Overall market sentiment has been down on Daqo New Energy Corp (DQ) stock lately. DQ receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With DQ Stock Today?
Daqo New Energy Corp (DQ) stock has risen 11.6% while the S&P 500 is lower by -0.27% as of 10:06 AM on Monday, Jan 4. DQ is higher by $6.65 from the previous closing price of $57.34 on volume of 727,434 shares. Over the past year the S&P 500 has risen 15.39% while DQ is higher by 494.15%. DQ earned $0.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 274.03.
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More About Daqo New Energy Corp
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs.
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