Dell Technologies Inc (NYSE:DELL) shares, rose in value on Friday, November 01, with the stock price up by 6.74% to the previous day’s close as strong demand from buyers drove the stock to $131.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $123.63, falling within a range of $124.4 and $132.62. The value of beta (5-year monthly) is 0.959 whereas the PE ratio is 24.26 over 12-month period. Referring to stock’s 52-week performance, its high was $179.70, and the low was $66.75. On the whole, DELL has fluctuated by 14.08% over the past month.
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With the market capitalization of Dell Technologies Inc currently standing at about $96.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-26. The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 1.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 97.6B, with a low estimate of 24.47B and a high estimate of 25.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.65B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DELL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.78, with the price of DELL currently trading nearly 6.06% and 11.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.58, while the 7-day volatility ratio is showing 3.59% which for the 30-day chart, stands at 3.03%. Furthermore, Dell Technologies Inc (DELL)’s beta value is 0.89, and its average true range (ATR) is 4.86.
A comparison of Dell Technologies Inc (DELL) with its peers suggests the former has fared considerably weaker in the market. DELL showed an intraday change of 6.74% in today’s session so far, and over the past year, it grew by 92.17%%.
Data on historical trading for Dell Technologies Inc (NYSE:DELL) indicates that the trading volumes over the past 10 days have averaged 6.11 and over the past 3 months, they’ve averaged 10.56 million. According to company’s latest data on outstanding shares, there are 728.50 million shares outstanding.
Nearly 57.67% of Dell Technologies Inc’s shares belong to company insiders and institutional investors own 29.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.34 million shares as on 2024-10-15, resulting in a short ratio of 0.92. According to the data, the short interest in Dell Technologies Inc (DELL) stood at 344.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 11.97 million. The stock has risen by 72.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DELL stock heading into the next quarter.
