The market has been neutral on Daqo New Energy Corp (DQ) stock recently. DQ gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DQ Stock Today?
Daqo New Energy Corp (DQ) stock is lower by -4.97% while the S&P 500 has gained 0.14% as of 2:46 PM on Wednesday, Apr 7. DQ is down -$3.54 from the previous closing price of $71.25 on volume of 2,043,467 shares. Over the past year the S&P 500 is up 53.16% while DQ has gained 542.41%. DQ earned $0.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 200.56.
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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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