Market Analysts see Daqo New Energy Corp. [DQ] falling to $200. Time to buy?

Daqo New Energy Corp. [NYSE: DQ] loss -8.51% on the last trading session, reaching $39.87 price per share at the time. The company report on November 11, 2020 that Daqo New Energy to Announce Unaudited Third Quarter 2020 Results on November 23, 2020.

Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2020 before U.S. markets open on Monday, November 23, 2020.

The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on November 23, 2020 (9:00 PM Beijing / Hong Kong time on the same day).

Daqo New Energy Corp. represents 14.11 million in outstanding shares, while the company has a total market value of $543.43 million with the latest information. DQ stock price has been found in the range of $39.62 to $43.36.

If compared to the average trading volume of 2.48M shares, DQ reached a trading volume of 1915272 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Daqo New Energy Corp. [DQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DQ shares is $204.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DQ stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH Capital have made an estimate for Daqo New Energy Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 26, 2020. The new note on the price target was released on March 10, 2020, representing the official price target for Daqo New Energy Corp. stock. Previously, the target price had yet another raise to $50, while JP Morgan analysts kept a Overweight rating on DQ stock.

The Average True Range (ATR) for Daqo New Energy Corp. is set at 4.05, with the Price to Sales ratio for DQ stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.93.

Trading performance analysis for DQ stock

Daqo New Energy Corp. [DQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.15. With this latest performance, DQ shares dropped by -17.62% in over the last four-week period, additionally plugging by 244.84% over the last 6 months – not to mention a rise of 413.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DQ stock in for the last two-week period is set at 51.73, with the RSI for the last a single of trading hit 46.06, and the three-weeks RSI is set at 53.08 for Daqo New Energy Corp. [DQ]. The present Moving Average for the last 50 days of trading for this stock 34.80, while it was recorded at 42.65 for the last single week of trading, and 19.82 for the last 200 days.

Daqo New Energy Corp. [DQ]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Daqo New Energy Corp. [DQ] shares currently have an operating margin of +11.98 and a Gross Margin at +22.89. Daqo New Energy Corp.’s Net Margin is presently recorded at +8.08.

Return on Total Capital for DQ is now 5.02, given the latest momentum, and Return on Invested Capital for the company is 4.11. Return on Equity for this stock inclined to 5.19, with Return on Assets sitting at 2.75. When it comes to the capital structure of this company, Daqo New Energy Corp. [DQ] has a Total Debt to Total Equity ratio set at 67.32. Additionally, DQ Total Debt to Total Capital is recorded at 40.23, with Total Debt to Total Assets ending up at 31.75. Long-Term Debt to Equity for the company is recorded at 26.75, with the Long-Term Debt to Total Capital now at 15.99.

Reflecting on the efficiency of the workforce at the company, Daqo New Energy Corp. [DQ] managed to generate an average of $14,964 per employee. Receivables Turnover for the company is 44.43 with a Total Asset Turnover recorded at a value of 0.34.Daqo New Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Daqo New Energy Corp. [DQ]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Daqo New Energy Corp. posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 44.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Daqo New Energy Corp. go to 29.00%.

An analysis of insider ownership at Daqo New Energy Corp. [DQ]

There are presently around $2,033 million, or 71.50% of DQ stock, in the hands of institutional investors. The top three institutional holders of DQ stocks are: NOMURA HOLDINGS INC with ownership of 18,281,125, which is approximately 46.249% of the company’s market cap and around 76.40% of the total institutional ownership; MORGAN STANLEY, holding 3,147,685 shares of the stock with an approximate value of $125.5 million in DQ stocks shares; and INVESCO LTD., currently with $111.15 million in DQ stock with ownership of nearly 7.943% of the company’s market capitalization.

Positions in Daqo New Energy Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 80 institutional holders increased their position in Daqo New Energy Corp. [NYSE:DQ] by around 13,949,470 shares. Additionally, 45 investors decreased positions by around 6,003,750 shares, while 14 investors held positions by with 31,030,675 shares. The mentioned changes placed institutional holdings at 50,983,895 shares, according to the latest SEC report filing. DQ stock had 54 new institutional investments in for a total of 3,378,910 shares, while 18 institutional investors sold positions of 2,311,485 shares during the same period.

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