At the last check on Friday, DXC Technology Company’s (NYSE:DXC) stock was down -$0.13, moving down -0.64 percent to $20.20. The average number of shares traded per day over the past five days has been 2,032,445 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.22 fall in that time frame. In the last twenty days, the average volume was 3,291,921, while in the previous 50 days, it was 2,299,234.
Since last month, DXC stock retreated -27.78%. Shares of the company fell to $18.61 on 08/03/23, the lowest level in the past month. A 52-week high of $30.27 was reached on 02/02/23 after having rallying from a 52-week low of $18.61. Since the beginning of this year, DXC’s stock price has dropped by -23.77% or -$6.30, and marked a new high 8 times. However, the stock has declined by -33.27% since its 52-week high.
DXC stock investors should be aware that DXC Technology Company (DXC) stock had its last reported insider trading activity 190 days ago on Feb 09. DECKELMAN WILLIAM L JR, the EVP & General Counsel of the company, disposed of 33,331 shares for $29.05 on Feb 09. It resulted in a $968,282 divestment by the insider. FERNANDEZ RAUL J sold 5,000 shares at an average price of $29.75 on Nov 23. The insider now owns 47,092 shares following the transaction. On Nov 11, Director FERNANDEZ RAUL J sold 10,000 shares at $29.39 apiece. The transaction was valued at $293,850.
Valuation Metrics
The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 6.10 may also be considered.
The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21.
Financial Health
In the three months ended June 29, DXC Technology Company’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.19, and the total debt-to-equity ratio was 1.40. On the profitability front, the trailing twelve-month gross margin is 22.10% percent. In the year ended June 29, EBITDA margin amounted to 13.40%, whereas operating margins totaled -6.80%. Based on annual data, DXC earned $3.18 billion in gross profit and brought in $14.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.40%. Return on equity (ROE) for the past 12 months was -15.80%.
In DXC Technology Company’s quarter-end financial report for June 29, it reported total debt of $3.89 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DXC’s revenue fell -7.57% to $3.59 billion during the quarter, while net income inched up to $3.45 billion. While analysts expected DXC Technology Company to report $0.82 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by -23.20%. During the quarter, the company generated $407.0 million in EBITDA. The liabilities of DXC Technology Company were 11.69 billion at the end of its most recent quarter ended June 29, and its total debt was $5.49 billion. The value of shareholders’ equity is $205.17 million.
Technical Picture
This quick technical analysis looks at DXC Technology Company’s (DXC) price momentum. With a historical volatility rate of 19.13%, the RSI 9-day stood at 23.96% on 17 August.
With respect to its five-day moving average, the current DXC Technology Company price is down by -1.05% percent or -$0.22. At present, DXC shares trade -27.61% below its 20-day simple moving average and -16.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.35% below its SMA50 and -29.72% below its SMA200.
Stochastic coefficient K was 18.09% and Stochastic coefficient D was 17.98%, while ATR was 0.77. Given the Stochastic reading of 17.60% for the 14-day period, the RSI (14) reading has been calculated as 26.25%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at -0.76.
Analyst Ratings
DXC Technology Company downgraded its rating on DXC Technology Company (NYSE: DXC) to a Market perform in a note to investors on August 03, 2023. The analysts firm previously had an Outperform rating on the stock.DXC Technology Company (DXC) has been rated Hold by analysts. According to 1 brokerage firm, DXC is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate DXC Technology Company stock as buy, with 0 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $21.00 – $30.00. Based on these forecasts, analysts predict DXC Technology Company (DXC) will achieve an average price target of $25.00.
