Dynex Capital Inc. (NYSE:DX) does about 1.18M shares in volume on a normal day but saw 1292306 shares change hands in Tuesday trading. The company now has a market cap of 604.40M USD. Its current market price is $12.77, marking an increase of 2.08% compared to the previous close of $12.51. The 52 week high reached by this stock is $17.55 whilst the lowest price level in 52 weeks is $10.60. The script in recent trading has seen the stock touch a high of $12.835 and a low of $12.47.
Dynex Capital Inc. (DX) has a 20-day trading average at $12.15 and the current price is -27.24% off the 52-week high compared with 20.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.40 and its 200-day simple moving average is $15.09. If we look at the stock’s price movements over the week, volatility stands at 2.59%, which increases to 3.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.77 to suggest the stock is neutral.
The consensus objective for the share price is $13.10, suggesting that the stock has a potential upside of 2.52% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 09, 2022 when Keefe Bruyette upgraded the stock to “Outperform” and issued a price target of between $17 and $18.75. Keefe Bruyette downgraded the stock to “Mkt Perform” from Outperform on December 18, 2020 at a price target of $18.
The current price level is 5.70%, 2.56%, and -15.46% away from its SMA20, SMA50, and SMA200 respectively, with the DX price moving above the 50-day SMA on November 22. Dynex Capital Inc. (DX) stock is down -0.39% over the week and 16.41% over the past month. Its price is -23.58% year-to-date and -26.14% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.24 below consensus estimates by -$0.08. The company’s next earnings report is expected on 02/09/2023, with forecasts estimating quarterly EPS at $0.26 and $1.31 for whole year. DX’s earnings per share are forecast to shrink by -33.50% this year and -19.80% over next year. Expected sales for next quarter are $18.06 million, which analysts say will come at $63.23 million for the current fiscal year and next year at $72.02 million. In addition, estimates put the company’s current quarterly revenue at an average of $17.02 million.
To reach the target analysts have set, the stock logically needs to grow 2.52 percent from here.
Outstanding shares total 46.35M with insiders holding 1.93% of the shares and institutional holders owning 37.06% of the company’s common stock. The company has a return on investment of 2.90% and return on equity of 15.50%. The price to earnings ratio (P/E ratio) amounts to 4.18 while the forward price to earnings ratio is 14.59. The beta has a value of 1.12. Price to book ratio is 0.87 and price to sales ratio is 8.26.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 17548.0 shares to end up with 947,585 shares worth $11.31 million.