Delta Air Lines, Inc. (NYSE:DAL) price closed lower on Friday, April 12, dropping -1.62% below its previous close.
A look at the daily price movement shows that the last close reads $47.63. The company’s 5Y monthly beta was ticking 1.43 while its P/E ratio in the trailing 12-month period read 6.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $49.81 and 52-week low of $30.60. The stock added 6.72% on its value in the past month.
Delta Air Lines, Inc., which has a market valuation of $30.24 billion, is expected to release its quarterly earnings report Jul 11, 2024 – Jul 15, 2024. The company stock has a Forward Dividend ratio of 0.30, while the dividend yield is 0.64%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DAL a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.62. The overview shows that DAL’s price is at present 2.01% off the SMA20 and 8.68% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.39, with weekly volatility standing at 3.40%. The indicator jumps to 2.59% when calculated based on the past 30 days. Delta Air Lines, Inc. (NYSE:DAL)’s beta value is holding at 1.42, while the average true range (ATR) indicator is currently reading 1.36. An analysis of the Delta Air Lines, Inc. (NYSE:DAL) stock in terms of its daily trading volume indicates that the 3-month average is 10.74 million.
Current records show that the company has 643.45M in outstanding shares. The insiders’ percentage holdings are 0.41% of outstanding shares while the percentage share held by institutions stands at 69.86%. But the 16.48% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
