Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Dynex Capital Inc. (NYSE: DX) improved of late. DX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Dynex Capital Inc. (NYSE: DX) stock closed at $12.24 on 8/9/24 after a slight decline of -0.3%. However, unusually low trading volume at 53% of normal accompanied the decline. The stock has risen 0.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DX is expected to continue to be a Value Builder.
Dynex Capital has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Dynex Capital has a neutral Appreciation Score of 41 and a neutral Power Rating of 52, triggering the Low Neutral Value Trend Rating.
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