If we take a look at the chart, from the start of 2021 year, one can see that from January till March the stock was growing from 62.33 $ till 123.83 $. From March till June the stock approximately reached $80 and volatility is still insignificant. For instance, the volume is 2,928,732 shares. The day’s range is $56.70 – $59.37. The average volume is 2,742,946 shares and the EPS is 2.36 which is obviously good for long term investing.
Daqo New Energy Corporation is a Chinese company which was founded in 2007 and produces poly silicon manufacturer. The company had a good rating in the stock exchanges and some stock market news reports claim it is overall good company. It produces the cheapest high purity silicon in the world. According to the China Securities Regulatory Commission (CSRC) Daqo company will soon join the Shanghai Stocks Exchange’s Sci-tech innovation board because Daqo finished with his IPO registration together with CSRC. The whole process will be finally completed in four weeks.
The company’s Chief Executive officer mentioned that “They are happy to announce that Daqo soon will enter to the STAR Market which will be a great opportunity for company to access to the Chinese progressive capital market”. They believe that IPO will benefit Daqo a lot, which will lead to the empowering of leadership of Daqo in the poly silicon industry.