June 1, 2020

The Post Wired

News On Trending

Notable News Spotlight: Daqo New Energy Corp. (NYSE:DQ)

Spread the love

Daqo New Energy Corp. (NYSE:DQ) spotted trading -14.16% off 52-week high price. On the other end, the stock has been noted 94.88% away from the low price over the last 52-weeks. The stock changed -6.15% to recent value of $39.66. The stock transacted 518898 shares during most recent day however it has an average volume of 233.15K shares. The company has 13.46M of outstanding shares and 2.96M shares were floated in the market.

On Aug. 14, 2019, Daqo New Energy Corp. (NYSE:DQ) a leading manufacturer of high-purity polysilicon for the global solar PV industry, revealed its unaudited financial results for the second quarter of 2019.

Second Quarter 2019 Financial and Operating Highlights

  • Polysilicon production volume of 7,151 MT in Q2 2019, compared to 8,764 MT in Q1 2019
  • Polysilicon sales volume of 7,130 MT in Q2 2019, compared to 8,450 MT in Q1 2019
  • Polysilicon average total production cost of $8.12 /kg in Q2 2019, compared to $7.42 /kg in Q1 2019
  • Polysilicon average cash cost of $6.65/kg in Q2 2019, compared to $6.20/kg in Q1 2019
  • Polysilicon average selling price (ASP) was $9.10/kg in Q2 2019, compared to $9.55/kg in Q1 2019
  • Revenue from continuing operations was $66.0 million in Q2 2019, compared to $81.2 million in Q1 2019
  • Gross profit from continuing operations was $8.6 million in Q2 2019, compared to $18.3 million in Q1 2019. Gross margin from continuing operations was 13.0% in Q2 2019, compared to 22.6% in Q1 2019
  • EBITDA (non-GAAP) from continuing operations was $10.2 million in Q2 2019, compared to $20.0 million in Q1 2019. EBITDA margin (non-GAAP) (2) from continuing operations was 15.5% in Q2 2019, compared to 24.6% in Q1 2019.
  • Adjusted net income (non-GAAP) attributable to Daqo New Energy shareholders was $2.3 million in Q2 2019, compared to $11.1 million in Q1 2019 and $18.2 million in Q2 2018.
  • Adjusted earnings per basic American Depository Share (ADS) (non-GAAP) (2) was $0.17 in Q2 2019, compared to $0.83 in Q1 2019, and $1.44 in Q2 2018.
  • Net loss from continuing operations was $2.7 million in Q2 2019, compared to net income from continuing operations of $5.9 million in Q1 2019 and $10.9 million in Q2 2018.
  • Net income from discontinued operations was $0.5 million in Q2 2019, compared to $0.8 million in Q1 2019 and $2.7 million in Q2 2018.
  • Net loss attributable to Daqo New Energy shareholders was $2.2 million in Q2 2019, compared to net income attributable to Daqo New Energy shareholders of $6.6 million in Q1 2019 and $13.4 million in Q2 2018.
  • Loss per basic ADS was $0.16 in Q2 2019, compared to earnings per basic ADS of $0.50 in Q1 2019, and $1.06 in Q2 2018.

Its earnings per share (EPS) expected to touch remained -46.90% for this year while earning per share for the next 5-years is expected to reach at 9.67%. DQ has a gross margin of 25.60% and an operating margin of 17.90% while its profit margin remained 4.60% for the last 12 months.

According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.81% from the mean of 20 days, -6.85% from mean of 50 days SMA and performed 16.80% from mean of 200 days price. Company’s performance for the week was -3.95%, -5.75% for month and YTD performance remained 69.49%.

Single Column Posts

2 min read

Arizona Cardinals star Chandler Jones has achieved a great deal of things in his 30 years of life. In school, the 6-foot-5, 265-pound pass-rusher was...

2 min read

Brazilian welterweight Gilbert Burns upset former world champion Tyron Woodley at the UFC Fight Night in Las Vegas, with a unanimous points win.After five rounds...

1 min read

French champions Paris St-Germain have signed Inter Milan' sstriker Mauro Icardi for 60 million euros (£54m). The 27-year-old Argentina international joined PSG in September with...

3 min read

In a serious UFC welterweight division, a solitary misfortune can put a warrior far from a title shot. That reality alone makes the battle between...

3 min read

Woodley vs Burns Live Stream Free: UFC satisfied each game fans' craving for live-activity prior this month by delivering 3 live occasions in Jacksonville, Florida....

5 min read

Ultimate Fighting Championship (UFC) is back, as promised, with another mixed martial arts (MMA) fight card spread across both ESPN and ESPN+, which means you...

3 min read

UFC turns into the primary significant games Industry to proceed with their delayed compensation per-sees. Dana White affirmed many defer battles with arranged dates and...

4 min read

Ultimate Fighting Championship (UFC) Welterweight contenders Tyron Woodley and Gilbert Burns will conflict TONIGHT (May 30, 2020) from inside UFC APEX in Las Vegas, Nevada....

6 min read

Are You know about the Premier League Will Start? Simply put, it is the world's most prestigious football league. It is an annual game that...

2 min read

Tyron Woodley coming back to UFC ring after March 2019 battle. The crown infection pandemic changed numerous games plan, UFC declared new subtleties of all...