Recent extremely meaningful negative changes in investment behavior have impacted Daqo New Energy Corp (NYSE: DQ): its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Daqo New Energy Corp (NYSE: DQ) has recently experienced small negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Daqo New Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Daqo New Energy has a very high Appreciation Score of 98 but a very low Power Rating of 15, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 12/11/24, Daqo New Energy Corp (NYSE: DQ) stock declined by -2.8%, closing at $18.19. However, exceptionally low trading volume at 31% of normal accompanied the decline. The stock has declined -16.0% during the last week and has been weak relative to the market over the last nine months.
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