On 10/8/24, Daqo New Energy Corp (NYSE: DQ) stock suffered a major decline of -19.8%, closing at $20.94. Moreover, exceptionally high trading volume at 233% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 2.8% 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 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 96 but a very low Power Rating of 11, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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