Daqo New Energy - DQ Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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3 brokerages have issued 1-year price targets for Daqo New Energy's stock. Their DQ share price forecasts range from $70.00 to $80.00. On average, they anticipate the company's stock price to reach $75.00 in the next year. This suggests a possible upside of 57.3% from the stock's current price.
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Daqo New Energy's stock was trading at $40.32 on January 1st, 2022. Since then, DQ shares have increased by 18.3% and is now trading at $47.68.
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Daqo New Energy saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,690,000 shares, a decrease of 7.2% from the October 31st total of 2,900,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) released its quarterly earnings data on Thursday, October, 27th. The semiconductor company reported $4.18 earnings per share for the quarter, missing the consensus estimate of $6.87 by $2.69. The semiconductor company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.10 billion. Daqo New Energy had a trailing twelve-month return on equity of 37.63% and a net margin of 39.51%.

Daqo New Energy's stock split on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued shares were issued 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.

Daqo New Energy announced that its board has approved a stock buyback plan on Wednesday, June 1st 2022, which authorizes the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.07%), Vanguard Group Inc. (2.90%), Tairen Capital Ltd (2.59%), State Street Corp (1.76%), Renaissance Technologies LLC (1.24%) and Handelsbanken Fonder AB (1.23%).

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 $47.68.

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.55 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $748.92 million in net income (profit) each year or $21.29 on an earnings per share basis.

The company employs 2,399 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.