News stories about Daqo New Energy (NYSE:DQ) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Daqo New Energy earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.0590499638182 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Notable Indicators to Study Before Making Any Investment Decision – Daqo New Energy Corp (NYSE: DQ) (stocksmarketcap.com)
- RSI Alert – Daqo New Energy Corp. (NYSE:DQ) (thestockgem.com)
- Roth Capital Analysts Give Daqo New Energy (DQ) a $35.00 Price Target (americanbankingnews.com)
- Daqo New Energy Corp. (DQ) crosses 200-SMA up 27.25% (thestocksnews.com)
- Technical Indicators in Focus – Daqo New Energy Corp. (NYSE: DQ) (stocktradingdesk.com)
NYSE:DQ traded up $1.19 during trading hours on Friday, reaching $54.51. 243,710 shares of the company’s stock were exchanged, compared to its average volume of 448,471. The stock has a market capitalization of $573.34, a price-to-earnings ratio of 6.41, a PEG ratio of 0.97 and a beta of 1.97. Daqo New Energy has a 12 month low of $18.06 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.66.
Daqo New Energy (NYSE:DQ) last issued its earnings results on Wednesday, February 28th. The semiconductor company reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.77. The firm had revenue of $103.68 million during the quarter, compared to analysts’ expectations of $95.25 million. Daqo New Energy had a net margin of 26.31% and a return on equity of 27.82%. The firm’s revenue for the quarter was up 124.8% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. sell-side analysts expect that Daqo New Energy will post 8.06 EPS for the current fiscal year.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Daqo New Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Tudor Pickering lowered shares of Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.50.
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Daqo New Energy Company Profile
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.
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