Dell Technologies Inc (NYSE:DELL) shares, rose in value on Friday, November 22, with the stock price up by 2.57% to the previous day’s close as strong demand from buyers drove the stock to $142.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $138.92, falling within a range of $140.5 and $143.91. The value of beta (5-year monthly) is 0.954 whereas the PE ratio is 26.20 over 12-month period. Referring to stock’s 52-week performance, its high was $179.70, and the low was $67.51. On the whole, DELL has fluctuated by 18.18% over the past month.
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With the market capitalization of Dell Technologies Inc currently standing at about $103.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 1.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 97.51B, with a low estimate of 24.41B and a high estimate of 25.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.71B.
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 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.92, with the price of DELL currently trading nearly 7.02% and 13.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.78, while the 7-day volatility ratio is showing 3.30% which for the 30-day chart, stands at 3.59%. Furthermore, Dell Technologies Inc (DELL)’s beta value is 0.92, and its average true range (ATR) is 5.02.
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 2.57% in today’s session so far, and over the past year, it grew by 90.80%%.
Data on historical trading for Dell Technologies Inc (NYSE:DELL) indicates that the trading volumes over the past 10 days have averaged 5.72 and over the past 3 months, they’ve averaged 9.43 million. According to company’s latest data on outstanding shares, there are 728.50 million shares outstanding.
Nearly 57.22% of Dell Technologies Inc’s shares belong to company insiders and institutional investors own 32.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.43 million shares as on 2024-10-31, resulting in a short ratio of 1.48. According to the data, the short interest in Dell Technologies Inc (DELL) stood at 314.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 14.03 million. The stock has risen by 86.26% 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.
