Some Brief Technicals On Dynex Capital, Inc. (DX) And Companhia Energetica de Minas Gerais (CIG)

1 analysts out of 4 Wall Street brokerage firms rate Dynex Capital, Inc. (NYSE:DX) as a Buy, while 0 see it as a Sell. The rest 3 describe it as a Hold. DX stock traded higher to an intra-day high of $5.765. At one point in session, its potential discontinued and the price was down to lows at $5.71. Analysts have set DX’s consensus price at $6.5, effectively giving it a 13.24% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $7 (up 21.95% from current price levels). DX has a -24.7% ROE, lower than the 14.73% average for the industry. The average ROE for the sector is 15.38%.

Dynex Capital, Inc. (DX) currently trades at $5.74, which is lower by -0.17% its previous price. It has a total of 74.29 million outstanding shares, with an ATR of around 0.09. The company’s stock volume dropped to 0.71 million, worse than 777.97 thousands that represents its 50-day average. A 5-day increase of about 1.41% in its price means DX is now 0.35% higher on year-to-date. The shares have surrendered $43610.26 since its $6.82 52-week high price recorded on 2nd of August 2018. Overall, it has seen a growth rate of -11.56 over the last 12 months. The current price per share is $0.33 above the 52 week low of $5.41 set on 31st of May 2019.

Dynex Capital, Inc. (NYSE:DX)’s EPS was $0.18 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.18. That means that its growth in general now stands at 0%. Therefore, a prediction of $0.18 given by the analysts brought a negative surprise of 0%. DX March quarter revenue was $19.38 million, compared to $17.06 million recorded in same quarter last year, giving it a 14% growth rate. The company’s $2.32 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Companhia Energetica de Minas Gerais (NYSE:CIG) shares appreciated 1.87% over the last trading period, taking overall 5-day performance up to -2.06%. CIG’s price now at $3.81 is greater than the 50-day average of $3.58. Getting the trading period increased to 200 days, the stock price was seen at $3.2 on average. The general public currently hold control of a total of 1.13 billion shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 1.6 billion. The company’s management holds a total of 1%, while institutional investors hold about 10.6% of the remaining shares. CIG share price finished last trade 7.41% above its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 19.95%, while closing the session with 6.63% distance from 50 day simple moving average.

Companhia Energetica de Minas Gerais (CIG) shares were last observed trading -5.22% down since June 07, 2019 when the peak of $4.02 was hit. Last month’s price growth of 13.73% puts CIG performance for the year now at 7.02%. Consequently, the shares price is trending higher by 146.87%, a 52-week worst price since Sep. 14, 2018. However, it is regaining value with 24.23% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $3.74 and $3.78. The immediate resistance area is now $3.86 Williams’s %R (14) for CIG moved to 30 while the stochastic %K points at 68.1.

CIG’s beta is 0.26; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $0.3 per share from its yearly profit to its outstanding shares. Its last reported revenue is $1.53 billion, which was -6% versus $1.63 billion in the corresponding quarter last year. The EPS for Dec 19 quarter came in at $0.02 compared to $-0.02 in the year-ago quarter and had represented -200% year-over-year earnings per share growth. CIG’s ROA is 4%, lower than the 8.82% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 5.98%.

The firm’s current profit margin over the past 12 months is 8.7%. CIG ranks lower in comparison to an average of 27.08% for industry peers; while the average for the sector is -8.79%.