Dell Technologies Inc (NYSE:DELL) shares, rose in value on Friday, January 03, with the stock price up by 2.76% to the previous day’s close as strong demand from buyers drove the stock to $119.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $116.53, falling within a range of $117.38 and $120.232. The value of beta (5-year monthly) is 0.954 whereas the PE ratio is 21.16 over 12-month period. Referring to stock’s 52-week performance, its high was $179.70, and the low was $74.56. On the whole, DELL has fluctuated by -4.63% over the past month.
With the market capitalization of Dell Technologies Inc currently standing at about $83.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 1.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 96.26B, with a low estimate of 24B and a high estimate of 24.83B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.54B.
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 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.55, with the price of DELL currently trading nearly 1.31% and -5.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.36, while the 7-day volatility ratio is showing 2.30% which for the 30-day chart, stands at 3.09%. Furthermore, Dell Technologies Inc (DELL)’s beta value is 0.91, and its average true range (ATR) is 4.09.
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 2.76% in today’s session so far, and over the past year, it grew by 56.33%%.
Data on historical trading for Dell Technologies Inc (NYSE:DELL) indicates that the trading volumes over the past 10 days have averaged 5.78 and over the past 3 months, they’ve averaged 7.41 million. According to company’s latest data on outstanding shares, there are 334.00 million shares outstanding.
Nearly 56.73% of Dell Technologies Inc’s shares belong to company insiders and institutional investors own 33.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.14 million shares as on 2024-11-15, resulting in a short ratio of 1.56. According to the data, the short interest in Dell Technologies Inc (DELL) stood at 337.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 10.34 million. The stock has risen by 3.91% 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.
