to-cash-to-cash ratio for the same quarter set at 43.14.
DQ stock trading performance analysis
Dako New Energy Corp. [DQ] It fell into the red at the end of last week, fell in a negative direction and fell by -10.67. With this latest performance, DQ shares are down -17.68% over the past four-week period, as well as down 13.05% over the past six months — not to mention a -15.44% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for DQ stock for the last two weeks was set at 31.17, with the RSI for the last one trading at 23.50, and the three-week RSI set at 36.46 for Daqo New Energy Corp. [DQ]. The current moving average of the last 50 trading days for this stock is 64.16, while it recorded at 55.13 for the last trading week, and 50.98 for the last 200 days.
Dako New Energy Corp. [DQ]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, Daqo New Energy Corp. [DQ] Equity operating margin is currently +62.59 and gross margin is +65.36. Daqo New Energy Corp’s net margin is currently clocked at +44.61.
The return on equity for this stock rose to 51.14, with the return on assets remaining at 32.68.
Daqo New Energy Corp’s liquidity data is also interesting, with the quick ratio at 5.50 and the current ratio at 5.60.
Internal ownership analysis at Dako New Energy Corp. [DQ]
There are currently approximately $2,062 million, or 58.90% of DQ’s stock, in the hands of institutional investors. The three largest shareholders of DQ are: BLACKROCK INC. With ownership of 5,927,473, which is approximately 21.337% of the company’s market value and about 76.40% of the total institutional ownership; BNP PARIBAS ASSET MANAGEMENT HOLDING SA, which owns 3,362,827 shares with an approximate value of $173.66 million of DQ stock; and FRANKLIN RESOURCES INC, which currently holds $168.88 million in DQ shares with ownership of approximately -3.938% of the company’s market capitalization.
Positions in Dako New Energy Corp shares increased. held by institutional investors at the end of August and at the time of the report in August, as 117 institutional owners consolidated their positions in Dako New Energy Corp. [NYSE:DQ] About 8,482,389 shares. In addition, 108 investors lost their positions by about 7,807,915 shares, while 21 investors held positions with 23,641,583 shares. The said changes put institutional holdings at 39,931,887 shares, according to the latest report from the Securities and Exchange Commission. DQ’s stock included 51 new institutional investments totaling 2,108,375 shares, while 30 institutional investors sold deals totaling 1,609,552 shares during the same period.