Reviewing The Case For Dynex Capital, Inc (DX) Going Higher

Currently, there are 107.16M common shares owned by the public and among those 104.95M shares have been available to trade.

The company’s stock has a 5-day price change of -0.40% and 7.46% over the past three months. DX shares are trading 0.08% year to date (YTD), with the 12-month market performance down to -0.87% lower. It has a 12-month low price of $10.79 and touched a high of $14.52 over the same period. DX has an average intraday trading volume of 3.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.50%, 1.68%, and -0.90% respectively.

Institutional ownership of Dynex Capital, Inc (NYSE: DX) shares accounts for 49.85% of the company’s 107.16M shares outstanding.

It has a market capitalization of $1.34B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 16.01, while the earnings-per-share (ttm) stands at $0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 1.69% over the month.

Earnings per share for the fiscal year are expected to increase by 453.04%, and 12.64% over the next financial year.

Looking at the support for the DX, a number of firms have released research notes about the stock. Janney stated their Buy rating for the stock in a research note on June 06, 2024, with the firm’s price target at $13.50. Compass Point coverage for the Dynex Capital, Inc (DX) stock in a research note released on April 12, 2024 offered a Buy rating with a price target of $14.50. UBS was of a view on December 06, 2023 that the stock is Neutral, while Credit Suisse gave the stock Outperform rating on January 09, 2023, issuing a price target of $13.50- $15.50. Keefe Bruyette on their part issued Outperform rating on June 09, 2022.

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