Delta Air Lines Inc. (NYSE:DAL) finished Thursday with a subtraction of -$1.2 to close at $29.96, a downside of -3.85 percent. An average of 11,037,640 shares of common stock have been traded in the last five days. There was a fall of -$3.32 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 9,445,870 shares traded, while the 50-day average volume stands at 9,934,690.
DAL stock has decreased by -8.85% in the last month. The company shares reached their 1-month lowest point of $29.73 on 09/22/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $28.09 and a high of $46.27 in 52 weeks. It has reached a new high 11 times so far this year and lost -23.34% or -$9.12 in price. In spite of this, the price is down -35.25% from the 52-week high.
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23 days have passed since Delta Air Lines Inc. (DAL) last reported insider trading activity. Bastian Edward H, who is Chief Executive Officer, most recently acquired $47,500 shares at $31.58 per share on Aug 31. In this transaction, the insider spent $1,499,908. EVP & Chief People Officer, Smith Joanne D, disposed of 7,704 shares at a price of $41.48 on May 31. The insider now owns more than $319,562 worth of shares. Prior to that, EVP – Global Sales Sear Steven M went on to Sale 12,780 shares at $41.65 each on May 27. An amount of $532,287 was transacted.
Delta Air Lines Inc. (DAL) has a trailing price-to-earnings (P/E) ratio of 32.57. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.48, the price-to-book (PB) ratio at 5.02, and the price-to-cash flow ratio at 6.42.
The quick ratio of Delta Air Lines Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.01 and a total debt to equity ratio of 6.52 for the quarter ending June 29. Its gross profit as reported stood at $7.4 billion compared to revenue of $29.9 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Delta Air Lines Inc.’s return on assets was 0.80%.
For the three-month period that ended June 29, Delta Air Lines Inc. had $1.55 billion in cash and short-term investments compared to $22.9 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $735.0 million in the quarter, while revenues were grew 260.14%. The analyst consensus anticipated Delta Air Lines Inc.’s latest quarter earnings to come in at $1.73 per share, but it turned out to be $1.44, a -16.80% surprise. For the quarter, EBITDA amounted to $1.52 billion. Shareholders own equity worth $641.2 million.
From a technical analysis perspective, let’s take a brief look at Delta Air Lines Inc. (DAL) price momentum. RSI 9-day as of the close on 22 September was 33.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.97%.
As of today, DAL’s price is $31.78 -9.98% or -$3.32 from its 5-day moving average. DAL is currently trading -10.06% lower than its 20-day SMA and -30.37% lower than its 100-day SMA. However, the stock’s current price level is +0.88% above the SMA50 and -21.45% below the SMA200.
The stochastic %K and %D were 37.30% and 56.32%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 5.85% and the average true range at 1.21, the RSI (14) stands at 38.01%. The stock has reached -0.90 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.
Argus downgraded Delta Air Lines Inc. (NYSE: DAL) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Delta Air Lines Inc. (DAL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DAL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.
What is DAL’s price target for the next 12 months?
Analysts predict a range of price targets between $35.00 and $74.00, with a median target of $46.00. Taking a look at these predictions, the average price target given by analysts for Delta Air Lines Inc. (DAL) stock is $49.06.