Destination XL Group Inc (NASDAQ:DXLG) Could Really Rise To 3 In 12 Months, According To Analysts.

In last trading session, Destination XL Group Inc (NASDAQ:DXLG) saw 0.32 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $2.92 trading at $0.11 or 3.91% at ring of the bell on the day assigns it a market valuation of $170.12M. That closing price of DXLG’s stock is at a discount of -67.81% from its 52-week high price of $4.90 and is indicating a premium of 25.0% from its 52-week low price of $2.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 361.24K if we extend that period to 3-months.

For Destination XL Group Inc (DXLG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Destination XL Group Inc (NASDAQ:DXLG) trade information

Upright in the green during last session for gaining 3.91%, in the last five days DXLG remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $2.92 price level, adding 2.01% to its value on the day. Destination XL Group Inc’s shares saw a change of -33.64% in year-to-date performance and have moved 3.91% in past 5-day. Destination XL Group Inc (NASDAQ:DXLG) showed a performance of 4.47% in past 30-days. Number of shares sold short was 5.04 million shares which calculate 11.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 2.67% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -2.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.74% for stock’s current value.

In 2024, company’s earnings growth rate is likely to be around -62.00% while estimates for its earnings growth in next 5 years are of 15.00%.

Destination XL Group Inc (NASDAQ:DXLG)’s Major holders

Insiders are in possession of 11.31% of company’s total shares while institution are holding 89.13 percent of that, with stock having share float percentage of 100.49%. Investors also watch the number of corporate investors in a company very closely, which is 89.13% institutions for Destination XL Group Inc that are currently holding shares of the company. AWM INVESTMENT COMPANY, INC. is the top institutional holder at DXLG for having 9.4 million shares of worth $34.21 million. And as of 2024-06-30, it was holding 16.1956 of the company’s outstanding shares.

The second largest institutional holder is FUND 1 INVESTMENTS, LLC, which was holding about 5.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.8771 of outstanding shares, having a total worth of $20.87 million.