Delta Air Lines Inc. (NYSE:DAL) saw an upside of 0.60% to close Monday at $41.74 after adding $0.25 on the day. The 5-day average trading volume is 5,898,340 shares of the company’s common stock. It has gained $44.06 in the past week and touched a new high 1 time within the past 5 days. An average of 7,150,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,919,348.
DAL’s 1-month performance is -14.03% or -$6.81 on its low of $41.10 reached on 08/18/23. The company’s shares have touched a 52-week low of $27.20 and high of $49.81, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, DAL has achieved 27.02% or $8.88 and has reached a new high 23 times. However, the current price is down -16.20% from the 52-week high price.
Insider Transactions
DAL stock investors last saw insider trading activity on Aug 09.Sear Steven M (EVP – Global Sales & Distrib) most recently sold 12,129 shares at $45.52 per share on Aug 09. This transaction cost the insider $552,112. EVP – External Affairs, Carter Peter W, sold 17,944 shares at a price of $45.00 on Aug 07. Then, on Aug 02, EVP – External Affairs Carter Peter W sold 7,056 shares at a price of $45.00 per share. This transaction amounted to $317,520.
Valuation Metrics
DAL stock has a beta of 1.31. 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 3.29, with the price to cash flow ratio at 33.55.
Delta Air Lines Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.24, while the total debt to equity was 2.49. In terms of profitability, the gross margin trailing 12 months is 48.00%. The trailing 12-month EBITDA margin is 11.16% while for the period ending June 29, Delta Air Lines Inc.’s operating margin was 9.10%. The firm’s gross profit as reported stood at $17.17 billion against revenue of $50.58 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 59.77% to $1.83 billion, while revenue of -$363.0 million was 119.87% off the previous quarter. Analysts expected DAL to announce $2.4 per share in earnings in its latest quarter, but it posted $2.68, representing a 11.70% surprise. EBITDA for the quarter stood at more than $2.49 billion. DAL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 65.4 billion, with total debt at $28.65 billion. Shareholders hold equity totaling $643.42 million.
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 21 August was 24.48% to suggest the stock is trending oversold, with historical volatility in this time period at 13.96%.
The stock’s 5-day moving average is $42.14, reflecting a -5.63% or -$2.49 change from its current price. DAL is currently trading -12.09% above its 20-day SMA, +28.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.72% and SMA200 by+24.12%.
Stochastic %K and %D was 7.37% and 4.47% and the average true range (ATR) pointed at 0.98. The RSI (14) points at 31.81%, while the 14-day stochastic is at 12.91% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at -1.55 and -2.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Delta Air Lines Inc. (NYSE: DAL), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line 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 0 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 18 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 $51.00 and a high of $77.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Delta Air Lines Inc. (DAL) stock is $61.22.
