Daqo New Energy Corp. (NYSE:DQ) closed Wednesday at $44.00 per share, down from $45.13 a day earlier. While Daqo New Energy Corp. has underperformed by -2.50%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DQ fell by -4.97%, with highs and lows ranging from $77.18 to $36.03, whereas the simple moving average fell by -17.84% in the last 200 days.
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On December 05, 2022, Goldman Downgraded Daqo New Energy Corp. (NYSE: DQ) to Neutral. A report published by Daiwa Securities on September 15, 2022, Downgraded its rating to ‘Neutral’ for DQ. Daiwa Securities August 31, 2021d the rating to Outperform on August 31, 2021, and set its price target from $145 to $76. Nomura August 19, 2021d its ‘Reduce’ rating to ‘Neutral’ for DQ, as published in its report on August 19, 2021. HSBC Securities’s report from June 10, 2021 suggests a price prediction of $112 for DQ shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Daqo New Energy Corp. (DQ)
Further, the quarter-over-quarter increase in sales is 118.50%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Daqo New Energy Corp.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 46.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and DQ is recording an average volume of 1.33M. On a monthly basis, the volatility of the stock is set at 4.57%, whereas on a weekly basis, it is put at 3.65%, with a loss of -5.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.88, showing growth from the present price of $44.00, which can serve as yet another indication of whether DQ is worth investing in or should be passed over.
How Do You Analyze Daqo New Energy Corp. Shares?
Daqo New Energy Corp. (DQ) is based in the China and is one of the most prominent companies operating in the Semiconductor Equipment & Materials market. When comparing Daqo New Energy Corp. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 1.82, there is a growth in quarterly earnings of 156.90%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 76.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in DQ shares?
The recent increase in stakes in DQ appears to be a result of several institutional investors and hedge funds increasing their positions. FIL Investment Advisors’s position in DQ has increased by 106.92% in the first quarter. The company now owns 3,033,639 shares of the stock, with a value of $134.03 million, following the purchase of 1,567,564 additional shares during the last quarter. Templeton Asset Management Ltd. made another decreased to its shares in DQ during the first quarter, downing its stake by -15.05%.
At the end of the first quarter, Tairen Capital Ltd. decreased its DQ holdings by -4.48% and now holds 1.84 million DQ shares valued at $81.43 million with the lessened 86389.0 shares during the period. DQ shares are owned by institutional investors to the tune of 62.20% at present.
