Is Direxion Daily Oil stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Direxion Daily Oil pays dividends. Last time was Thursday 1st of January 1970 where the investors holding the stock on Tuesday 21st of March 2023 were paid $0.144 per share. Over the last 4 times between 2022 and 2023, Direxion Daily Oil has paid $0.186 with an average of $0.05 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Direxion Daily Oil 10 years ago, but if you had invested on Thursday 20th of January 2022 when the price was $24.29, you would have made a profit of $4.69 per share or 19.31%
We do not have enough data to give you this answer.
Direxion Daily Oil has no real debt, which is good in periods of high inflation. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Direxion Daily Oil to be medium [0.6 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.