Is Delta Air Lines Inc. (DAL) Price Targeted To Increase?


As of Wednesday close, Delta Air Lines Inc.’s (NYSE:DAL) stock was up $0.26, moving up 0.76 percent to $34.49. The average number of shares traded per day over the past five days has been 5,572,740 shares. 2 times new highs have been achieved over the past 5 days, with a $0.37 gain in that time frame. In the last twenty days, the average volume was 8,214,510, while in the previous 50 days, it was 10,867,938.

Since last month, DAL stock rose 1.74%. Shares of the company fell to $30.98 on 11/03/22, 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 $27.20. Since the beginning of this year, DAL’s stock price has dropped by -11.75% or -$4.59, and marked a new high 11 times. However, the stock has declined by -25.46% since its 52-week high.

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DAL stock investors should be aware that Delta Air Lines Inc. (DAL) stock had its last reported insider trading activity 28 days ago on Oct 28. Smith Joanne D, the EVP & Chief People Officer of the company, disposed of 2,000 shares for $34.19 on Oct 28. It resulted in a $68,380 divestment by the insider. Bastian Edward H sold 47,500 shares at an average price of $31.58 on Aug 31. The insider now owns 399,212 shares following the transaction. On Jul 14, Director Taylor David S bought 10,000 shares at $29.31 apiece. The transaction was valued at $293,100.

Valuation Metrics

Right now, Delta Air Lines Inc. (DAL) has a P/E ratio of about 302.54. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 4.80, and the price-to-cash flow ratio of 5.78 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 September 29, Delta Air Lines Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, 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 September 29 was 4.62, and the total debt-to-equity ratio was 5.06. On the profitability front, the trailing twelve-month gross margin is 42.40% percent. In the year ended September 29, operating margins totaled 4.90%. 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 2.10%.

In Delta Air Lines Inc.’s quarter-end financial report for September 29, it reported total debt of $21.2 billion against cash and short-term investments of $1.34 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 49.01% to $13.82 billion during the quarter, while net income inched up to $13.97 billion. While analysts expected Delta Air Lines Inc. to report $1.53 quarterly earnings, the actual figure was $1.51 per share, beating the consensus estimate by -1.30%. During the quarter, the company generated $1.46 billion in EBITDA. The liabilities of Delta Air Lines Inc. were 68.01 billion at the end of its most recent quarter ended September 29, and its total debt was $31.94 billion. The value of shareholders’ equity is $641.19 million.

Technical Picture

This quick technical analysis looks at Delta Air Lines Inc.’s (DAL) price momentum. With a historical volatility rate of 17.90%, the RSI 9-day stood at 57.55% on 23 November.

With respect to its five-day moving average, the current Delta Air Lines Inc. price is up by +1.08% percent or $0.37. At present, DAL shares trade +1.74% above its 20-day simple moving average and +15.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.60% above its SMA50 and -19.06% below its SMA200.

Stochastic coefficient K was 63.39% and Stochastic coefficient D was 64.98%, while ATR was 1.00. Given the Stochastic reading of 60.68% for the 14-day period, the RSI (14) reading has been calculated as 57.68%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at 0.08.


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