Delta Air Lines, Inc (NYSE:DAL) shares, rose in value on Thursday, February 13, with the stock price down by -3.42% to the previous day’s close as strong demand from buyers drove the stock to $64.06.
Actively observing the price movement in the last trading, the stock closed the session at $66.33. The PE ratio was 12.02 over 12-month period. Referring to stock’s 52-week performance, its high was $69.98, and the low was $37.29. On the whole, DAL has fluctuated by -3.36% over the past month.
With the market capitalization of Delta Air Lines, Inc currently standing at about $41.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 0.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 62.55B, with a low estimate of 13.33B and a high estimate of 14.3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.79B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DAL’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.81, with the price of DAL currently trading nearly -4.70% and -0.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.63, while the 7-day volatility ratio is showing 3.97% which for the 30-day chart, stands at 2.99%. Furthermore, Delta Air Lines, Inc (DAL)’s beta value is 1.33, and its average true range (ATR) is 2.23.
A comparison of Delta Air Lines, Inc (DAL) with its peers suggests the former has fared considerably weaker in the market. DAL showed an intraday change of -3.42% in last session, and over the past year, it grew by 57.86%%.
Data on historical trading for Delta Air Lines, Inc (NYSE:DAL) indicates that the trading volumes over the past 3 months, they’ve averaged 7.59 million. According to company’s latest data on outstanding shares, there are 646.47 million shares outstanding.
Nearly 0.42% of Delta Air Lines, Inc’s shares belong to company insiders and institutional investors own 79.11% of the company’s shares. The stock has risen by 5.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAL stock heading into the next quarter.
