Daqo New Energy Corp (NYSE: DQ). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Daqo New Energy Corp (NYSE: DQ): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, DQ is expected to be Value Creation neutral.
Daqo New Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Daqo New Energy has a good Appreciation Score of 84 but a very low Power Rating of 2, leading to the Negative Value Trend Rating.
Recent Price Action
Daqo New Energy Corp (NYSE: DQ) stock rose modestly by 0.8% on 1/12/24. The stock closed at $22.88. However, this advance was accompanied by unusually low trading volume at 64% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -3.1% during the last week.
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