In the past week, DX stock has gone down by -1.38%, with a monthly decline of -6.60% and a quarterly plunge of -7.88%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.88% for Dynex Capital, Inc. The simple moving average for the past 20 days is -4.45% for DX’s stock, with a -4.89% simple moving average for the past 200 days.
Is It Worth Investing in Dynex Capital, Inc. (NYSE: DX) Right Now?
Additionally, the 36-month beta value for DX is 1.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for DX is 57.46M and currently, short sellers hold a 7.22% ratio of that float. The average trading volume of DX on April 23, 2024 was 1.31M shares.
DX) stock’s latest price update
Dynex Capital, Inc. (NYSE: DX) has seen a decline in its stock price by -2.13 in relation to its previous close of 11.71. However, the company has experienced a -1.38% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Most of these shares are either floating today or will float within a year. We’re also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We’re also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.
Analysts’ Opinion of DX
Many brokerage firms have already submitted their reports for DX stocks, with Compass Point repeating the rating for DX by listing it as a “Buy.” The predicted price for DX in the upcoming period, according to Compass Point is $14.50 based on the research report published on April 12, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see DX reach a price target of $12.50. The rating they have provided for DX stocks is “Neutral” according to the report published on December 06th, 2023.
Credit Suisse gave a rating of “Outperform” to DX, setting the target price at $15.50 in the report published on January 09th of the previous year.
DX Trading at -6.06% from the 50-Day Moving Average
After a stumble in the market that brought DX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.44% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -6.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.42% lower at present.
During the last 5 trading sessions, DX fell by -1.38%, which changed the moving average for the period of 200-days by -4.10% in comparison to the 20-day moving average, which settled at $11.95. In addition, Dynex Capital, Inc. saw -8.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DX
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 1.5 for the gross margin
The net margin for Dynex Capital, Inc. stands at 0.03. The total capital return value is set at 0.1. Equity return is now at value -0.69, with -0.12 for asset returns.
Based on Dynex Capital, Inc. (DX), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 6.18. The interest coverage ratio of the stock is 0.46.
Currently, EBITDA for the company is 209.32 million with net debt to EBITDA at 191.65. When we switch over and look at the enterprise to sales, we see a ratio of -36.22. The receivables turnover for the company is -5.45for trailing twelve months and the total asset turnover is -0.03.
Conclusion
In conclusion, Dynex Capital, Inc. (DX) has seen bad performance in recent times. Analysts have a mixed 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.
