DAQO New Energy (DQ, Financial), a prominent player in the semiconductor sector, recently experienced a notable 5.00% drop in its stock price. The stock is currently trading at $20.53 with a trading volume of 455,245 shares and a turnover rate of 0.69%. This fluctuation is reflected in the stock's amplitude, which also registered at 5.00%.
According to the latest financial reports, DAQO New Energy recorded a revenue of $198 million, with a net loss of $60.72 million. The earnings per share stood at a negative $0.92, and the gross profit was reported as a negative $60.59 million. The company's price-to-earnings ratio is currently -12.23.
In terms of analyst ratings, 80% of the 10 institutions providing ratings suggest a buy, while 20% recommend holding. No institution has issued a sell rating.
Within the semiconductor industry, where DAQO New Energy operates, the overall market has declined by 1.01%. Notably, stocks such as American Pixel, Tower Semiconductor, and Mobix Labs, Inc. have seen significant gains. Additionally, Peraso Inc. and Sealsq Corp have shown high turnover rates of 7.62% and 6.36% respectively. Stocks with substantial amplitude include Haowei, American Pixel, and Peraso Inc., with fluctuations of 40.65%, 21.88%, and 19.75% respectively.
DAQO New Energy is a leading China-based manufacturer specializing in high-purity polysilicon. The company supplies this key material to producers creating silicon ingots, cells, and modules for solar energy solutions, fulfilling the demands for crucible stacking, pulling, and solidifying processes. All of DAQO's revenues are derived from operations within China.
