The stock of DXC Technology Co (NYSE: DXC) has increased by 5.85 when compared to last closing price of 20.87. Despite this, the company has experienced a 4.89% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-08 that When it comes to figuring out what are the stocks to sell now, bearish analyst ratings are an important factor to consider. The sell-side typically doesn’t issue many “sell” ratings.
Is It Worth Investing in DXC Technology Co (NYSE: DXC) Right Now?
The 36-month beta value for DXC is also noteworthy at 1.86. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for DXC is 180.26M, and at present, short sellers hold a 8.12% of that float. The average trading volume of DXC on April 10, 2024 was 2.66M shares.
DXC’s Market Performance
DXC stock saw an increase of 4.89% in the past week, with a monthly gain of 5.90% and a quarterly increase of -4.91%. The volatility ratio for the week is 2.82%, and the volatility levels for the last 30 days are 2.36% for DXC Technology Co (DXC). The simple moving average for the past 20 days is 5.89% for DXC’s stock, with a -1.55% simple moving average for the past 200 days.
Analysts’ Opinion of DXC
Many brokerage firms have already submitted their reports for DXC stocks, with Guggenheim repeating the rating for DXC by listing it as a “Neutral.” The predicted price for DXC in the upcoming period, according to Guggenheim is $22 based on the research report published on March 19, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see DXC reach a price target of $24, previously predicting the price at $27. The rating they have provided for DXC stocks is “Underweight” according to the report published on January 24th, 2024.
Citigroup gave a rating of “Sell” to DXC, setting the target price at $21 in the report published on January 17th of the current year.
DXC Trading at 3.79% from the 50-Day Moving Average
After a stumble in the market that brought DXC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.54% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +5.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.91% lower at present.
During the last 5 trading sessions, DXC rose by +4.89%, which changed the moving average for the period of 200-days by -17.61% in comparison to the 20-day moving average, which settled at $20.92. In addition, DXC Technology Co saw -3.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DXC starting from Drumgoole Christopher, who sale 10,000 shares at the price of $20.33 back on Mar 14 ’24. After this action, Drumgoole Christopher now owns 214,682 shares of DXC Technology Co, valued at $203,267 using the latest closing price.
Voci Christopher Anthony, the SVP, Controller and PAO of DXC Technology Co, sale 2,500 shares at $20.60 during a trade that took place back on Mar 14 ’24, which means that Voci Christopher Anthony is holding 70,851 shares at $51,494 based on the most recent closing price.
Stock Fundamentals for DXC
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.23 for the gross margin
The net margin for DXC Technology Co stands at -0.03. The total capital return value is set at -0.06. Equity return is now at value -12.02, with -2.81 for asset returns.
Based on DXC Technology Co (DXC), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is -2.0.
Currently, EBITDA for the company is 892.0 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In summary, DXC Technology Co (DXC) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
