Dynex Capital, Inc [NYSE: DX] gained 1.44% or 0.18 points to close at $12.65 with a heavy trading volume of 3522427 shares.
It opened the trading session at $12.5, the shares rose to $12.665 and dropped to $12.475, the range by which the price of stock traded the whole day. The daily chart for DX points out that the company has recorded 3.86% gains over the past six months.
If we look at the average trading volume of 3.58M shares, DX reached to a volume of 3522427 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Dynex Capital, Inc [DX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DX shares is $13.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DX stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Janney have made an estimate for Dynex Capital, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 06, 2024. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on April 12, 2024, representing the official price target for Dynex Capital, Inc stock. Previously, the target price had yet another raise to $12.50, while UBS analysts kept a Neutral rating on DX stock. On January 09, 2023, analysts increased their price target for DX shares from 13.50 to 15.50.
The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 3.06. Price to Free Cash Flow for DX in the course of the last twelve months was 35.81 with Quick ratio for the last quarter at 0.09.
Trading performance analysis for DX stock
Dynex Capital, Inc [DX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.63. With this latest performance, DX shares gained by 2.85% in over the last four-week period, additionally plugging by 3.86% over the last 6 months – not to mention a drop of 0.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DX stock in for the last two-week period is set at 56.83, with the RSI for the last a single of trading hit 0.20, and the three-weeks RSI is set at 0.21 for Dynex Capital, Inc [DX]. The present Moving Average for the last 50 days of trading for this stock 12.31, while it was recorded at 12.66 for the last single week of trading, and 12.66 for the last 200 days.
Dynex Capital, Inc [DX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Dynex Capital, Inc [DX] shares currently have an operating margin of 113.47% and a Gross Margin at 100.00%. Dynex Capital, Inc’s Net Margin is presently recorded at 18.45%.
Return on Equity for this stock inclined to 0.92%, with Return on Assets sitting at 0.92%. When it comes to the capital structure of this company, Dynex Capital, Inc [DX] has a Total Debt to Total Equity ratio set at 5.18.
Reflecting on the efficiency of the workforce at the company, Dynex Capital, Inc [DX] managed to generate an average of $2864090.91 per employee.Dynex Capital, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.09 and a Current Ratio set at 0.09.
An analysis of Institutional ownership at Dynex Capital, Inc [DX]
There are presently around $48.91%, or 49.52% of DX stock, in the hands of institutional investors. The top three institutional holders of DX stocks are: BLACKROCK INC. with ownership of 6.58 million shares, which is approximately 9.8221%. VANGUARD GROUP INC, holding 3.92 million shares of the stock with an approximate value of $$46.84 million in DX stocks shares; and VANGUARD GROUP INC, currently with $$33.04 million in DX stock with ownership which is approximately 4.133%.
