The stock of DXC Technology Company (NYSE:DXC) increased by $0.24 on Wednesday to $20.71, up 1.17 percent. The last five days have seen an average of 3,956,616 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$5.76. The average number of shares traded over the last 20 days was 2,497,744, while the average volume over the last 50 days totaled 2,592,992.
DXC stock appreciated 1.72% since last month. On 09/18/23, the company’s shares reached a one-month low of $19.89. The stock touched a high of $30.27 on 02/02/23, after rallying from a low of $18.61 in 52 weeks. The price of DXC stock has declined by -21.85% or -$5.76 this year, reaching a new high 8 times. Still, the stock price is down -31.58% from the 52-week high.
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Insider Transactions
DXC stock investors should be aware that DXC Technology Company (DXC) stock had its last reported insider trading activity 27 days ago on Aug 24. On Aug 24, EVP & General Counsel DECKELMAN WILLIAM L JR sold 75,000 shares at $20.72 each. This transaction resulted in the insider making $1,554,195. On Feb 09, DECKELMAN WILLIAM L JR sold 33,331 shares at a price of US$29.05. After the transaction, the insider now owns 157,128 shares. Director FERNANDEZ RAUL J had earlier sold 5,000 shares on Nov 23 for $29.75 a share. The transaction was completed for $148,750.
Valuation Metrics
Beta for the stock is 1.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 1.33, and the price-to-cash flow ratio of 6.30.
Company paid $0.21 per share in dividends, remained unchanged from $0.21 last year.
Financial Health
For the three months ended June 29, DXC Technology Company’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.19, and the total debt to equity ratio is 1.40. As far as profitability goes, gross margin for the trailing twelve months is 22.10% percent. DXC Technology Company’s EBITDA margin for the year ended June 29 was 13.40%, whereas its operating margin stood at -6.80% for the same period. Based on annual data, it had gross profit of $3.18 billion and revenue of $14.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DXC’s return on assets (ROA) during the last 12 months has been -3.80%. There was a -8.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -15.80%.
Earnings Surprise
According to DXC Technology Company’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.45 billion, while revenues fell by -7.57% to $3.59 billion. It was predicted that DXC Technology Company’s quarterly earnings would be $0.63, but it ended up being $0.82, beating the consensus by -23.20%. EBITDA was $407.0 million for the quarter. At the end of DXC Technology Company’s most recent quarter ended June 29, its liabilities totaled 11.69 billion, while its total debt was $5.49 billion. Equity owned by shareholders amounts to $205.17 million.
Technical Picture
Here’s a quick look at DXC Technology Company’s (DXC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 51.52%, suggesting the stock is Neutral, with a 26.02% historical volatility rate.
The stochastic %K and %D were 40.09% and 40.14% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 56.57%, the RSI (14) reading is 45.65%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at -0.13.
Analyst Ratings
DXC Technology Company (NYSE: DXC) was downgraded by TD Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned DXC Technology Company (DXC) an Hold rating. DXC is a stock that is recommended for selling by 1 brokerage firm, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is DXC’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $30.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for DXC Technology Company (DXC) is $24.92.
