Dynex Capital, Inc. (NYSE: DX)’s stock price has plunge by 0.12relation to previous closing price of 12.33. Nevertheless, the company has seen a -1.00% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-21 that After a terrible start to the year, mortgage REITs are hot in July. Don’t tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They’re so good at that. Quick commentary on MAIN.
Is It Worth Investing in Dynex Capital, Inc. (NYSE: DX) Right Now?
Dynex Capital, Inc. (NYSE: DX) has a price-to-earnings ratio of 10.59x that is above its average ratio. Additionally, the 36-month beta value for DX is 1.34. 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.”
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The public float for DX is 73.58M and currently, short sellers hold a 6.48% ratio of that float. The average trading volume of DX on July 22, 2024 was 1.51M shares.
DX’s Market Performance
DX’s stock has seen a -1.00% decrease for the week, with a 2.70% rise in the past month and a 5.42% gain in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.46% for Dynex Capital, Inc. The simple moving average for the past 20 days is 2.42% for DX’s stock, with a 3.37% simple moving average for the past 200 days.
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 1.91% 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 -6.75% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +2.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.31% upper at present.
During the last 5 trading sessions, DX fell by -1.04%, which changed the moving average for the period of 200-days by +8.25% in comparison to the 20-day moving average, which settled at $12.07. In addition, Dynex Capital, Inc. saw -1.40% 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 -101.39. The receivables turnover for the company is -2.09for trailing twelve months and the total asset turnover is -0.01.
Conclusion
In conclusion, Dynex Capital, Inc. (DX) has seen mixed 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
