Delta Air Lines Inc. (NYSE:DAL) finished Thursday with an addition of $0.29 to close at $36.95, an upside of 0.79 percent. An average of 8,067,500 shares of common stock have been traded in the last five days. There was a fall of -$1.35 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 8,116,585 shares traded, while the 50-day average volume stands at 7,516,692.
DAL stock has decreased by -15.58% in the last month. The company shares reached their 1-month lowest point of $36.41 on 09/28/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $27.20 and a high of $49.81 in 52 weeks. It has reached a new high 23 times so far this year and achieved 12.45% or $4.09 in price. In spite of this, the price is down -25.82% from the 52-week high.
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Insider Transactions
DAL stock investors should be aware that Delta Air Lines Inc. (DAL) stock had its last reported insider trading activity 51 days ago on Aug 09. In this transaction, the insider spent $552,112. EVP – External Affairs, Carter Peter W, disposed of 17,944 shares at a price of $45.00 on Aug 07. The insider now owns more than $807,480 worth of shares. Prior to that, EVP – External Affairs Carter Peter W went on to Sale 7,056 shares at $45.00 each on Aug 02. An amount of $317,520 was transacted.
Valuation Metrics
Delta Air Lines Inc. (DAL) has a trailing price-to-earnings (P/E) ratio of 7.94. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, the price-to-book (PB) ratio at 2.94, and the price-to-cash flow ratio at 29.50.
Financial Health
The quick ratio of Delta Air Lines Inc. for the three months ended June 29 was 0.41, and the current ratio was 0.46, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.06 and a total debt to equity ratio of 3.40 for the quarter ending June 29. Its gross profit as reported stood at $17.17 billion compared to revenue of $50.58 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, Delta Air Lines Inc.’s return on assets was 4.03%.
Earnings Surprise
For the three-month period that ended June 29, Delta Air Lines Inc. had $18.14 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.83 billion in the quarter, while revenues were grew 59.77%. The analyst consensus anticipated Delta Air Lines Inc.’s latest quarter earnings to come in at $2.4 per share, but it turned out to be $2.68, a 11.70% surprise. For the quarter, EBITDA amounted to $2.49 billion. Shareholders own equity worth $643.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Delta Air Lines Inc. (DAL) price momentum. RSI 9-day as of the close on 28 September was 23.54%, suggesting the stock is oversold, with historical volatility in this time frame at 18.90%.
As of today, DAL’s price is $37.12 -3.52% or -$1.35 from its 5-day moving average. DAL is currently trading -14.53% lower than its 20-day SMA and +8.87% higher than its 100-day SMA. However, the stock’s current price level is -23.89% below the SMA50 and +9.32% above the SMA200.
The stochastic %K and %D were 4.96% and 4.32%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 11.16% and the average true range at 0.95, the RSI (14) stands at 26.20%. The stock has reached -1.11 on the 9-day MACD Oscillator while the 14-day reading was at -1.88.
Analyst Ratings
Evercore ISI upgraded Delta Air Lines Inc. (NYSE: DAL) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line.
