The stock of Dell Technologies Inc. (NYSE:DELL) decreased by -$1.03 on Tuesday to finish at $55.73, down -1.81 percent. The last five days have seen an average of 2,718,880 shares of common stock traded. 32 times new highs were reached in the current year, with a gain of $15.51. The average number of shares traded over the last 20 days was 3,231,435, while the average volume over the last 50 days totaled 4,213,494.
DELL stock appreciated 1.88% since last month. On 08/03/23, the company’s shares reached a one-month low of $52.05. The stock touched a high of $58.72 on 08/08/23, after rallying from a low of $32.90 in 52 weeks. The price of DELL stock has risen by 38.56% or $15.51 this year, reaching a new high 32 times. Still, the stock price is down -5.09% from the 52-week high.
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Insider Transactions
DELL stock investors should be aware that Dell Technologies Inc. (DELL) stock had its last reported insider trading activity 34 days ago on Jul 13. On Jul 13, Chief Marketing Officer Dew Allison sold 329,038 shares at $55.24 each. This transaction resulted in the insider making $18,176,744. On Jul 12, SLTA IV (GP), L.L.C. sold 17,891 shares at a price of US$54.35. After the transaction, the insider now owns 4,390 shares. Director SLTA V (GP), L.L.C. had earlier sold 17,891 shares on Jul 12 for $54.35 a share. The transaction was completed for $972,363.
Valuation Metrics
Dell Technologies Inc. (DELL) has a trailing price-to-earnings (P/E) ratio of 21.17. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.41, and the price-to-cash flow ratio of 15.43.
Company paid $0.37 per share in dividends, remained unchanged from $0.37 last year. A $0.04 dividend increase was reported on Thursday March 2 2023.
Financial Health
For the three months ended April 29, Dell Technologies Inc.’s quick ratio was 0.70, while its current ratio was 0.80, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 22.60% percent. Dell Technologies Inc.’s EBITDA margin for the year ended April 29 was 8.64%, whereas its operating margin stood at 4.50% for the same period. Based on annual data, it had gross profit of $22.69 billion and revenue of $102.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DELL’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 15.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -62.60%.
Earnings Surprise
According to Dell Technologies Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $20.92 billion, while revenues fell by -24.83% to $23.93 billion. It was predicted that Dell Technologies Inc.’s quarterly earnings would be $1.31, but it ended up being $0.86, beating the consensus by 52.30%. EBITDA was $1.88 billion for the quarter. At the end of Dell Technologies Inc.’s most recent quarter ended April 29, its liabilities totaled 87.02 billion, while its total debt was $29.37 billion. Equity owned by shareholders amounts to $727.24 million.
Technical Picture
Here’s a quick look at Dell Technologies Inc.’s (DELL) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 55.34%, suggesting the stock is Neutral, with a 34.43% historical volatility rate.
The stochastic %K and %D were 65.87% and 66.45% respectively, while the average true range (ATR) was 1.45. Based on the 14-day stochastic reading of 55.17%, the RSI (14) reading is 56.95%. On the 9-day MACD Oscillator, the stock is at 0.80, and the 14-day reading is at 1.70.
Analyst Ratings
In its analyst report released on June 30, 2023, Citigroup began covering Dell Technologies Inc. (NYSE: DELL). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Dell Technologies Inc. (DELL) an Overweight rating. DELL is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 11 others recommend it as a buy.
What is DELL’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $62.00, with a median target price of $56.00. In analyzing these forecasts, the average price target given by analysts for Dell Technologies Inc. (DELL) is $55.30.
