The stock of Dynex Capital, Inc. (DX) has seen a 2.52% increase in the past week, with a -4.27% drop in the past month, and a -3.50% decrease in the past quarter. The volatility ratio for the week is 1.46%, and the volatility levels for the past 30 days are at 1.41% for DX. The simple moving average for the past 20 days is -0.26% for DX’s stock, with a 0.23% simple moving average for the past 200 days.
Is It Worth Investing in Dynex Capital, Inc. (NYSE: DX) Right Now?
Dynex Capital, Inc. (NYSE: DX) has a higher price-to-earnings ratio of 10.30x compared to its average ratio. DX has 36-month beta value of 1.33. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for DX is 73.40M, and currently, short sellers hold a 5.28% ratio of that float. The average trading volume of DX on June 20, 2024 was 1.43M shares.
DX) stock’s latest price update
Dynex Capital, Inc. (NYSE: DX) has seen a rise in its stock price by 0.63 in relation to its previous close of 11.93. However, the company has experienced a 2.52% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-13 that The Agency MBS sector has had poor performance in the past decade, leading to low prices and high yields. At 20-year lows, agency MBS is a very attractive investment option today. Dynex Capital, Inc. is a mortgage REIT focusing on agency MBS, with a smaller, more agile portfolio than its counterparts.
Analysts’ Opinion of DX
Many brokerage firms have already submitted their reports for DX stocks, with Janney repeating the rating for DX by listing it as a “Buy.” The predicted price for DX in the upcoming period, according to Janney is $13.50 based on the research report published on June 06, 2024 of the current year 2024.
Compass Point, on the other hand, stated in their research note that they expect to see DX reach a price target of $14.50. The rating they have provided for DX stocks is “Buy” according to the report published on April 12th, 2024.
UBS gave a rating of “Neutral” to DX, setting the target price at $12.50 in the report published on December 06th of the previous year.
DX Trading at -0.03% 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 -9.32% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares sank -4.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.36% lower at present.
During the last 5 trading sessions, DX rose by +2.31%, which changed the moving average for the period of 200-days by -8.13% in comparison to the 20-day moving average, which settled at $12.01. In addition, Dynex Capital, Inc. saw -4.11% 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:
- -3.84 for the present operating margin
- 1.77 for the gross margin
The net margin for Dynex Capital, Inc. stands at -1.3. The total capital return value is set at 0.23. Equity return is now at value 8.35, with 1.49 for asset returns.
Based on Dynex Capital, Inc. (DX), the company’s capital structure generated 0.85 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 5.52. The interest coverage ratio of the stock is 0.86.
Currently, EBITDA for the company is 209.32 million with net debt to EBITDA at 32.67. When we switch over and look at the enterprise to sales, we see a ratio of -100.87. The receivables turnover for the company is -2.09for trailing twelve months and the total asset turnover is -0.01.
Conclusion
To put it simply, Dynex Capital, Inc. (DX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
