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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DQ, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 1 year price targets for Daqo New Energy's shares. Their DQ share price forecasts range from $32.00 to $70.00. On average, they anticipate the company's stock price to reach $46.43 in the next year. This suggests a possible upside of 53.6% from the stock's current price.
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Daqo New Energy's stock was trading at $38.61 on January 1st, 2023. Since then, DQ shares have decreased by 21.7% and is now trading at $30.22.
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Daqo New Energy saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,760,000 shares, an increase of 9.0% from the August 15th total of 3,450,000 shares. Based on an average daily trading volume, of 909,400 shares, the days-to-cover ratio is currently 4.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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Daqo New Energy Corp. (NYSE:DQ) posted its earnings results on Thursday, August, 3rd. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.79 by $4.45. The semiconductor company earned $636.72 million during the quarter, compared to analyst estimates of $1.22 billion. Daqo New Energy had a net margin of 31.45% and a trailing twelve-month return on equity of 16.65%.

ETFs with the largest weight of Daqo New Energy (NYSE:DQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG), Global X MSCI China Information Technology ETF (CHIK), ERShares NextGen Entrepreneurs ETF (ERSX), iShares Breakthrough Environmental Solutions ETF (ETEC) and Invesco Golden Dragon China ETF (PGJ).

Shares of Daqo New Energy 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 distributed 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.

Daqo New Energy announced that its Board of Directors has initiated a share buyback program on Wednesday, June 1st 2022, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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

Daqo New Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DQ."

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.53%), Franklin Resources Inc. (3.33%), Alpine Investment Management Ltd (2.46%), Healthcare of Ontario Pension Plan Trust Fund (1.74%), State Street Corp (1.65%) and Goldman Sachs Group Inc. (1.40%).

Shares of DQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DQ stock can currently be purchased for approximately $30.22.

Daqo New Energy (NYSE:DQ) has a market capitalization of $2.34 billion and generates $4.61 billion in revenue each year. The semiconductor company earns $1.82 billion in net income (profit) each year or $13.75 on an earnings per share basis.

The company employs 4,099 workers across the globe.

Daqo New Energy's mailing address is ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122. The official website for the company is www.dqsolar.com. The semiconductor company can be reached via phone at 862150752918, via email at kevin.he@daqo.com, or via fax at 86-21-5836-7021.