Dell Technologies Inc. (NYSE:DELL) finished Wednesday with an addition of $1.03 to close at $56.83, an upside of 1.85 percent. An average of 3,039,900 shares of common stock have been traded in the last five days. There was a gain of $1.61 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 3,240,760 shares traded, while the 50-day average volume stands at 4,030,292.
DELL stock has increased by 4.52% in the last month. The company shares reached their 1-month lowest point of $52.05 on 08/03/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $32.90 and a high of $58.72 in 52 weeks. It has reached a new high 32 times so far this year and achieved 41.30% or $16.61 in price. In spite of this, the price is down -3.22% 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 7 days ago on Aug 17. In this transaction, the insider spent $5,943,731. Chief Marketing Officer, Dew Allison, disposed of 329,038 shares at a price of $55.24 on Jul 13. The insider now owns more than $18,176,744 worth of shares. Prior to that, Director SLTA V (GP), L.L.C. went on to Sale 17,891 shares at $54.35 each on Jul 12. An amount of $972,363 was transacted.
Valuation Metrics
Dell Technologies Inc. (DELL) has a trailing price-to-earnings (P/E) ratio of 21.58. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, and the price-to-cash flow ratio at 15.95.
The company has a payout ratio of 50.50%. The company’s most recent quarterly dividend payment was $0.37 a share, without any change from last year. Its latest increase dividend $0.04 reported on Thursday March 2 2023.
Financial Health
The quick ratio of Dell Technologies Inc. for the three months ended April 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Dell Technologies Inc.’s EBITDA margin for the year ending April 29 is 8.64%, while its operating margin for the same period stands at 4.50%. Its gross profit as reported stood at $22.69 billion compared to revenue of $102.3 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, Dell Technologies Inc.’s return on assets was 2.20%.
Earnings Surprise
For the three-month period that ended April 29, Dell Technologies Inc. had $22.96 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $583.0 million in the quarter, while revenues of $3.73 billion were shrunk -83.88%. The analyst consensus anticipated Dell Technologies Inc.’s latest quarter earnings to come in at $0.86 per share, but it turned out to be $1.31, a 52.30% surprise. For the quarter, EBITDA amounted to $1.88 billion. Shareholders own equity worth $727.24 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Dell Technologies Inc. (DELL) price momentum. RSI 9-day as of the close on 23 August was 62.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.94%.
As of today, DELL’s price is $55.69 +2.92% or $1.61 from its 5-day moving average. DELL is currently trading +5.40% higher than its 20-day SMA and +42.57% higher than its 100-day SMA. However, the stock’s current price level is +18.22% above the SMA50 and +52.16% above the SMA200.
The stochastic %K and %D were 60.93% and 54.16%, respectively, and the average true range (ATR) was 1.32. With the 14-day stochastic at 66.61% and the average true range at 1.32, the RSI (14) stands at 61.01%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.44.
Analyst Ratings
Citigroup launched coverage on Dell Technologies Inc. (NYSE: DELL) in its analyst report released on June 30, 2023. The firm assigned the stock a Buy rating. The consensus rating for Dell Technologies Inc. (DELL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DELL, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.
What is DELL’s price target for the next 12 months?
Analysts predict a range of price targets between $45.00 and $65.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Dell Technologies Inc. (DELL) stock is $56.59.
