How Does Daqo New Energy Corp (DQ) Stock Rank on Wall Street Monday?

Wall Street is positive on Daqo New Energy Corp (DQ). On average, analysts give the stock a Buy rating. The average price target is $79.135, which means analysts expect the stock to gain by 68.91% over the next twelve months. That average ranking earns the stock an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating DQ a Buy today. Find out what this means to you and get the rest of the rankings on DQ!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Daqo New Energy Corp Stock Today?

Daqo New Energy Corp (DQ) stock is lower by -1.29% while the S&P 500 is up 1.74% as of 1:47 PM on Monday, May 23. DQ has fallen -$0.61 from the previous closing price of $47.46 on volume of 509,406 shares. Over the past year the S&P 500 is lower by -5.43% while DQ has fallen -35.46%. DQ earned $15.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.99. Click Here to get the full Stock Report for Daqo New Energy Corp stock.