Dynex Capital Inc. (NYSE: DX) is -17.06% lower on its value in year-to-date trading and has touched a low of $10.59 and a high of $17.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DX stock was last observed hovering at around $10.82 in the last trading session, with the day’s loss setting it -0.27% off its average median price target of $13.50 for the next 12 months. It is also 29.67% off the consensus price target high of $15.00 offered by 4 analysts, but current levels are 21.85% higher than the price target low of $13.50 for the same period.
Currently trading at $10.55, the stock is -4.61% and -8.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -2.50% at the moment leaves the stock -19.08% off its SMA200. DX registered -35.00% loss for a year compared to 6-month loss of -17.38%.
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The stock witnessed a -9.21% gain in the last 1 month and extending the period to 3 months gives it a -21.74%, and is -5.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 2.57% over the month.
Dynex Capital Inc. (DX) has around 19 employees, a market worth around $585.63M and $100.10M in sales. Fwd P/E is 81.78. Profit margin for the company is -23.40%. Distance from 52-week low is -0.38% and -38.16% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
Dynex Capital Inc. (DX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Dynex Capital Inc. (DX) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Dynex Capital Inc. is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 14.20% this year
Dynex Capital Inc. (DX) Top Institutional Holders
The shares outstanding are 53.82M, and float is at 45.45M with Short Float at 6.15%.
Dynex Capital Inc. (DX) Insider Activity
A total of 11 insider transactions have happened at Dynex Capital Inc. (DX) in the last six months, with sales accounting for 6 and purchases happening 5 times. The most recent transaction is an insider purchase by COLLIGAN ROBERT S, the company’s EVP and CFO. SEC filings show that COLLIGAN ROBERT S bought 8,000 shares of the company’s common stock on Mar 14 at a price of $12.16 per share for a total of $97280.0. Following the purchase, the insider now owns 40416.0 shares.
Dynex Capital Inc. disclosed in a document filed with the SEC on Oct 26 that BOSTON BYRON L (CEO and Co-CIO) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Oct 26 and was made at $11.61 per share for $29025.0. Following the transaction, the insider now directly holds 0.4 million shares of the DX stock.
Still, SEC filings show that on Oct 25, BOSTON BYRON L (CEO and Co-CIO) acquired 12,000 shares at an average price of $10.92 for $0.13 million. The insider now directly holds 400,134 shares of Dynex Capital Inc. (DX).