Delta Air Lines, Inc (NYSE:DAL) price is hovering higher on current market day and jumping 0.31% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $50.92. The company’s P/E ratio in the trailing 12-month period read 9.06. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.98 and 52-week low of $34.74. The stock added 25.04% on its value in the past month.
Delta Air Lines, Inc, which has a market valuation of $33.35 billion, is expected to release its quarterly earnings report in June. The company stock has a Forward Dividend ratio of 0.60, while the dividend yield is 1.17%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give DAL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 19 analysts have assigned DAL a recommendation rating as follows: 1 rate it as a Hold; 17 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Delta Air Lines, Inc (DAL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.15. The overview shows that DAL’s price is at present 11.50% off the SMA20 and 14.83% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.90, with weekly volatility standing at 4.18%. The indicator jumps to 3.81% when calculated based on the past 30 days. Delta Air Lines, Inc (NYSE:DAL)’s beta value is holding at 1.54, while the average true range (ATR) indicator is currently reading 2.24. Considering analysts have assigned the stock a price target range of $42-$100 as the low and high respectively, we find the trailing 12-month average consensus price target to be $64. Based on this estimate, we see that today’s price at last check is roughly 17.78% off the estimated low and -95.77% off the forecast high. Investors will no doubt be excited to see the share price fall to $64, which is the median consensus price, and at that level DAL would be -25.29% from recent price.
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 13.11 million.
Current records show that the company has 652.96M in outstanding shares. The insiders’ percentage holdings are 0.42% of outstanding shares while the percentage share held by institutions stands at 82.24%. But the -15.57% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
