Dynex Capital, Inc (NYSE:DX) shares, rose in value, with the stock price up by 1.18% to the previous day’s close as strong demand from buyers drove the stock to $12.05.
Actively observing the price movement in the last trading, the stock closed the session at $11.91. The PE ratio was 15.56 over 12-month period. Referring to stock’s 52-week performance, its high was $14.52, and the low was $10.79. On the whole, DX has fluctuated by -2.98% over the past month.
With the market capitalization of Dynex Capital, Inc currently standing at about $1.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.76, with its dividend yield at 14.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 85.28M, with a low estimate of 18.88M and a high estimate of 23.51M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 21.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of DX currently trading nearly -1.90% and -3.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.15, while the 7-day volatility ratio is showing 1.02% which for the 30-day chart, stands at 1.14%. Furthermore, Dynex Capital, Inc (DX)’s beta value is 0.92, and its average true range (ATR) is 0.25.
A comparison of Dynex Capital, Inc (DX) with its peers suggests the former has fared considerably weaker in the market. DX showed an intraday change of 1.18% in last session, and over the past year, it grew by 0.42%%.
Data on historical trading for Dynex Capital, Inc (NYSE:DX) indicates that the trading volumes over the past 3 months, they’ve averaged 3.93 million. According to company’s latest data on outstanding shares, there are 107.16 million shares outstanding.
Nearly 1.86% of Dynex Capital, Inc’s shares belong to company insiders and institutional investors own 49.38% of the company’s shares. The stock has fallen by -4.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DX stock heading into the next quarter.
