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Is Dynex Capital, Inc. (DX) a good stock to buy now?

Dynex Capital, Inc. (NYSE: DX) is -0.56% lower on its value in year-to-date trading and has touched a low of $9.51 and a high of $13.24 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 $12.40 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $12.45, the stock is 0.30% and 0.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.40% at the moment leaves the stock 3.26% off its SMA200. DX registered 10.98% gain for a year compared to 6-month gain of 9.08%.

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The stock witnessed a 2.47% loss in the last 1 month and extending the period to 3 months gives it a -2.20%, and is 1.47% up 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 1.69% over the week and 1.57% over the month.

Dynex Capital, Inc. (DX) has around 22 employees, a market worth around $728.82M and $132.60M in sales. Fwd P/E is 13.38. Profit margin for the company is -10.43%. Distance from 52-week low is 30.88% and -5.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.59%).

Dynex Capital, Inc. quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $1.63M over the same period.The EPS is expected to grow by 97.46% this year, but quarterly earnings will post -410.20% year-over-year. Quarterly sales are estimated to shrink -83.50% in year-over-year returns.

Dynex Capital, Inc. (DX) Top Institutional Holders

178 institutions hold shares in Dynex Capital, Inc. (DX), with institutional investors hold 41.88% of the company’s shares. The shares outstanding are 57.04M, and float is at 56.98M with Short Float at 7.30%. Institutions hold 40.78% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.77 million shares valued at $60.0 million. The investor’s holdings represent 8.79% of the DX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.88 million shares valued at $36.31 million to account for 5.32% of the shares outstanding. The other top investors are Balyasny Asset Management LLC which holds 1.7 million shares representing 3.14% and valued at over $21.43 million, while Victory Capital Management Inc. holds 2.73% of the shares totaling 1.48 million with a market value of $18.65 million.

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