As of Wednesday close, Dell Technologies Inc.’s (NYSE:DELL) stock was down -$0.96, moving down -1.37 percent to $68.94. The average number of shares traded per day over the past five days has been 4,334,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.51 fall in that time frame. In the last twenty days, the average volume was 6,493,075, while in the previous 50 days, it was 4,683,818.
Since last month, DELL stock rose 23.00%. Shares of the company fell to $53.62 on 08/30/23, the lowest level in the past month. A 52-week high of $72.82 was reached on 09/11/23 after having rallying from a 52-week low of $32.90. Since the beginning of this year, DELL’s stock price has risen by 71.41% or $28.72, and marked a new high 37 times. However, the stock has declined by -5.33% since its 52-week high.
DELL stock investors should be aware that Dell Technologies Inc. (DELL) stock had its last reported insider trading activity 15 days ago on Sep 06. Rothberg Richard J, the General Counsel & Secretary of the company, disposed of 30,009 shares for $68.00 on Sep 06. It resulted in a $2,040,612 divestment by the insider. Whitten Anthony Charles sold 107,803 shares at an average price of $55.14 on Aug 17. The insider now owns 650,198 shares following the transaction. On Jul 13, Chief Marketing Officer Dew Allison sold 329,038 shares at $55.24 apiece. The transaction was valued at $18,176,744.
Valuation Metrics
Right now, Dell Technologies Inc. (DELL) has a P/E ratio of about 26.70. The stock’s beta is 0.97.
The latest dividend of $0.37 per share was paid out, remained unchanged from last year’s $0.37. On Thursday March 2 2023, a $0.04 dividend increase was announced.
Financial Health
In the three months ended July 30, Dell Technologies Inc.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 23.40% percent. In the year ended July 30, EBITDA margin amounted to 8.64%, whereas operating margins totaled 4.60%. Based on annual data, DELL earned $22.69 billion in gross profit and brought in $102.3 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.40%. Return on equity (ROE) for the past 12 months was -61.50%.
In Dell Technologies Inc.’s quarter-end financial report for July 30, it reported total debt of $20.18 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DELL’s revenue fell -15.22% to $20.92 billion during the quarter, while net income inched up to $22.93 billion. While analysts expected Dell Technologies Inc. to report $1.14 quarterly earnings, the actual figure was $1.74 per share, beating the consensus estimate by 52.60%. During the quarter, the company generated $2.0 billion in EBITDA. The liabilities of Dell Technologies Inc. were 88.33 billion at the end of its most recent quarter ended July 30, and its total debt was $28.01 billion. The value of shareholders’ equity is $723.43 million.
Technical Picture
This quick technical analysis looks at Dell Technologies Inc.’s (DELL) price momentum. With a historical volatility rate of 26.74%, the RSI 9-day stood at 60.62% on 20 September.
With respect to its five-day moving average, the current Dell Technologies Inc. price is down by -2.14% percent or -$1.51. At present, DELL shares trade +23.55% above its 20-day simple moving average and +61.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.68% above its SMA50 and +53.54% above its SMA200.
Stochastic coefficient K was 81.07% and Stochastic coefficient D was 82.70%, while ATR was 1.97. Given the Stochastic reading of 77.52% for the 14-day period, the RSI (14) reading has been calculated as 64.41%. As of today, the MACD Oscillator reading stands at -0.92, while the 14-day reading stands at 0.45.
Analyst Ratings
Daiwa Securities upgraded its rating on Dell Technologies Inc. (NYSE: DELL) to an Outperform in a note to investors on September 19, 2023. The analysts firm previously had a Neutral rating on the stock.Dell Technologies Inc. (DELL) has been rated Overweight by analysts. According to 1 brokerage firm, DELL is a sell, and 5 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 3 analysts rate Dell Technologies Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $68.50, the current consensus forecast for the stock is $53.00 – $80.00. Based on these forecasts, analysts predict Dell Technologies Inc. (DELL) will achieve an average price target of $68.14.
