Daqo New Energy Corp (NYSE: DQ) stock enjoyed a major increase of 17.1% on 5/22/24. The shares closed at $22.37. Moreover, exceptionally high trading volume at 300% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 16.1% during the last week.
Current PriceTarget Research Rating
DQ’s future returns on capital are forecasted to exceed 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 99 but a poor Power Rating of 29, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive 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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