The trading price of Daqo New Energy Corp ADR (NYSE:DQ) closed lower on Friday, May 31, closing at $22.52, -1.31% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.53. In examining the 52-week price action we see that the stock hit a 52-week high of $43.66 and a 52-week low of $17.30. Over the past month, the stock has gained 20.04% in value.
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Daqo New Energy Corp ADR, whose market valuation is $1.49 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest DQ has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that DQ’s price is currently 15.16% off the SMA20 and -0.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.95, and weekly volatility stands at 7.25%. When measured over the past 30 days, the indicator reaches 5.51%. Daqo New Energy Corp ADR (NYSE:DQ)’s beta value is currently sitting at 0.35, while the Average True Range indicator is currently displaying 1.35.
To see how Daqo New Energy Corp ADR stock has been performing in comparison to its peers in the industry, here are the numbers: DQ stock’s performance was -1.31% in the latest trading, and -37.36% in the past year. Daqo New Energy Corp ADR has a P/E ratio of 10.53.
An evaluation of the daily trading volume of Daqo New Energy Corp ADR (NYSE:DQ) indicates that the 3-month average is 1.26 million.
Currently, records show that 65.70 million of the company’s shares remain outstanding. The insiders hold 0.49% of outstanding shares, whereas institutions hold 50.26%. However, since the stock’s price has seen -15.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
