Delta Air Lines Inc. (NYSE:DAL) saw an upside of 0.13% to close Monday at $39.08 after adding $0.05 on the day. The 5-day average trading volume is 15,585,780 shares of the company’s common stock. It has gained $39.32 in the past week and touched a new high 2 times within the past 5 days. An average of 12,389,120 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,115,476.
DAL’s 1-month performance is 18.78% or $5.92 on its low of $31.82 reached on 12/29/22. The company’s shares have touched a 52-week low of $27.20 and high of $46.27, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, DAL has achieved 18.93% or $6.22 and has reached a new high 8 times. However, the current price is down -15.54% from the 52-week high price.
DAL stock investors last saw insider trading activity on Jan 18.Carroll William C (SVP, Fin & Controller) most recently sold 15,529 shares at $38.20 per share on Jan 17. This transaction cost the insider $593,208. EVP & Chief People Officer, Smith Joanne D, sold 2,000 shares at a price of $34.19 on Oct 28. Then, on Aug 31, Chief Executive Officer Bastian Edward H sold 47,500 shares at a price of $31.58 per share. This transaction amounted to $1,499,908.
DAL stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.49 while the price-to-book (PB) in the most recent quarter is 5.44, with the price to cash flow ratio at 7.94.
Delta Air Lines Inc.’s quick ratio for the period ended December 30 was 0.50, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending December 30 was 4.62, while the total debt to equity was 5.06. In terms of profitability, the gross margin trailing 12 months is 43.10%. The firm’s gross profit as reported stood at $17.17 billion against revenue of $50.58 billion.
For the quarterly period ending December 30 this year, Delta Air Lines Inc.’s cash and short-term investments amounted to $1.34 billion against total debt of $31.71 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 6.19% to $695.0 million, while revenue of $735.0 million was -5.76% off the previous quarter. Analysts expected DAL to announce $1.33 per share in earnings in its latest quarter, but it posted $1.48, representing a 11.30% surprise. DAL stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 65.82 billion, with total debt at $31.71 billion.
Let’s look briefly at Delta Air Lines Inc. (DAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 72.57% to suggest the stock is trending Overbought, with historical volatility in this time period at 32.10%.
The stock’s 5-day moving average is $38.62, reflecting a +2.30% or $0.88 change from its current price. DAL is currently trading +16.07% above its 20-day SMA, +22.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.34% and SMA200 by+0.13%.
Stochastic %K and %D was 89.40% and 86.48% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 68.63%, while the 14-day stochastic is at 92.59% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 1.52 on the 14-day charts.
In the most recent analyst report for Delta Air Lines Inc. (NYSE: DAL), Argus upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for DAL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DAL as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 16 have offered a “buy” rating.
What is DAL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $81.00, with their median price target at $45.00. Looking at these predictions, the average price target given by analysts is for Delta Air Lines Inc. (DAL) stock is $50.47.