Dell Technologies Inc (NYSE:DELL) price closed lower on Tuesday, October 22, and dropping -4.19% below its previous close.
A look at the daily price movement shows that the last close reads $125.66, with intraday deals fluctuated between $119.35 and $124.3. The company’s 5Y monthly beta was ticking 0.959 while its P/E ratio in the trailing 12-month period read 22.14. Taking into account the 52-week price action we note that the stock hit a 52-week high of $179.70 and 52-week low of $63.90. The stock added 2.41% on its value in the past month.
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Dell Technologies Inc, which has a market valuation of $87.71 billion, is expected to release its quarterly earnings report in November. The company stock has a Forward Dividend ratio of 2.08, while the dividend yield is 1.72%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 24.65B, with the likely lows of 24.47B and highs of 25.09B. Staying with the analyst view, there is a consensus estimate of 97.62B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 10.40% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give DELL a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 16 analysts have assigned DELL a recommendation rating as follows: 1 rate it as a Hold; 14 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Dell Technologies Inc (DELL) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.62. The overview shows that DELL’s price is at present -1.58% off the SMA20 and 4.10% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.93, with weekly volatility standing at 2.82%. The indicator jumps to 3.08% when calculated based on the past 30 days. Dell Technologies Inc (NYSE:DELL)’s beta value is holding at 0.90, while the average true range (ATR) indicator is currently reading 4.12. Considering analysts have assigned the stock a price target range of $47.5-$185 as the low and high respectively, we find the trailing 12-month average consensus price target to be $135. Based on this estimate, we see that current price is roughly 60.55% off the estimated low and -53.65% off the forecast high. Investors will no doubt be excited to see the share price fall to $135, which is the median consensus price, and at that level DELL would be -12.13% from current price.
An analysis of the Dell Technologies Inc (NYSE:DELL) stock in terms of its daily trading volume indicates that the 3-month average is 11.07 million. However, this figure increases on the past 10-day timeline to an average of 5.67 million.
Current records show that the company has 728.50M in outstanding shares. The insiders’ percentage holdings are 57.67% of outstanding shares while the percentage share held by institutions stands at 29.38%. The stats also highlight that short interest as of 2024-09-30, stood at 14.03 million shares, which puts the short ratio at the time at 0.96. From this we can glean that short interest is 467.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 11.05 million. But the 57.39% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
