DX

Dynex CapitalC

NYSE / Financial Services

At close

2026-07-18

Current thesis

The bullish case is that Q1 marked a spread-driven mark-to-market setback rather than a deterioration in core earnings power: financing costs eased, EAD remained positive, liquidity was high, and the new buyback authorization gives management a credible tool to support per-share value if the stock/book relationship weakens.

Posture

Mixed

Lead driver

Value

What changed

Next scheduled catalyst: earnings 2026-07-20 · BMO.

What can break

ATM equity issuance helped scale the portfolio but can dilute per-share book value if deployed into weak spread conditions.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $12.80 · Bull $14.80 · Bear $11.40

Earnings

2026-07-20 · BMO

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-21 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $14.80

Why

Momentum41 · Δ7d -3.8

Value63 · Δ7d -0.1

Sentiment51 · Δ7d -4.5

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

-3.8

Δ21d

-13.0

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.1

Δ21d

+1.5

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-4.5

Δ21d

-3.1

Why this grade

Composite grade C. Momentum 40.7 / Value 63.4 / Sentiment 50.7

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$2.87B

Beta

0.97

Shares Out

215.15M

P/E (TTM)

9.5

P/S (TTM)

4.64

P/FCF (TTM) · Derived

-16.63

Rev YoY

+179.9%

EPS YoY

+651.6%

Gross Margin

+100.0%

Op Margin

+41.5%

Net Debt

$13.37B

Current Ratio

0.07

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology