Weak Fundamental Momentum Pushes Dell Technologies Inc (DELL) Lower

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Dell Technologies Inc (NYSE:DELL) has a beta value of 0.92 and has seen 4.16 million shares traded in the recent trading session. The company, currently valued at $72.02B, closed the last trade at $101.82 per share which meant it gained $1.88 on the day or 1.89% during that session. The DELL stock price is -76.49% off its 52-week high price of $179.70 and 47.34% above the 52-week low of $53.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.53 million shares traded. The 3-month trading volume is 15.12 million shares.

The consensus among analysts is that Dell Technologies Inc (DELL) is Buy stock at the moment, with a recommendation rating of 1.77. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 16 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.68.

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Dell Technologies Inc (NYSE:DELL) trade information

Sporting 1.89% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DELL stock price touched $101.82 or saw a rise of 0.98%. Year-to-date, Dell Technologies Inc shares have moved 33.10%, while the 5-day performance has seen it change 15.86%. Over the past 30 days, the shares of Dell Technologies Inc (NYSE:DELL) have changed -24.16%. Short interest in the company has seen 8.95 million shares shorted with days to cover at 0.87.

Wall Street analysts have a consensus price target for the stock at $74, which means that the shares’ value could drop -37.59% from the levels at last check today. The projected low price target is $47.5 while the price target rests at a high of $185.0. In that case, then, we find that the latest price level in today’s session is -81.69% off the targeted high while a plunge would see the stock lose 53.35% from the levels at last check today.

Dell Technologies Inc (DELL) estimates and forecasts

Figures show that Dell Technologies Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 21.25% over the past 6 months, with this year growth rate of 9.68%, compared to 19.90% for the industry. Revenue growth from the last financial year stood is estimated to be 9.00%.

14 analysts offering their estimates for the company have set an average revenue estimate of 24.11B for the current quarter. 14 have an estimated revenue figure of 24.59B for the next ending quarter.

Earnings growth for 2024 is a modest 8.35% while over the next 5 years, the company’s earnings are expected to increase by 0.81%.

DELL Dividends

Dell Technologies Inc is expected to release its next earnings report 2024-Aug-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.63 at a share yield of 1.60%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 11.60% of the company shares, while shares held by institutions stand at 70.28% with a share float percentage of 79.50%. Investors are also buoyed by the number of investors in a company, with Dell Technologies Inc having a total of 1561.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 16.61 million shares worth more than $1.9 billion. As of 2024-03-31, VANGUARD GROUP INC held 2.3297% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 12.73 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.45 billion and represent 1.7849% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc. As of Mar 31, 2024, the former fund manager holds about 2.45% shares in the company for having 7.58 shares of worth $783.21 million while later fund manager owns 4.26 shares of worth $440.15 million as of Jun 30, 2024, which makes it owner of about 1.38% of company’s outstanding stock.