Delta Air Lines, Inc. (NYSE:DAL) shares, rose in value, with the stock price down by -2.62% to the previous day’s close as strong demand from buyers drove the stock to $47.94.
Actively observing the price movement in the last trading, the stock closed the session at $49.23. The PE ratio was 6.16 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 5.55% over the past month.
The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 0.63%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.64, with the price of DAL currently trading nearly 1.51% and 8.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.13, while the 7-day volatility ratio is showing 2.92% which for the 30-day chart, stands at 2.84%. Furthermore, Delta Air Lines, Inc. (DAL)’s beta value is 1.40, and its average true range (ATR) is 1.40.
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 -2.62% in last session, and over the past year, it grew by 40.50%%.
Data on historical trading for Delta Air Lines, Inc. (NYSE:DAL) indicates that the trading volumes over the past 3 months, they’ve averaged 9.88 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 69.77% of the company’s shares. The stock has risen by 19.16% 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.
