On 4/30/24, Daqo New Energy Corp (NYSE: DQ) stock suffered a major decline of -10.9%, closing at $19.20. Trading volume in this decline was normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -13.9% during the last week.
Current PriceTarget Research Rating
DQ’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Daqo New Energy has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Daqo New Energy has a very high Appreciation Score of 98 but a poor Power Rating of 27, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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