How to Buy Daqo New Energy Stock
Daqo New Energy Corp
Daqo New Energy is a semiconductor equipment company located in China, which is part of the Technology sector, and is traded under the ticker DQ on the NYSE exchange.
Daqo New Energy stock last closed at $23.75, up 3.22% from the previous day, and has decreased 44.51% in one year. It has underperformed other stocks in the Semiconductor Equipment & Materials industry by 0.91 percentage points. Daqo New Energy stock is currently +37.28% from its 52-week low of $17.30, and -50.84% from its 52-week high of $48.31.
As of Apr 24, 2024, there are 391.02M DQ shares outstanding. The market capitalization of DQ is $1.86B. In the last 24 hours, 575,461 DQ shares were traded.
How to Buy Daqo New Energy Stock
Not sure how to invest in Daqo New Energy stock? Here's how.
- Choose where to buy Daqo New Energy stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Daqo New Energy stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Evaluate Daqo New Energy stock: The Daqo New Energy ticker symbol is DQ. Is Daqo New Energy stock a good investment? Should you buy shares of DQ? How do DQ's underlying business fundamentals look? Do top analysts think Daqo New Energy is a good buy? Why has DQ's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if DQ is a good stock to buy).
- Place your DQ buy order: Decide if you will purchase DQ shares at the current market price or use a limit order to buy DQ shares at a specific price.
- Get the latest scoop on your DQ position: Create a watchlist to key updates about your position in Daqo New Energy stock.
Step 1: Choose where to buy Daqo New Energy stock
You need an online brokerage account in order to access the NYSE market and buy DQ stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you can invest in DQ stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on a good online stock trading app, you need to deposit funds:
Watch the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Daqo New Energy stock
After you have figured out the best place to buy Daqo New Energy stock, it's absolutely critical to evaluate their stock before you buy, so you truly comprehend the risk as well as the upside.
Daqo New Energy Metrics
Daqo New Energy Due Diligence Checks
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on DQ's stock page.
Is DQ stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DQ's intrinsic value.
Using relative valuations methods:
- DQ could be undervalued based on its P/B ratio of 0.39x, relative to Semiconductor Equipment & Materials industry P/B ratio of 11.16x
You can do additional valuation research on DQ's stock here.
How do DQ Financials look?
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the DQ balance sheet.
- DQ's operating cash flow of $1.61B allows it to safely service it's debt of $0.00.
- DQ earnings of $595.13M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the DQ balance sheet.
- DQ has a low debt to equity ratio of 0.21.
- Total DQ debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- DQ profit margin has gone down from 39.5% to 18.2% in the past year.
Is DQ stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who monitor DQ, the consensus analyst rating on DQ is a Sell
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Daqo New Energy stock forecast page.
Metrics for Advanced DQ Traders
How are DQ Revenues/Earnings doing?
Last year, DQ revenue was $2.31B. During the past 5 year, DQ's revenue has increased by 50.24% per year. This was faster than the Semiconductor Equipment & Materials industry average of 14.27%.
You can research DQ's earnings and revenue performance here.
Latest Insiders Trades at DQ
Over the past year, insiders at DQ have not bought or sold any shares.
Dig into more about who owns DQ stock here.
Can I get consistent income from DQ stock?
No, Daqo New Energy doesn't provide an income stream by paying out dividends.
What others are saying about DQ
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your DQ buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you want additional help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your DQ position
Now that you own some DQ shares, you'll want to keep up with your new investment.
Put DQ on a watchlist to get the latest updates about your DQ stock.
DQ Feed
How to Buy Stock in Daqo New Energy
To summarize, here are the 6 steps for buying Daqo New Energy stock:
- Choose where to buy Daqo New Energy stock
- Open your brokerage account
- Put funds into your brokerage account
- Evaluate Daqo New Energy stock
- Place your DQ buy order
- Get the latest scoop on your DQ position
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Daqo New Energy, hit the button below to create your watchlist.
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