As of Thursday close, Delta Air Lines Inc.’s (NYSE:DAL) stock was down -$0.35, moving down -0.81 percent to $42.88. The average number of shares traded per day over the past five days has been 6,249,380 shares. 3 times new highs have been achieved over the past 5 days, with a $0.98 gain in that time frame. In the last twenty days, the average volume was 6,077,110, while in the previous 50 days, it was 9,855,892.
Since last month, DAL stock retreated -4.29%. Shares of the company fell to $41.10 on 08/18/23, the lowest level in the past month. A 52-week high of $49.81 was reached on 07/13/23 after having rallying from a 52-week low of $27.20. Since the beginning of this year, DAL’s stock price has risen by 30.49% or $10.02, and marked a new high 23 times. However, the stock has declined by -13.91% since its 52-week high.
DAL stock investors should be aware that Delta Air Lines Inc. (DAL) stock had its last reported insider trading activity 23 days ago on Aug 09. Sear Steven M, the EVP – Global Sales & Distrib of the company, disposed of 12,129 shares for $45.52 on Aug 09. It resulted in a $552,112 divestment by the insider. Carter Peter W sold 17,944 shares at an average price of $45.00 on Aug 07. The insider now owns 166,192 shares following the transaction. On Aug 02, EVP – External Affairs Carter Peter W sold 7,056 shares at $45.00 apiece. The transaction was valued at $317,520.
Valuation Metrics
Right now, Delta Air Lines Inc. (DAL) has a P/E ratio of about 9.21. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 3.38, and the price-to-cash flow ratio of 34.39 may also be considered.
The latest dividend of $0.10 per share was paid out, which is -75.16% less than last year’s $0.4025. On Thursday June 15 2023, a $0.3025 dividend decrease was announced.
Financial Health
In the three months ended June 29, Delta Air Lines Inc.’s quick ratio stood at 0.40, while its current ratio was 0.50, 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 June 29 was 2.24, and the total debt-to-equity ratio was 2.49. On the profitability front, the trailing twelve-month gross margin is 48.00% percent. In the year ended June 29, EBITDA margin amounted to 11.16%, whereas operating margins totaled 9.10%. Based on annual data, DAL earned $17.17 billion in gross profit and brought in $50.58 billion in revenue.
In Delta Air Lines Inc.’s quarter-end financial report for June 29, it reported total debt of $18.14 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 11.26% to $12.76 billion during the quarter, while net income inched up to $15.58 billion. While analysts expected Delta Air Lines Inc. to report $2.4 quarterly earnings, the actual figure was $2.68 per share, beating the consensus estimate by 11.70%. During the quarter, the company generated $2.49 billion in EBITDA. The liabilities of Delta Air Lines Inc. were 65.4 billion at the end of its most recent quarter ended June 29, and its total debt was $28.65 billion. The value of shareholders’ equity is $643.42 million.
Technical Picture
This quick technical analysis looks at Delta Air Lines Inc.’s (DAL) price momentum. With a historical volatility rate of 21.60%, the RSI 9-day stood at 47.40% on 31 August.
With respect to its five-day moving average, the current Delta Air Lines Inc. price is up by +2.34% percent or $0.98. At present, DAL shares trade -2.96% below its 20-day simple moving average and +26.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.21% above its SMA50 and +20.99% above its SMA200.
Stochastic coefficient K was 57.45% and Stochastic coefficient D was 45.83%, while ATR was 1.01. Given the Stochastic reading of 55.01% for the 14-day period, the RSI (14) reading has been calculated as 45.42%. As of today, the MACD Oscillator reading stands at 0.91, while the 14-day reading stands at 0.82.
Analyst Ratings
Evercore ISI upgraded its rating on Delta Air Lines Inc. (NYSE: DAL) to an Outperform in a note to investors on March 07, 2023. The analysts firm previously had an In-line rating on the stock.Delta Air Lines Inc. (DAL) has been rated Buy by analysts. According to 0 brokerage firms, DAL is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Delta Air Lines Inc. stock as buy, with 18 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $51.00 – $77.00. Based on these forecasts, analysts predict Delta Air Lines Inc. (DAL) will achieve an average price target of $61.11.
