DXC Technology Co (DXC) stock hits $20.87: Is it a good time to buy or wait for a dip?

DXC Technology Co [DXC] stock prices are up 2.40% to $20.87 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DXC shares have gain 1.41% over the last week, with a monthly amount glided 14.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DXC Technology Co [NYSE: DXC] stock has seen the most recent analyst activity on March 19, 2024, when Guggenheim initiated its Neutral rating and assigned the stock a price target of $22. Previously, JP Morgan downgraded its rating to Underweight on January 24, 2024, and dropped its price target to $24. On January 17, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $21 on the stock. Wolfe Research downgraded its rating to a Underperform but stick to its price target of $22 on October 17, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $25 on August 03, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 03, 2023, and downed its price target to $29. In a note dated August 03, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $35 to $23.

The stock price of DXC Technology Co [DXC] has been fluctuating between $14.78 and $25.14 over the past year. Currently, Wall Street analysts expect the stock to reach $26.11 within the next 12 months. DXC Technology Co [NYSE: DXC] shares were valued at $20.87 at the most recent close of the market. An investor can expect a potential return of 25.11% based on the average DXC price forecast.

Analyzing the DXC fundamentals

The DXC Technology Co [NYSE:DXC] reported sales of 13.46B for trailing twelve months, representing a drop of -6.09%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.47.

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 20.50 points at the first support level, and at 20.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.08, and for the 2nd resistance point, it is at 21.29.

Ratios To Look Out For

It’s worth pointing out that DXC Technology Co [NYSE:DXC]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 61.76.

Transactions by insiders

Recent insider trading involved Finch Mary E, EVP, Chief People Officer, that happened on Aug 12 ’24 when 31047.0 shares were sold. Officer, Finch Mary E completed a deal on Aug 12 ’24 to buy 31047.0 shares. Meanwhile, SVP, Controller and PAO Voci Christopher Anthony sold 2500.0 shares on Mar 14 ’24.

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