Daqo New Energy Corp. [DQ] shares are up more than 398.10% this year and recently decreased -0.04% or -$8.33 to settle at $193.35. Analysts expect DQ to grow earnings at a 29.00% annual rate over the next 5 years. DQ has a short ratio of 0.90. This implies that the market is currently less bearish on the outlook for DQ.

On 16, October 2020, Daqo New Energy Updates Third Quarter 2020 Sales Guidance and Full Year 2020 Production Guidance. According to news published on Yahoo Finance, Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced updates to its previous polysilicon sales guidance for the third quarter of 2020 and production guidance for the full year 2020.

Analyst Birdseye View:

The most recent analyst activity for Daqo New Energy Corp. [NYSE:DQ] stock was on November 14, 2019, when it was Initiated with an Overweight rating from JP Morgan, which also raised its 12-month price target on the stock to $50. On August 24, 2018, Credit Suisse Initiated an Outperform rating and boosted its price target on this stock to $58. On February 26, 2018, Tudor Pickering Downgrade a Hold rating. On November 11, 2015, Morgan Stanley Downgrade an Equal-weight rating. On October 31, 2014, ROTH Capital Resumed a Buy rating and boosted its amount on this stock to $80. On June 03, 2011, Collins Stewart Initiated a Sell rating and boosted its target amount on this stock to $8.

In the past 52 weeks of trading, this stock has oscillated between a low of $35.73 and a peak of $226.22. Right now, according to Wall Street analyst the average 12-month amount target is $166.82. At the most recent market close, shares of Daqo New Energy Corp. [NYSE:DQ] were valued at $193.35. According to the average price forecast, investors can expect a potential return of 2.6%.

FUNDAMENTAL ANALYSIS

Daqo New Energy Corp. [NYSE:DQ] most recently reported quarterly sales of 133.48 billion, which represented growth of 102.30%. This publicly-traded organization’s revenue is $185,303 per employee, while its income is $14,964 per employee. This company’s Gross Margin is currently 26.20%, its Operating Margin is 18.90%, its Pretax Margin is +10.82, and its Net Margin is +8.08. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.75, 5.19, 5.02 and 4.11 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 40.23 and the whole liability to whole assets at 31.75. It shows enduring liability to the whole principal at 15.99 and enduring liability to assets at 0.13 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 195.99 points at 1st support level, the second support level is making up to 190.29. But as of 1st resistance point, this stock is sitting at 210.24 and at 218.79 for 2nd resistance point.

Daqo New Energy Corp. [DQ] reported its earnings at $0.16 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.03/share signifying the difference of 0.19 and 633.30% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $2.27 calling estimates for $1.61/share with the difference of 0.66 depicting the surprise of 41.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Daqo New Energy Corp. [NYSE:DQ] is 0.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.26. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.04, it’s amount to book ratio is 1.26 and showing 47.90 of P/E (TTM) ratio.