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Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Dell Technologies Inc. (NYSE: DELL)

During the recent session, Dell Technologies Inc. (NYSE:DELL)’s traded shares were 0.79 million, with the beta value of the company hitting 0.97. At the last check today, the stock’s price was $47.21, reflecting an intraday gain of 2.83% or $1.3. The 52-week high for the DELL share is $52.60, that puts it down -11.42 from that peak though still a striking 30.31% gain since the share price plummeted to a 52-week low of $32.90. The company’s market capitalization is $33.07B, and the average intraday trading volume over the past 10 days was 3.56 million shares, and the average trade volume was 4.54 million shares over the past three months.

Dell Technologies Inc. (DELL) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. DELL has a Sell rating from 0 analyst(s) out of 20 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.86.

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Dell Technologies Inc. (NYSE:DELL) trade information

Dell Technologies Inc. (DELL) registered a 2.83% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.83% in intraday trading to $47.21 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 0.19%, and it has moved by 13.29% in 30 days. Based on these gigs, the overall price performance for the year is 15.48%. The short interest in Dell Technologies Inc. (NYSE:DELL) is 10.65 million shares and it means that shorts have 2.51 day(s) to cover.

The consensus price target of analysts on Wall Street is $47.47, which implies an increase of 0.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $37.00 and $55.00 respectively. As a result, DELL is trading at a discount of -16.5% off the target high and 21.63% off the low.

Dell Technologies Inc. (DELL) estimates and forecasts

Statistics show that Dell Technologies Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Dell Technologies Inc. (DELL) shares have gone up 7.66% during the last six months, with a year-to-date growth rate less than the industry average at -30.62% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -53.30% this quarter and then drop -31.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $20.3 billion as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $21.21 billion by the end of Jul 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $26.12 billion and $26.43 billion respectively. In this case, analysts expect current quarter sales to shrink by -22.30% and then drop by -19.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.40%. While earnings are projected to return -48.20% in 2023, the next five years will return 0.71% per annum.

DELL Dividends

Dell Technologies Inc. is due to release its next quarterly earnings on June 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Dell Technologies Inc. is 1.48, with the dividend yield indicating at 3.22 percent, continuing the trend of increasing dividends in recent years.

Dell Technologies Inc. (NYSE:DELL)’s Major holders

Dell Technologies Inc. insiders own 3.40% of total outstanding shares while institutional holders control 77.54%, with the float percentage being 80.27%. Blackrock Inc. is the largest shareholder of the company, while 930 institutions own stock in it. As of Mar 30, 2023, the company held over 19.79 million shares (or 7.73% of all shares), a total value of $795.69 million in shares.

The next largest institutional holding, with 18.47 million shares, is of Dodge & Cox Inc’s that is approximately 7.21% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $742.8 million.

Also, the Mutual Funds coming in first place with the largest holdings of Dell Technologies Inc. (DELL) shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that Dodge & Cox Stock Fund owns about 12.98 million shares. This amounts to just over 5.04 percent of the company’s overall shares, with a $522.16 million market value. The same data shows that the other fund manager holds slightly less at 7.49 million, or about 2.91% of the stock, which is worth about $301.39 million.

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