As of Thursday close, Destination XL Group Inc.’s (NASDAQ:DXLG) stock was down -$0.12, moving down -2.68 percent to $4.35. The average number of shares traded per day over the past five days has been 543,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 528,460, while in the previous 50 days, it was 415,396.
Since last month, DXLG stock rose 3.08%. Shares of the company fell to $3.81 on 08/24/23, the lowest level in the past month. A 52-week high of $7.57 was reached on 02/02/23 after having rallying from a 52-week low of $3.68. Since the beginning of this year, DXLG’s stock price has dropped by -35.56% or -$2.40, and marked a new high 9 times. However, the stock has declined by -42.54% since its 52-week high.
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DXLG stock investors should be aware that Destination XL Group Inc. (DXLG) stock had its last reported insider trading activity 23 days ago on Aug 30. Boyle Jack, the Director of the company, purchased of 13,825 shares for $4.25 on Aug 30. It resulted in a $58,756 investment by the insider. Boyle Jack added 33,175 shares at an average price of $4.25 on Aug 28. The insider now owns 479,432 shares following the transaction. On Mar 16, 10% Owner AWM Investment Company, Inc. sold 26,677 shares at $6.19 apiece. The transaction was valued at $165,235.
Valuation Metrics
Right now, Destination XL Group Inc. (DXLG) has a P/E ratio of about 7.67. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 5.19 may also be considered.
Financial Health
In the three months ended July 30, Destination XL Group Inc.’s quick ratio stood at 0.80, while its current ratio was 1.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 49.10% percent. In the year ended July 30, EBITDA margin amounted to 13.49%, whereas operating margins totaled 8.80%. Based on annual data, DXLG earned $272.6 million in gross profit and brought in $545.84 million 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 65.10%. Return on equity (ROE) for the past 12 months was 26.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DXLG’s revenue fell -3.77% to $125.44 million during the quarter, while net income inched up to $139.38 million. While analysts expected Destination XL Group Inc. to report $0.18 quarterly earnings, the actual figure was $0.18 per share. During the quarter, the company generated $22.95 million in EBITDA. The liabilities of Destination XL Group Inc. were 201.86 million at the end of its most recent quarter ended July 30, and its total debt was $149.63 million. The value of shareholders’ equity is $60.39 million.
Technical Picture
This quick technical analysis looks at Destination XL Group Inc.’s (DXLG) price momentum. With a historical volatility rate of 25.57%, the RSI 9-day stood at 37.60% on 21 September.
With respect to its five-day moving average, the current Destination XL Group Inc. price is down by -5.84% percent or -$0.27. At present, DXLG shares trade +3.57% above its 20-day simple moving average and -0.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.22% below its SMA50 and -35.84% below its SMA200.
Stochastic coefficient K was 27.68% and Stochastic coefficient D was 33.07%, while ATR was 0.20. Given the Stochastic reading of 21.33% for the 14-day period, the RSI (14) reading has been calculated as 40.84%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.07.
Analyst Ratings
DA Davidson launched its rating on Destination XL Group Inc. (NASDAQ: DXLG) to a Buy in a note to investors on September 14, 2021. Destination XL Group Inc. (DXLG) has been rated Buy by analysts. According to 0 brokerage firms, DXLG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Destination XL Group Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $7.50 – $8.50. Based on these forecasts, analysts predict Destination XL Group Inc. (DXLG) will achieve an average price target of $8.00.
