Do Daqo New Energy Corp. (DQ) beta value of 0.73 signposts another twist? – Invest Chronicle
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Do Daqo New Energy Corp. (DQ) beta value of 0.73 signposts another twist?

Daqo New Energy Corp. (DQ) is priced at $71.49 after the most recent trading session. At the very opening of the session, the stock price was $65.23 and reached a high price of $66.70, prior to closing the session it reached the value of $66.08. The stock touched a low price of $61.50.

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Recently in News on July 12, 2021, Daqo New Energy’s Subsidiary Xinjiang Daqo’s IPO Pricing Announced by the Shanghai Stock Exchange. 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, is in the process of applying for an initial public offering (“IPO”) of the Company’s major operational subsidiary, Xinjiang Daqo New Energy (“Xinjiang Daqo”), on the Shanghai Stock Exchange’s Sci-Tech innovation board. Xinjiang Daqo’s IPO pricing has been announced by the Shanghai Stock Exchange. You can read further details here


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Daqo New Energy Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $130.33 on 02/10/21, with the lowest value was $52.46 for the same time period, recorded on 06/24/21.

Daqo New Energy Corp. (DQ) full year performance was 197.36%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Daqo New Energy Corp. shares are logging -45.15% during the 52-week period from high price, and 292.28% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $18.22 and $130.33.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1740189 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Daqo New Energy Corp. (DQ) recorded performance in the market was 15.20%, having the revenues showcasing -4.29% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.03B, as it employees total of 1896 workers.

Analysts verdict on Daqo New Energy Corp. (DQ)

During the last month, 7 analysts gave the Daqo New Energy Corp. a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 73.81, with a change in the price was noted -33.90. In a similar fashion, Daqo New Energy Corp. posted a movement of -32.52% for the period of last 100 days, recording 2,783,186 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DQ is recording 0.33 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.12.

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Daqo New Energy Corp. (DQ): Technical Analysis

Raw Stochastic average of Daqo New Energy Corp. in the period of last 50 days is set at 57.49%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 80.08%. In the last 20 days, the company’s Stochastic %K was 64.75% and its Stochastic %D was recorded 62.21%.

Let’s take a glance in the erstwhile performances of Daqo New Energy Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 15.20%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -20.22%, alongside a boost of 197.36% for the period of the last 12 months. The shares increased approximately by -8.67% in the 7-day charts and went down by 9.22% in the period of the last 30 days. Common stock shares were lifted by -4.29% during last recorded quarter.

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