Delta Air Lines, Inc. (NYSE:DAL) shares, rose in value, with the stock price up by 0.39% to the previous day’s close as strong demand from buyers drove the stock to $46.06.
Actively observing the price movement in the last trading, the stock closed the session at $45.88. The value of beta (5-year monthly) was 1.43 whereas the PE ratio was 6.43 over 12-month period. Referring to stock’s 52-week performance, its high was $49.81, and the low was $30.60. On the whole, DAL has fluctuated by 9.61% over the past month.
With the market capitalization of Delta Air Lines, Inc. currently standing at about $29.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 10, 2024. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 0.65%. 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 $0.35, which is expected to increase to $2.65 for fiscal year $6.44 and then to about $7.47 by fiscal year 2025. Data indicates that the EPS growth is expected to be 3.00% in 2025, while the next year’s EPS growth is forecast to be 16.00%.
Analysts have estimated the company’s revenue for the quarter at $12.55 billion, with a low estimate of $12.3 billion and a high estimate of $13.43 billion. According to the average forecast, sales growth in current quarter could jump up 6.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $57.06 billion, representing an increase of 4.40% 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 DAL’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.32, with the price of DAL currently trading nearly 2.49% and 8.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.47, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.46%. Furthermore, Delta Air Lines, Inc. (DAL)’s beta value is 1.43, and its average true range (ATR) is 1.15.
A comparison of Delta Air Lines, Inc. (DAL) with its peers suggests the former has fared considerably weaker in the market. DAL showed an intraday change of 0.39% in last session, and over the past year, it grew by 35.79%%.
Data on historical trading for Delta Air Lines, Inc. (NYSE:DAL) indicates that the trading volumes over the past 10 days have averaged 10.22 million and over the past 3 months, they’ve averaged 10.35 million. According to company’s latest data on outstanding shares, there are 643.45 million shares outstanding.
Nearly 0.41% of Delta Air Lines, Inc.’s shares belong to company insiders and institutional investors own 70.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.1 million shares as on Mar 15, 2024, resulting in a short ratio of 1.87. According to the data, the short interest in Delta Air Lines, Inc. (DAL) stood at 2.50% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 16.77 million. The stock has risen by 14.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAL stock heading into the next quarter.
