Dynex Capital Surges to 76.1% Net Margin Amid Revenue Decline, P/E Ratio Challenges

Dynex Capital's net profit margin surged to 76.1%, defying bearish narratives on profitability. Despite projected 11.7% annual revenue decline, strong earnings growth and a high net margin support its attractive P/E ratio of 11x. However, the current share price of $13.29 is significantly above the estimated fair value of $8.30, raising caution flags for value-oriented investors.