Daqo New Energy Stock Price on February 27, 2024
| DQ Stock | USD 18.91 0.23 1.20% |
Below is the normalized historical share price chart for Daqo New Energy extending back to October 07, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Daqo New stands at 18.91, as last reported on the 5th of May, with the highest price reaching 19.84 and the lowest price hitting 18.59 during the day.
If you're considering investing in Daqo Stock, it is important to understand the factors that can impact its price. We consider Daqo New not too volatile. Daqo New Energy secures Sharpe Ratio (or Efficiency) of 0.0438, which denotes the company had a 0.0438% return per unit of risk over the last 3 months. We have found thirty technical indicators for Daqo New Energy, which you can use to evaluate the volatility of the firm. Please confirm Daqo New's Coefficient Of Variation of 2670.78, downside deviation of 4.13, and Mean Deviation of 2.91 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
At this time, Daqo New's Total Stockholder Equity is relatively stable compared to the past year. As of 05/05/2024, Other Stockholder Equity is likely to grow to about 1.8 B, while Common Stock is likely to drop slightly above 27.6 K. . At this time, Daqo New's Price To Sales Ratio is relatively stable compared to the past year. As of 05/05/2024, Price Earnings Ratio is likely to grow to 4.86, while Price To Free Cash Flows Ratio is likely to drop 2.61. Daqo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 7th of October 2010 | 200 Day MA 26.784 | 50 Day MA 24.3738 | Beta 0.209 |
Daqo |
Sharpe Ratio = 0.0438
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Estimated Market Risk
| 3.93 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Daqo New is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Daqo New by adding it to a well-diversified portfolio.
Price Book 0.3229 | Enterprise Value Ebitda (3.14) | Price Sales 0.6649 | Shares Float 233.8 M | Wall Street Target Price 34.66 |
Daqo New Valuation on February 27, 2024
It is possible to determine the worth of Daqo New on a given historical date. On February 27, 2024 Daqo was worth 19.18 at the beginning of the trading date compared to the closed value of 19.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daqo New stock. Still, in general, we apply an absolute valuation method to find Daqo New's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Daqo New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daqo New's related companies.
| Open | High | Low | Close | Volume | |
| 18.53 | 19.12 | 18.42 | 19.07 | 706,600 | |
02/27/2024 | 19.18 | 20.03 | 19.06 | 19.49 | 1,324,562 |
| 20.80 | 21.40 | 19.50 | 20.86 | 1,830,310 |
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Daqo New Trading Date Momentum on February 27, 2024
| On February 28 2024 Daqo New Energy was traded for 20.86 at the closing time. The highest price during the trading period was 21.40 and the lowest recorded bid was listed for 19.50 . The volume for the day was 1.8 M. This history from February 28, 2024 contributed to the next trading day price gain. The overall trading delta to the next closing price was 7.03% . The overall trading delta to the current price is 33.56% . |
Daqo New Energy Fundamentals Correlations and Trends
By evaluating Daqo New's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Daqo New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daqo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Daqo New Stock history
Daqo New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Daqo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daqo New Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Daqo New stock prices may prove useful in developing a viable investing in Daqo New
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 75 M | 47.8 M | |
| Net Income Applicable To Common Shares | 2.1 B | 2.2 B |
Daqo New Stock Technical Analysis
Daqo New technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Daqo New Period Price Range
Low | February 27, 2024
| High |
19.18 | 19.49 |
Daqo New May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Daqo New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daqo New shares will generate the highest return on investment. By undertsting and applying Daqo New stock market strength indicators, traders can identify Daqo New Energy entry and exit signals to maximize returns
Daqo New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daqo New's price direction in advance. Along with the technical and fundamental analysis of Daqo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daqo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | 0.0446 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Daqo Stock analysis
When running Daqo New's price analysis, check to measure Daqo New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.
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Is Daqo New's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daqo New. If investors know Daqo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daqo New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Earnings Share 2.43 | Revenue Per Share 28.129 | Quarterly Revenue Growth (0.41) | Return On Assets 0.0284 |
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo that is recorded on the company's balance sheet. Investors also form their own opinion of Daqo New's value that differs from its market value or its book value, called intrinsic value, which is Daqo New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daqo New's market value can be influenced by many factors that don't directly affect Daqo New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daqo New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daqo New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daqo New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.