In the past week, DXLG stock has gone down by -2.59%, with a monthly decline of -11.00% and a quarterly plunge of -22.45%. The volatility ratio for the week is 3.65%, and the volatility levels for the last 30 days are 3.51% for Destination XL Group Inc The simple moving average for the last 20 days is -5.31% for DXLG stock, with a simple moving average of -24.53% for the last 200 days.
Is It Worth Investing in Destination XL Group Inc (NASDAQ: DXLG) Right Now?
Destination XL Group Inc (NASDAQ: DXLG) has a price-to-earnings ratio of 7.43x that is above its average ratio. Additionally, the 36-month beta value for DXLG is 1.38. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DXLG is 50.80M and currently, short sellers hold a 8.87% ratio of that float. The average trading volume of DXLG on April 19, 2024 was 283.20K shares.
DXLG) stock’s latest price update
The stock of Destination XL Group Inc (NASDAQ: DXLG) has increased by 1.11 when compared to last closing price of 3.16. Despite this, the company has experienced a -2.59% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-16 that The penny stock sector, characterized by its volatility, often undergoes rapid surges and declines due to factors like low volume, cheap pricing, and operational dynamics. Still, for well-informed investors, certain penny stocks present opportunities to achieve substantial gains at low costs.
Analysts’ Opinion of DXLG
Many brokerage firms have already submitted their reports for DXLG stocks, with Craig Hallum repeating the rating for DXLG by listing it as a “Hold.” The predicted price for DXLG in the upcoming period, according to Craig Hallum is $4.50 based on the research report published on November 20, 2023 of the previous year 2023.
DA Davidson, on the other hand, stated in their research note that they expect to see DXLG reach a price target of $11. The rating they have provided for DXLG stocks is “Buy” according to the report published on September 14th, 2021.
DXLG Trading at -12.58% from the 50-Day Moving Average
After a stumble in the market that brought DXLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.39% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.30% lower at present.
During the last 5 trading sessions, DXLG fell by -0.61%, which changed the moving average for the period of 200-days by -35.19% in comparison to the 20-day moving average, which settled at $3.37. In addition, Destination XL Group Inc saw -27.39% 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 DXLG starting from Molloy Robert S, who sale 20,000 shares at the price of $4.00 back on Feb 15 ’24. After this action, Molloy Robert S now owns 240,409 shares of Destination XL Group Inc, valued at $80,006 using the latest closing price.
Molloy Robert S, the General Counsel & Secretary of Destination XL Group Inc, sale 20,000 shares at $4.01 during a trade that took place back on Jan 11 ’24, which means that Molloy Robert S is holding 240,409 shares at $80,114 based on the most recent closing price.
Stock Fundamentals for DXLG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.48 for the gross margin
The net margin for Destination XL Group Inc stands at 0.05. The total capital return value is set at 0.14. Equity return is now at value 19.47, with 7.86 for asset returns.
Based on Destination XL Group Inc (DXLG), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 0.11.
Currently, EBITDA for the company is 55.89 million with net debt to EBITDA at 2.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 133.12for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, Destination XL Group Inc (DXLG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
