Daqo New Energy Corp ADR (NYSE: DQ): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2023 Results.

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Stocks Info

DQ belongs to the Technology sector of the NYSE while operating in the Solar industry. At the end of the last regular session, the stock closed at $21.28 and fluctuated between $22.72 as its day high and $20.71 as its day low. The current market capitalization of Daqo New Energy Corp ADR is $1.60B. A total of 8.75 million shares were traded on the day, compared to an average of 1.09M shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DQ in the last 3 months, the mean price target is $31.41 with high estimates of $58.00 and low estimates of $17.90. In terms of 52-week highs and lows, DQ has a high of $55.60 and a low of $17.30.

As of this writing, DQ has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.69. The company reported an EPS of -$0.09 in the last quarter, which was -109.60% lower than expectations of $0.94.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DQ’s latest balance sheet shows that the firm has $1.00B in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $550.50M in liabilities at the time. Its Book Value Per Share was $63.13, while its Total Shareholder’s Equity was $2.66B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DQ is Buy with a score of 4.17.

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