It’s still a bull thesis, just subverted: DXC Technology Company (DXC)

DXC Technology Company [DXC] stock prices are up 3.00% to $29.54 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DXC shares have gain 3.25% over the last week, with a monthly amount glided 2.64%, and seem to be holding up well over a long-time horizon.

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On 3, November 2022, DXC Technology Reports Second Quarter Fiscal Year 2023 Results. In a post published today on Yahoo Finance, Revenues of $3.57 billion for Q2 FY23, down 11.4% as compared to prior year period, and down 1.5% on an organic basis.

From an analyst’s perspective:

DXC Technology Company [NYSE: DXC] stock has seen the most recent analyst activity on September 16, 2022, when Susquehanna downgraded its rating to a Neutral and also revised its price target to $31 from $39. Previously, BofA Securities downgraded its rating to Underperform on March 09, 2022, and dropped its price target to $30. On September 22, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $40 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $45 on September 14, 2021. Susquehanna upgraded its rating to a Positive but $42 remained the price target by the analyst firm on August 24, 2021. JP Morgan downgraded its rating to Underweight for this stock on August 17, 2021, but kept the price target unchanged to $45. In a note dated August 03, 2021, BMO Capital Markets upgraded an Outperform rating on this stock and boosted its target price from $43 to $50.

The stock price of DXC Technology Company [DXC] has been fluctuating between $22.65 and $39.65 over the past year. Currently, Wall Street analysts expect the stock to reach $34.09 within the next 12 months. DXC Technology Company [NYSE: DXC] shares were valued at $29.54 at the most recent close of the market. An investor can expect a potential return of 15.4% based on the average DXC price forecast.

Analyzing the DXC fundamentals

The most recent quarter, DXC Technology Company [NYSE:DXC] reported sales of 3.57 billion, representing a drop of -11.40%. Gross Margin for this corporation currently stands at +10.94% with Operating Margin at +2.97%, Pretax Margin comes in at +7.02%, and Net Margin reading is +4.41%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.98 points at the first support level, and at 28.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.82, and for the 2nd resistance point, it is at 30.10.

DXC Technology Company [DXC] reported earnings per share of $0.75 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.82/share, meaning a difference of -$0.07 and a surprise factor of -8.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.84 per share as compared to estimates of $0.99 per share, a difference of -$0.15 representing a surprise of -15.20%.

Ratios To Look Out For

It’s worth pointing out that DXC Technology Company [NYSE:DXC]’s Current Ratio is 1.10. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 1.53 and the P/E (TTM) ratio is 9.63.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 4 insider sales of 35,969 shares in the past three months, is now the topic of our analysis. Recent insider trading involved FERNANDEZ RAUL J, Director, that happened on Nov 11 when 10000.0 shares were sold. EVP & General Counsel, DECKELMAN WILLIAM L JR completed a deal on Nov 10 to sell 17250.0 shares. Meanwhile, EVP & General Counsel DECKELMAN WILLIAM L JR sold 53831.0 shares on Feb 07.