Daqo New Energy Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Daqo New Energy stock.
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Wall Street analysts have given Daqo New Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Daqo New Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Daqo New Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,280,000 shares, an increase of 30.0% from the March 15th total of 5,600,000 shares. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is presently 2.5 days.
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Daqo New Energy is scheduled to release its next quarterly earnings announcement on Wednesday, May 19th 2021.
View our earnings forecast for Daqo New Energy.

Daqo New Energy Corp. (NYSE:DQ) announced its quarterly earnings data on Monday, March, 8th. The semiconductor company reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by $0.19. Daqo New Energy had a net margin of 13.98% and a trailing twelve-month return on equity of 12.41%.
View Daqo New Energy's earnings history.

Daqo New Energy's stock was trading at $11.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DQ stock has increased by 508.8% and is now trading at $70.26.
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Daqo New Energy's stock split on the morning of Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued shares were distributed to shareholders after the closing bell on Monday, November 16th 2020. An investor that had 100 shares of Daqo New Energy stock prior to the split would have 500 shares after the split.

3 brokerages have issued 12 month target prices for Daqo New Energy's stock. Their forecasts range from $13.80 to $97.00. On average, they anticipate Daqo New Energy's share price to reach $57.60 in the next twelve months. This suggests that the stock has a possible downside of 18.0%.
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Some companies that are related to Daqo New Energy include Advantest (ATEYY), ON Semiconductor (ON), Monolithic Power Systems (MPWR), ASE Technology (ASX), Semiconductor Manufacturing International (SMICY), SolarEdge Technologies (SEDG), Cree (CREE), IPG Photonics (IPGP), Inphi (IPHI), AU Optronics (AUOTY), First Solar (FSLR), Lattice Semiconductor (LSCC), BE Semiconductor Industries (BESIY), Sumco (SUOPY) and Silicon Laboratories (SLAB).
View all of DQ's competitors.

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), Square (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 retail and institutional investors. Top institutional investors include E Fund Management Hong Kong Co. Ltd. (0.02%) and Livingston Group Asset Management CO operating as Southport Capital Management (0.01%).

DQ stock was bought by a variety of institutional investors in the last quarter, including E Fund Management Hong Kong Co. Ltd., and Livingston Group Asset Management CO operating as Southport Capital Management.

Shares of DQ 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 $70.26.

Daqo New Energy has a market capitalization of $4.88 billion and generates $349.99 million in revenue each year. The semiconductor company earns $29.52 million in net income (profit) each year or $0.40 on an earnings per share basis.

Daqo New Energy employs 1,892 workers across the globe.

The official website for Daqo New Energy is www.dqsolar.com.

Daqo New Energy is headquartered at ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122.

Daqo New Energy's mailing address is ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122. The semiconductor company can be reached via phone at 86-21-5075-2918 or via email at [email protected]