Daqo New Energy (NYSE:DQ) Upgraded by Zacks Investment Research to Buy

Daqo New Energy stock has undergone multiple analysts rating changes in the recent past.  Daqo New Energy Upgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Daqo New Energy traded up $4.25 on Tuesday, reaching $65.66. 364 shares of the stock traded hands, compared to its average volume of 1820121. Shares of Daqo New Energy were trading at $65.66 on Tuesday. The firm’s 50 day moving average is $57.24 and its 200 day moving average is $73.23.Daqo New Energy has a 12 month low of $61.80 and a 12 month high of $130.33. While on yearly highs and lows, Daqo New Energy’s today has traded high as $67.30 and has touched $61.80 on the downward trend. See More Analyst Rating at: RATING

Daqo New Energy Earnings and What to expect: 

Daqo New Energy last announced its quarterly earnings results on August 17th, 2021. The semiconductor company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by $0.26. The firm earned $441.37 million during the quarter, compared to the consensus estimate of $462 million. Daqo New Energy has generated $1.72 earnings per share over the last year ($5.34 diluted earnings per share) and currently has a price-to-earnings ratio of 12.3. Earnings for Daqo New Energy are expected to decrease by -3.92% in the coming year, from $9.95 to $9.56 per share. Daqo New Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 22nd, 2021 based off prior year’s report dates.

Earnings for Daqo New Energy are expected to decrease by -3.92% in the coming year, from $9.95 to $9.56 per share. The P/E ratio of Daqo New Energy is 12.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.76. The P/E ratio of Daqo New Energy is 12.30, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.98. Daqo New Energy has a P/B Ratio of 5.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Daqo New Energy (NYSE:DQ) Moving Average Technical Analysis

5 day Moving Average is $59.27 And 5 day price change is $8.36 (14.59%)  with average volume for 5 day average is 1,581,920. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $57.68 and 20 day price change is $4.66 (7.64%) and average 20 day moving volume is 1,609,885. 50 day moving average is $57.24  and 50 day price change is $4.63 ( 7.59%)  and with average volume for 50 days is : 1,881,754. 200 day moving average is $73.23  and 200 day price change is $10.89 (19.88%)  and with average volume for 200 days is : 2,646,360.

Other owners latest trading in Daqo New Energy :

  • On 10/12/2021 shares held by Green Alpha Advisors LLC were 14,515 which equates to market value of $0.83M and appx 0.60% owners of Daqo New Energy
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 41,774 which equates to market value of $2.72M and appx 0.00% owners of Daqo New Energy
  • On 9/1/2021 shares held by Elephas Investment Management Ltd were 565,224 which equates to market value of $36.75M and appx 10.00% owners of Daqo New Energy
  • In total Institutional ownership equates to Institutional Ownership Percentage: 49.89% for Daqo New Energy

See More Analyst Rating at: RATING