Dell Technologies Inc (NYSE:DELL) shares, rose in value, with the stock price down by -1.10% to the previous day’s close as strong demand from buyers drove the stock to $127.16.
Actively observing the price movement in the last trading, the stock closed the session at $128.58. The value of beta (5-year monthly) was 0.96 whereas the PE ratio was 29.12 over 12-month period. Referring to stock’s 52-week performance, its high was $131.06, and the low was $39.90. On the whole, DELL has fluctuated by 7.99% over the past month.
With the market capitalization of Dell Technologies Inc currently standing at about $90.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 30, 2024 – Jun 03, 2024. The company’s Forward Dividend Ratio is 1.48, with its dividend yield at 1.16%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.21, which is expected to increase to $1.97 for fiscal year $7.54 and then to about $8.53 by fiscal year 2026. Data indicates that the EPS growth is expected to be 5.80% in 2026, while the next year’s EPS growth is forecast to be 13.10%.
Analysts have estimated the company’s revenue for the quarter at $21.66 billion, with a low estimate of $21.42 billion and a high estimate of $22.11 billion. According to the average forecast, sales growth in current quarter could jump up 6.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $93.54 billion, representing an increase of 5.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that DELL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 35.95, with the price of DELL currently trading nearly 11.56% and 28.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.09, while the 7-day volatility ratio is showing 5.57% which for the 30-day chart, stands at 4.14%. Furthermore, Dell Technologies Inc (DELL)’s beta value is 0.89, and its average true range (ATR) is 5.44.
A comparison of Dell Technologies Inc (DELL) with its peers suggests the former has fared considerably weaker in the market. DELL showed an intraday change of -1.10% in last session, and over the past year, it grew by 210.37%%.
Data on historical trading for Dell Technologies Inc (NYSE:DELL) indicates that the trading volumes over the past 10 days have averaged 8.1 million and over the past 3 months, they’ve averaged 7.08 million. According to company’s latest data on outstanding shares, there are 266.00 million shares outstanding.
Nearly 64.06% of Dell Technologies Inc’s shares belong to company insiders and institutional investors own 28.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.75 million shares as on Mar 15, 2024, resulting in a short ratio of 0.69. According to the data, the short interest in Dell Technologies Inc (DELL) stood at 1.10% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.84 million. The stock has risen by 66.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DELL stock heading into the next quarter.
