DAQO New Energy (DQ, Financial) experienced a notable stock movement with its price rising by 5.01%. The stock is currently trading at $21.99 per share, with a trading volume of 514,996 shares and a turnover rate of 0.78%. The stock's amplitude reached 6.11%.
Financial reports indicate DAQO New Energy's revenue at $198 million, with a net loss of $60.72 million, resulting in an earnings per share of -$0.92. The gross profit recorded was -$60.59 million, and the price-to-earnings ratio stands at -13.08. Among the eight institutions rating the stock, 75% recommend buying, while 25% suggest holding, with no sell recommendations.
Within the semiconductor sector, where DAQO New Energy operates, the overall decline was 2.20%. Other stocks with significant gains include Aehr Test Systems and Valens Semiconductor Ltd. Active stocks in the sector were Sealsq Corp, WiSA Technologies, and Wisekey International Holding Ltd, with turnover rates of 27.15%, 7.59%, and 6.92%, respectively. Stocks with high amplitude included Wisekey International Holding Ltd, Mobix Labs, Inc., and QuickLogic Corporation, with amplitudes of 14.39%, 14.20%, and 14.19%.
DAQO New Energy Co., Ltd., headquartered in China, is a manufacturer of high-purity polysilicon used in solar power solutions. The company generates all its revenue from the People's Republic of China.
