Is Direxion Daily Utilities 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 Utilities pays dividends. Last time was Tuesday 1st of October 2024 where the investors holding the stock on Tuesday 24th of September 2024 were paid $0.09071 per share. Over the last 29 times between 2017 and 2024, Direxion Daily Utilities has paid $5.24312 with an average of $0.18 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Direxion Daily Utilities 10 years ago, but if you had invested on Friday 22nd of November 2019 when the price was $42.94, you would have made a loss of $-4.50 per share or -10.48%
Yes, the average daily trading liquidity for Direxion Daily Utilities is $206 575 thousand. You should therefore be able to get in and out of your positions relatively fast.
Direxion Daily Utilities 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 Utilities 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.