DXC Technology Company (NYSE:DXC) saw an upside of 0.81% to $20.52 after adding $0.16 on Tuesday. The 5-day average trading volume is 1,926,168 shares of the company’s common stock. It has gained $20.86 in the past week and touched a new high 3 times within the past 5 days. An average of 3,202,947 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,318,805.
DXC’s 1-month performance is -25.98% or -$7.40 on its low of $18.61 reached on 08/03/23. The company’s shares have touched a 52-week low of $18.61 and high of $30.27, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, DXC has lost -22.55% or -$5.99 and has reached a new high 8 times. However, the current price is down -32.19% from the 52-week high price.
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Insider Transactions
DXC stock investors last saw insider trading activity on Feb 09.DECKELMAN WILLIAM L JR (EVP & General Counsel) most recently sold 33,331 shares at $29.05 per share on Feb 09. This transaction cost the insider $968,282. Director, FERNANDEZ RAUL J, sold 5,000 shares at a price of $29.75 on Nov 23. Then, on Nov 11, Director FERNANDEZ RAUL J sold 10,000 shares at a price of $29.39 per share. This transaction amounted to $293,850.
Valuation Metrics
DXC stock has a beta of 1.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30 while the price-to-book (PB) in the most recent quarter is 1.32, with the price to cash flow ratio at 6.27.
DXC Technology Company’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.19, while the total debt to equity was 1.40. In terms of profitability, the gross margin trailing 12 months is 22.10%. The firm’s gross profit as reported stood at $3.18 billion against revenue of $14.43 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -183.33% to $36.0 million, while revenue of -$756.0 million was 2200.0% off the previous quarter. Analysts expected DXC to announce $0.82 per share in earnings in its latest quarter, but it posted $0.63, representing a -23.20% surprise. EBITDA for the quarter stood at more than $407.0 million. DXC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.69 billion, with total debt at $5.49 billion. Shareholders hold equity totaling $205.17 million.
Let’s look briefly at DXC Technology Company (DXC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 30.00% to suggest the stock is trending 30.00, with historical volatility in this time period at 9.70%.
The stock’s 5-day moving average is $20.38, reflecting a +0.84% or $0.17 change from its current price. DXC is currently trading -28.01% above its 20-day SMA, -17.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.48% and SMA200 by-27.17%.
Stochastic %K and %D was 38.73% and 25.22% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 29.57%, while the 14-day stochastic is at 78.51% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at -0.01 and 0.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DXC Technology Company (NYSE: DXC), TD Cowen downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for DXC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate DXC as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is DXC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $30.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for DXC Technology Company (DXC) stock is $24.92.
