Destination XL Group Inc (NASDAQ: DXLG) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Destination XL Group Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Apparel Retail industry. The current market capitalization of Destination XL Group Inc is $151.52M. A total of 0.41 million shares were traded on the day, compared to an average of 295.04K shares.

In the most recent transaction, Fund 1 Investments, LLC sold 225,000 shares of DXLG for 3.15 per share on May 03 ’24. After the transaction, the 10% Owner now owns 5,691,577 company shares. In a previous transaction on Feb 15 ’24, Molloy Robert S sold 20,000 shares at 4.00 per share. DXLG shares that General Counsel & Secretary owns now total 240,409.

Among the insiders who sold shares, Molloy Robert S disposed of 20,000 shares on Jan 11 ’24 at a per-share price of $4.01. This resulted in the General Counsel & Secretary holding 240,409 shares of DXLG after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, DXLG has a high of $4.68 and a low of $2.15.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DXLG’s latest balance sheet shows that the firm has $15.51M in Cash & Short Term Investments as of fiscal 2022. There were $155.60M in debt and $95.46M in liabilities at the time. Its Book Value Per Share was $2.66, while its Total Shareholder’s Equity was $58.22M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DXLG is Buy with a score of 4.00.

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