Destination XL Group Inc (NASDAQ:DXLG) finished Friday with an addition of $0.13 to close at $4.48, an upside of 2.99 percent. An average of 1,275,080 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 684,495 shares traded, while the 50-day average volume stands at 502,554.
DXLG stock has increased by 2.52% in the last month. The company shares reached their 1-month lowest point of $4.01 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $3.68 and a high of $7.57 in 52 weeks. It has reached a new high 9 times so far this year and lost -33.63% or -$2.27 in price. In spite of this, the price is down -40.82% from the 52-week high.
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Insider Transactions
DXLG stock investors should be aware that Destination XL Group Inc (DXLG) stock had its last reported insider trading activity 198 days ago on Aug 30. In this transaction, the insider spent $165,235. Chief Stores Officer, Gaeta Anthony, disposed of 10,000 shares at a price of $6.25 on Mar 16. The insider now owns more than $62,527 worth of shares. Prior to that, Chief Merchandising Officer Surette Allison went on to Sale 30,000 shares at $6.75 each on Feb 13. An amount of $202,560 was transacted.
Valuation Metrics
Destination XL Group Inc (DXLG) has a trailing price-to-earnings (P/E) ratio of 7.91. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.50, the price-to-book (PB) ratio at 1.81, and the price-to-cash flow ratio at 4.55.
Financial Health
The quick ratio of Destination XL Group Inc for the three months ended July 30 was 0.82, and the current ratio was 1.83, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.75 and a total debt to equity ratio of 1.00 for the quarter ending July 30. Its gross profit as reported stood at $272.6 million compared to revenue of $545.84 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $11.63 million in the quarter, while revenues of $6.97 million were shrunk -389.6%. The analyst consensus anticipated Destination XL Group Inc’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.18, a 0.00% surprise. For the quarter, EBITDA amounted to $22.95 million. Shareholders own equity worth $60.39 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Destination XL Group Inc (DXLG) price momentum. RSI 9-day as of the close on 29 September was 56.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.73%.
As of today, DXLG’s price is $4.27 +3.94% or $0.17 from its 5-day moving average. DXLG is currently trading -1.75% lower than its 20-day SMA and +0.67% higher than its 100-day SMA. However, the stock’s current price level is -10.58% below the SMA50 and -27.74% below the SMA200.
The stochastic %K and %D were 45.57% and 25.32%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 71.21% and the average true range at 0.21, the RSI (14) stands at 51.48%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
DA Davidson launched coverage on Destination XL Group Inc (NASDAQ: DXLG) in its analyst report released on September 14, 2021. The firm assigned the stock a Buy rating. The consensus rating for Destination XL Group Inc (DXLG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DXLG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is DXLG’s price target for the next 12 months?
Analysts predict a range of price targets between $7.50 and $8.50, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Destination XL Group Inc (DXLG) stock is $8.00.
