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

$24.28
+0.27 (+1.12%)
(As of 04:30 PM ET)
Compare
Today's Range
$24.00
$24.75
50-Day Range
$23.33
$30.72
52-Week Range
$22.94
$56.98
Volume
1.42 million shs
Average Volume
1.06 million shs
Market Capitalization
$1.88 billion
P/E Ratio
2.56
Dividend Yield
N/A
Price Target
$46.43

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
90.4% Upside
$46.43 Price Target
Short Interest
Bearish
5.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of Daqo New Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-37.24%
From $7.09 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Basic Materials Sector

81st out of 165 stocks

Semiconductors & Related Devices Industry

49th out of 87 stocks


DQ stock logo

About Daqo New Energy Stock (NYSE:DQ)

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.

DQ Stock Price History

DQ Stock News Headlines

This once-in-a-cycle deal will build your wealth like no other
Daqo New Energy could be the industry's last hope at landing a peace treaty between the United States and China's technology conflict, analysts are all over it
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Daqo New Energy (NYSE:DQ) Shares Down 2.6%
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
What's Going On With Polysilicon Company Daqo New Energy's Shares Today?
Daqo New Energy: A New Sunrise, But With Some Clouds
Daqo New Energy Releases Labor Due Diligence Report
Daqo New Energy Corp. Q2 Profit Decreases, misses estimates
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
4,099
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$46.43
High Stock Price Target
$70.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+93.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$1.82 billion
Pretax Margin
50.34%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$25.53 per share
Book Value
$82.15 per share

Miscellaneous

Free Float
58,490,000
Market Cap
$1.85 billion
Optionable
Optionable
Beta
0.54

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DQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Daqo New Energy stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. 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.
View DQ analyst ratings
or view top-rated stocks.

What is Daqo New Energy's stock price target for 2024?

4 Wall Street research analysts have issued 12-month price targets for Daqo New Energy's shares. Their DQ share price targets range from $32.00 to $70.00. On average, they predict the company's stock price to reach $46.43 in the next year. This suggests a possible upside of 88.0% from the stock's current price.
View analysts price targets for DQ
or view top-rated stocks among Wall Street analysts.

How have DQ shares performed in 2023?

Daqo New Energy's stock was trading at $38.61 at the start of the year. Since then, DQ shares have decreased by 36.1% and is now trading at $24.69.
View the best growth stocks for 2023 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,420,000 shares, an increase of 7.5% from the October 31st total of 4,110,000 shares. Based on an average trading volume of 891,800 shares, the days-to-cover ratio is presently 5.0 days.
View Daqo New Energy's Short Interest
.

When is Daqo New Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) announced its quarterly earnings data on Monday, October, 30th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $1.79. The semiconductor company earned $484.84 million during the quarter, compared to analysts' expectations of $672.30 million. Daqo New Energy had a trailing twelve-month return on equity of 11.36% and a net margin of 27.79%. During the same period last year, the company earned $4.18 EPS.

When did Daqo New Energy's stock split?

Daqo New Energy shares split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly created shares were issued 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.

How will Daqo New Energy's stock buyback program work?

Daqo New Energy declared that its board has initiated a stock repurchase plan 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 buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

What other stocks do shareholders of Daqo New Energy own?

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).

Who are Daqo New Energy's major shareholders?

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (3.34%), Invesco Ltd. (2.15%), Citigroup Inc. (1.89%), Mackenzie Financial Corp (1.88%), Oaktree Capital Management LP (1.75%) and Ariose Capital Management Ltd (1.04%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Daqo New Energy have any subsidiaries?
The following companies are subsidiares 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..
Read More
This page (NYSE:DQ) was last updated on 11/29/2023 by MarketBeat.com Staff

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