Daqo New Energy - DQ Stock Forecast, Price & News

4 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DQ shares.
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4 Wall Street research analysts have issued 1 year price targets for Daqo New Energy's stock. Their DQ share price forecasts range from $79.00 to $139.10. On average, they anticipate the company's share price to reach $99.37 in the next year. This suggests a possible upside of 87.2% from the stock's current price.
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Daqo New Energy's stock was trading at $40.32 at the beginning of the year. Since then, DQ shares have increased by 31.6% and is now trading at $53.08.
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Daqo New Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,020,000 shares, an increase of 38.5% from the August 31st total of 2,180,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) issued its quarterly earnings data on Wednesday, August, 3rd. The semiconductor company reported $8.18 earnings per share for the quarter, topping analysts' consensus estimates of $6.46 by $1.72. The semiconductor company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.07 billion. Daqo New Energy had a trailing twelve-month return on equity of 45.97% and a net margin of 45.77%.

Daqo New Energy's stock split on 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 declared that its board has authorized a stock buyback plan on Wednesday, June 1st 2022, which authorizes the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors 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."

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 $53.08.

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.95 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $748.92 million in net income (profit) each year or $20.92 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.