In recent trading session, Dell Technologies Inc (NYSE:DELL) saw 7.39 million shares changing hands at last check today with its beta currently measuring 0.91. Company’s recent per share price level of $110.29 trading at $7.34 or 7.13% at last check today assigns it a market valuation of $78.01B. That most recent trading price of DELL’s stock is at a discount of -62.93% from its 52-week high price of $179.70 and is indicating a premium of 51.38% from its 52-week low price of $53.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.62 million shares which gives us an average trading volume of 15.24 million if we extend that period to 3-months.
For Dell Technologies Inc (DELL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.77. Splitting up the data highlights that, out of 16 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.68 in the current quarter.
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Dell Technologies Inc (NYSE:DELL) trade information
Upright in the green today for gaining 7.13%, in the last five days DELL remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $110.29 price level, subtracting -0.16% to its value on the day. Dell Technologies Inc’s shares saw a change of 44.17% in year-to-date performance and have moved 20.59% in past 5-day. Dell Technologies Inc (NYSE:DELL) showed a performance of -11.89% in past 30-days. Number of shares sold short was 8.95 million shares which calculate 0.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 79 to the stock, which implies a fall of -39.61% to its recent value today. Analysts have been projecting 47.5 as a low price target for the stock while placing it at a high target of 185. It follows that stock’s current price would jump 56.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 56.93% for stock’s current value.
Dell Technologies Inc (DELL) estimates and forecasts
Statistics highlight that Dell Technologies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 28.18% of value to its shares in past 6 months, showing an annual growth rate of 9.68% while that of industry is 19.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 9.00% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 24.11B for the same. And 14 analysts are in estimates of company making revenue of 24.59B in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 8.35% while estimates for its earnings growth in next 5 years are of 0.81%.
Dell Technologies Inc (NYSE:DELL)’s Major holders
Insiders are in possession of 8.30% of company’s total shares while institution are holding 69.47 percent of that, with stock having share float percentage of 75.76%. Investors also watch the number of corporate investors in a company very closely, which is 69.47% institutions for Dell Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at DELL for having 16.61 million shares of worth $1.9 billion. And as of 2024-03-31, it was holding 2.3297 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 12.73 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.7849 of outstanding shares, having a total worth of $1.45 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 7.58 shares of worth $837.54 million or 2.45% of the total outstanding shares. The later fund manager was in possession of 4.26 shares on Jun 30, 2024, making its stake of worth around $470.69 million in the company or a holder of 1.38% of company’s stock.
