The stock of Dynex Capital Inc. (NYSE:DX) decreased by -$0.22 on Tuesday to finish at $13.02, down -1.66 percent. The last five days have seen an average of 1,813,260 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.30. The average number of shares traded over the last 20 days was 956,740, while the average volume over the last 50 days totaled 950,494.
DX stock appreciated 5.94% since last month. On 08/22/23, the company’s shares reached a one-month low of $12.09. The stock touched a high of $15.02 on 01/27/23, after rallying from a low of $10.39 in 52 weeks. The price of DX stock has risen by 2.36% or $0.30 this year, reaching a new high 10 times. Still, the stock price is down -13.32% from the 52-week high.
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Insider Transactions
DX stock investors should be aware that Dynex Capital Inc. (DX) stock had its last reported insider trading activity 190 days ago on Mar 14. On Mar 14, EVP and CFO COLLIGAN ROBERT S acquired 8,000 shares at $12.16 each. This transaction resulted in the insider spending $97,280. On Oct 26, BOSTON BYRON L added 2,500 shares at a price of US$11.61. After the transaction, the insider now owns 402,634 shares. CEO and Co-CIO BOSTON BYRON L had earlier bought 12,000 shares on Oct 25 for $10.92 a share. The transaction was completed for $130,998.
Valuation Metrics
Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 16.04, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 7.70.
Company paid $0.13 per share in dividends, remained unchanged from $0.13 last year. A $0.02 dividend decrease was reported on Wednesday June 10 2020.
Financial Health
Based on annual data, it had gross profit of $54.34 million and revenue of $86.69 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DX’s return on assets (ROA) during the last 12 months has been 0.00%. In the meantime, the return on equity (ROE) for the last 12 months was 0.20%.
Earnings Surprise
According to Dynex Capital Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Dynex Capital Inc.’s quarterly earnings would be -$0.27, but it ended up being $0.03. EBITDA was $54.91 million for the quarter. At the end of Dynex Capital Inc.’s most recent quarter ended June 29, its total debt was $4.6 billion. Equity owned by shareholders amounts to $54.2 million.
Technical Picture
Here’s a quick look at Dynex Capital Inc.’s (DX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 54.21%, suggesting the stock is Neutral, with a 12.36% historical volatility rate.
The stochastic %K and %D were 75.32% and 83.36% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 50.00%, the RSI (14) reading is 54.81%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.19.
Analyst Ratings
In its most recent analyst report, Credit Suisse raised its rating on Dynex Capital Inc. (NYSE: DX) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Dynex Capital Inc. (DX) an Buy rating. DX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is DX’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $15.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Dynex Capital Inc. (DX) is $14.33.
