Delta Air Lines, Inc (NYSE:DAL) shares, rose in value, with the stock price up by 0.93% to the previous day’s close as strong demand from buyers drove the stock to $48.99.
Actively observing the price movement in the recent trading, the stock is buoying the session at $48.54. The PE ratio was 8.68 over 12-month period. Referring to stock’s 52-week performance, its high was $69.98, and the low was $34.74. On the whole, DAL has fluctuated by 10.66% over the past month.
With the market capitalization of Delta Air Lines, Inc currently standing at about $31.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.55, with its dividend yield at 1.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 61.07B, with a low estimate of 15.59B and a high estimate of 16.51B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.16B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.14, with the price of DAL currently trading nearly 14.89% and 8.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.95, while the 7-day volatility ratio is showing 4.24% which for the 30-day chart, stands at 5.20%. Furthermore, Delta Air Lines, Inc (DAL)’s beta value is 1.49, and its average true range (ATR) is 2.20.
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 0.93% in today’s session so far, and over the past year, it shrunk by -6.15%%.
Data on historical trading for Delta Air Lines, Inc (NYSE:DAL) indicates that the trading volumes over the past 3 months, they’ve averaged 12.75 million. According to company’s latest data on outstanding shares, there are 652.96 million shares outstanding.
Nearly 0.42% of Delta Air Lines, Inc’s shares belong to company insiders and institutional investors own 83.82% of the company’s shares. The stock has fallen by -19.02% 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.
