A significant driver of top-line growth: Daqo New Energy Corp ADR (DQ)

With 0.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.85 million shares. The 52-week range on DQ shows that it touched its highest point at $30.85 and its lowest point at $13.62 during that stretch. It currently has a 1-year price target of $25.75. Beta for the stock currently stands at 0.41.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DQ was down-trending over the past week, with a drop of -6.01%, but this was up by 15.45% over a month. Three-month performance surged to 10.97% while six-month performance rose 31.33%. The stock gained 9.89% in the past year, while it has gained 4.58% so far this year. A look at the trailing 12-month EPS for DQ yields -1.85 with Next year EPS estimates of -1.76. For the next quarter, that number is -2.08. This implies an EPS growth rate of -166.56% for this year and 53.01% for next year.

Float and Shares Shorts:

At present, 65.70 million DQ shares are outstanding with a float of 65.45 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DQ since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.31299 being high and -$4.16795 being low. For DQ, this leads to a yearly average estimate of -$3.74047. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.