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Monday, September 28, 2020

Is Now the Time to Invest in Destination XL Group Inc. (NASDAQ:DXLG)?

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Destination XL Group Inc. (DXLG) shares are trading at higher $0.28.

To add more color to this target, the company’s high over the last year is $1.80 and the low is $0.22. Over the last 52 weeks, DXLG is down -81.34% while the S&P 500 is up 12.41%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DXLG reported a profit of $21.5 million. Destination XL Group Inc. also saw revenues increase to $76.44 million. In addition, DXLG has free cash flow of -$11.12 million as of 07-2020. The company’s EBITDA came in at -$4.26 million which compares well with its peers.

DXLG booked profit margins of -15.40%, its Return on Equity (ROE) is -163.30%, and its Return on Assets is -14.90%. All told, it is clear that, DXLG needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DXLG has a short ratio of 0.51 and outstanding shares of 51.08M.

Company Outlook

DXLG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.62 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.13. Destination XL Group Inc. DXLG also noted assets of $344.38 million at the end of the last quarter. Investors should also keep an eye on sector updates as DXLG has historically followed its peers on positive news.

All told, Destination XL Group Inc. DXLG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DXLG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Destination XL Group Inc. DXLG is now commanding a market cap of 14.85M and a float of 42.56M. DXLG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DXLG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DXLG, either long or short, and we have not been compensated for this article.

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