DQ Stock Summary and Trading Ideas (Daqo New Energy Corp. American Depositary Shares Each Representing Five | NYSE:DQ)

Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.

Daqo New Energy Corp. American Depositary Shares Each Representing Five trades on the NYSE stock market under the symbol DQ.

As of May 6, 2024, DQ stock price climbed to $19.02 with 843,526 million shares trading.

DQ has a beta of 1.89, meaning it tends to be more sensitive to market movements. DQ has a correlation of 0.16 to the broad based SPY ETF.

DQ has a market cap of $1.25 billion. This is considered a Small Cap stock.

Last quarter Daqo New Energy Corp. American Depositary Shares Each Representing Five reported $415 million in Revenue and $.55 earnings per share. This fell short of revenue expectation by $-77 million and missed earnings estimates by -$.01.

In the last 3 years, DQ stock traded as high as $90.48 and as low as $17.30.

The top ETF exchange traded funds that DQ belongs to (by Net Assets): VXUS, VWO, TAN, IEMG, CNRG.

DQ has underperformed the market in the last year with a price return of -55.5% while the SPY ETF gained +28.3%. However, in the short term, DQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +4.8% return in SPY. But in the last 2 weeks, DQ shares have been beat by the market, returning -14.0% compared to an SPY return of +4.3%.

DQ support price is $18.28 and resistance is $19.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DQ stock will trade within this expected range on the day.