The Stock Of The Week: Delta Air Lines Inc. (DAL)

As of Thursday close, Delta Air Lines Inc.’s (NYSE:DAL) stock was up $0.08, moving up 0.24 percent to $33.33. The average number of shares traded per day over the past five days has been 9,694,660 shares. 5 times new highs have been achieved over the past 5 days, with a $1.63 gain in that time frame. In the last twenty days, the average volume was 13,845,605, while in the previous 50 days, it was 14,542,522.

Since last month, DAL stock rose 12.87%. Shares of the company fell to $28.14 on 07/05/22, the lowest level in the past month. A 52-week high of $46.27 was reached on 04/21/22 after having rallying from a 52-week low of $28.09. Since the beginning of this year, DAL’s stock price has dropped by -14.71% or -$5.75, and marked a new high 11 times. However, the stock has declined by -27.97% since its 52-week high.

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Delta Air Lines Inc. (DAL) last reported insider trading activity 22 days ago on Jul 14. Taylor David S, the Director of the company, purchased of 10,000 shares for $29.31 on Jul 14. It resulted in a $293,100 investment by the insider. Smith Joanne D sold 7,704 shares at an average price of $41.48 on May 31. The insider now owns 113,153 shares following the transaction. On May 27, EVP – Global Sales Sear Steven M sold 12,780 shares at $41.65 apiece. The transaction was valued at $532,287.

Valuation Metrics

Right now, Delta Air Lines Inc. (DAL) has a P/E ratio of about 36.23. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 5.58, and the price-to-cash flow ratio of 6.83 may also be considered.

The latest dividend of $0.4025 per share was paid out, which is -0.12% less than last year’s $0.4030.

Financial Health

In the three months ended June 29, Delta Air Lines Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.01, and the total debt-to-equity ratio was 6.52. On the profitability front, the trailing twelve-month gross margin is 42.10% percent. In the year ended June 29, operating margins totaled 6.90%. Based on annual data, DAL earned $7.4 billion in gross profit and brought in $29.9 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was 18.00%.

In Delta Air Lines Inc.’s quarter-end financial report for June 29, it reported total debt of $22.9 billion against cash and short-term investments of $1.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DAL’s revenue rose 69.98% to $9.35 billion during the quarter, while net income inched up to $13.82 billion. While analysts expected Delta Air Lines Inc. to report $1.73 quarterly earnings, the actual figure was $1.44 per share, beating the consensus estimate by -16.80%. During the quarter, the company generated $1.52 billion in EBITDA. The liabilities of Delta Air Lines Inc. were 70.99 billion at the end of its most recent quarter ended June 29, and its total debt was $33.67 billion. The value of shareholders’ equity is $641.2 million.

Technical Picture

This quick technical analysis looks at Delta Air Lines Inc.’s (DAL) price momentum. With a historical volatility rate of 29.89%, the RSI 9-day stood at 65.95% on 04 August.

With respect to its five-day moving average, the current Delta Air Lines Inc. price is up by +5.14% percent or $1.63. At present, DAL shares trade +11.43% above its 20-day simple moving average and +3.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately -15.66% below its SMA50 and -18.73% below its SMA200.

Stochastic coefficient K was 85.83% and Stochastic coefficient D was 81.09%, while ATR was 1.15. Given the Stochastic reading of 90.93% for the 14-day period, the RSI (14) reading has been calculated as 58.31%. As of today, the MACD Oscillator reading stands at 0.84, while the 14-day reading stands at 0.83.

Analyst Ratings

Delta Air Lines Inc. downgraded its rating on Delta Air Lines Inc. (NYSE: DAL) to a Hold in a note to investors on July 15, 2022. The analysts firm previously had a Buy rating on the stock.Delta Air Lines Inc. (DAL) has been rated Buy by analysts. According to 0 brokerage firms, DAL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Delta Air Lines Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $47.75, the current consensus forecast for the stock is $35.00 – $70.00. Based on these forecasts, analysts predict Delta Air Lines Inc. (DAL) will achieve an average price target of $49.41.


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