In yesterday’s Wall Street session, DXC Technology Co (NYSE:DXC) shares traded at $15.91, down -1.85% from the previous session.
DXC stock price is now -21.35% away from the 50-day moving average and -25.48% away from the 200-day moving average. The market capitalization of the company currently stands at $2.85B.
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With the price target of $22, Guggenheim recently initiated with Neutral rating for DXC Technology Co (NYSE: DXC). On January 24, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $27 to quote $24, while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Drumgoole Christopher, Global Lead, Cloud Inf. & ITO sold 10,000 shares of the company’s stock on Mar 14 ’24. The stock was sold for $203,267 at an average price of $20.33. Upon completion of the transaction, the Global Lead, Cloud Inf. & ITO now directly owns 214,682 shares in the company, valued at $3.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, SVP, Controller and PAO Voci Christopher Anthony sold 2,500 shares of the business’s stock. A total of $51,494 was realized by selling the stock at an average price of $20.60. This leaves the insider owning 70,851 shares of the company worth $1.13 million. A total of 1.46% of the company’s stock is owned by insiders.
During the past 12 months, DXC Technology Co has had a low of $15.70 and a high of $28.89. As of last week, the company has a debt-to-equity ratio of 1.73, a current ratio of 1.17, and a quick ratio of 1.17. According to the stock market information, the enterprise value for the company is $6745505280, which is based on a 43.70 price-to-earnings ratio, a 7.69 price-to-earnings-growth ratio, and a beta of 1.74. The fifty day moving average price for DXC is $20.1278 and a two-hundred day moving average price translates $21.3317 for the stock.
The latest earnings results from DXC Technology Co (NYSE: DXC) was released for 2024-03-31. According to the Information Technology Services Company, earnings per share came in at 0.63, missing analysts’ expectations of 0.82 by -0.19. This compares to -$3.29 EPS in the same period last year. The net profit margin was 0.67% and return on equity was 2.89% for DXC. The company reported revenue of $3.39 billion for the quarter, compared to $3.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.71 percent. For the current quarter, analysts expect DXC to generate $3.15B in revenue.
