In the latest session, Dynex Capital Inc. (NYSE: DX) closed at $10.55 down -2.50% from its previous closing price of $10.82. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 1839672 shares were traded. DX stock price reached its highest trading level at $10.75 during the session, while it also had its lowest trading level at $10.39.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
For a deeper understanding of Dynex Capital Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.30. In the meantime, Its Debt-to-Equity ratio is 3.97 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 when COLLIGAN ROBERT S bought 8,000 shares for $12.16 per share. The transaction valued at 97,280 led to the insider holds 40,416 shares of the business.
BOSTON BYRON L bought 2,500 shares of DX for $29,025 on Oct 26. The CEO and Co-CIO now owns 402,634 shares after completing the transaction at $11.61 per share. On Oct 25, another insider, BOSTON BYRON L, who serves as the CEO and Co-CIO of the company, bought 12,000 shares for $10.92 each. As a result, the insider paid 130,998 and bolstered with 400,134 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DX now has a Market Capitalization of 599.04M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.85 while its Price-to-Book (P/B) ratio in mrq is 0.76.
Stock Price History:
Over the past 52 weeks, DX has reached a high of $17.06, while it has fallen to a 52-week low of $10.59. The 50-Day Moving Average of the stock is 11.52, while the 200-Day Moving Average is calculated to be 13.01.
For the past three months, DX has traded an average of 1.05M shares per day and 1.18M over the past ten days. A total of 53.82M shares are outstanding, with a floating share count of 45.45M. Insiders hold about 1.20% of the company’s shares, while institutions hold 41.90% stake in the company. Shares short for DX as of May 14, 2023 were 2.8M with a Short Ratio of 2.80M, compared to 2.12M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.17% and a Short% of Float of 5.23%.
Dividends & Splits
According to the company, the forward annual dividend rate for DX is 1.56, from 1.56 in the trailing year. Against a Trailing Annual Dividend Yield of 14.42%, it implies a Forward Annual Dividend Yield of 14.21%. The stock’s 5-year Average Dividend Yield is 11.56. The current Payout Ratio is 49.63% for DX, which recently paid a dividend on May 31, 2023 with an ex-dividend date of May 18, 2023. Stock splits for the company last occurred on Jun 20, 2019 when the company split stock in a 1:3 ratio.
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.21 and a low estimate of -$0.22, while EPS last year was $0.4. The consensus estimate for the next quarter is $0, with high estimates of $0.24 and low estimates of -$0.19.
Analysts are recommending an EPS of between $0.9 and -$0.68 for the fiscal current year, implying an average EPS of $0.03. EPS for the following year is $0.13, with 1 analysts recommending between $0.13 and $0.13.
A total of 2 analysts believe the company’s revenue will be $12.85M this quarter.It ranges from a high estimate of $13.1M to a low estimate of $12.6M. As of the current estimate, Dynex Capital Inc.’s year-ago sales were $14.07M, an estimated decrease of -8.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $12.4M, a decrease of -22.60% less than the figure of -$8.70% in the same quarter last year. There is a high estimate of $13.7M for the next quarter, whereas the lowest estimate is $11.1M.
A total of 2 analysts have provided revenue estimates for DX’s current fiscal year. The highest revenue estimate was $53.4M, while the lowest revenue estimate was $50.3M, resulting in an average revenue estimate of $51.85M. In the same quarter a year ago, actual revenue was $43.08M, up 20.30% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $42.23M in the next fiscal year. The high estimate is $42.23M and the low estimate is $42.23M. The average revenue growth estimate for next year is down -18.60% from the average revenue estimate for this year.