DX Stock Summary and Trading Ideas (Dynex Capital | NYSE:DX)

Dynex Capital Inc is an internally managed mortgage real estate investment trust, which invests in mortgage-backed securities. The company invests in residential and commercial mortgage-backed securities. Its objective is to provide attractive risk-adjusted returns to shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. Its investments consist principally of Agency mortgage-backed securities including residential MBS and commercial MBS.

Dynex Capital trades on the NYSE stock market under the symbol DX.

As of April 26, 2024, DX stock price climbed to $11.92 with 965,218 million shares trading.

DX has a beta of 1.78, meaning it tends to be more sensitive to market movements. DX has a correlation of 0.58 to the broad based SPY ETF.

DX has a market cap of $764.80 million. This is considered a Small Cap stock.

Last quarter Dynex Capital reported $-3 million in Revenue and -$.30 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.21.

In the last 3 years, DX stock traded as high as $20.51 and as low as $9.57.

The top ETF exchange traded funds that DX belongs to (by Net Assets): VTI, IWM, KBWD, VXF, REM.

DX has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +27.4%. In the last 3 month period, DX fell short of the market, returning -3.0%, while SPY returned +4.6%. However, in the most recent 2 weeks DX has outperformed the stock market by returning +2.2%, while SPY returned -0.5%.

DX support price is $11.48 and resistance is $11.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DX stock will trade within this expected range on the day.