Dynex Capital, Inc (NYSE:DX) does about 3.89M shares in volume on a normal day but saw 2813614 shares change hands in the recent trading day. The company now has a market cap of 1.31B USD. Its current market price is $12.21, marking an increase of 0.41% compared to the previous close of $12.16. The 52 week high reached by this stock is $14.52 whilst the lowest price level in 52 weeks is $10.79.
The consensus objective for the share price is $13.42, suggesting that the stock has a potential upside of 9.02% over the period.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 06, 2024 when Janney initiated the stock to “Buy” and issued a price target of $13.50. UBS initiated its price target at $12.50.
The current price level is 0.01%, 0.48%, and -3.69% away from its SMA20, SMA50, and SMA200 respectively, with the DX price moving above the 50-day SMA on current market day. Dynex Capital, Inc (DX) stock is up 2.69% over the week and -1.69% over the past month. Its price is -3.48% year-to-date and -2.09% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.3 and 1.22 for whole year. Expected sales for next quarter are $22.02M, which analysts say will come at $84.22M for the current fiscal year and next year at $109.43M. In addition, estimates put the company’s current quarterly revenue at an average of $21.03M.
To reach the target analysts have set, the stock logically needs to grow 9.02 percent from here.
Outstanding shares total 107.16M with insiders holding 1.24% of the shares and institutional holders owning 48.97% of the company’s common stock. The company has a return on investment of 4.51% and return on equity of 6.01%. The price to earnings ratio (P/E ratio) amounts to 15.77 while the forward price to earnings ratio is 8.37. The beta has a value of 0.92. Price to book ratio is 0.97 and price to sales ratio is 3.83.
