Daqo New Energy (DQ) Shares Surge Amid Semiconductor Sector Movement

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Dec 17, 2024

Daqo New Energy (DQ, Financial) shares experienced a 5% surge, reaching $18.07 with a trading volume of 351,384 shares. The stock's turnover rate was 0.53%, and it showed a price fluctuation of 4.13%. Recent financial reports revealed a revenue of $198 million, a net loss of $60.72 million, and an EPS of -$0.92. The gross profit stood at -$60.59 million, with a P/E ratio of -10.70. Among eight rating institutions, 75% recommended buying, while 25% suggested holding. The semiconductor sector, where Daqo operates, saw an overall decline of 0.71%, with notable movements in stocks like Mobix Labs, Inc. and Skywater Technology, Inc.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.