Dell Technologies Inc (NYSE: DELL) Shares Might Go Up 90.84% This Year

In today’s recent session, 4.46 million shares of the Dell Technologies Inc (NYSE:DELL) have been traded, and its beta is 0.89. Most recently the company’s share price was $109.14, and it changed around -$2.72 or -2.43% from the last close, which brings the market valuation of the company to $77.20B. DELL at last check was trading at a discount to its 52-week high of $179.70, offering almost -64.65% off that amount. The share price’s 52-week low was $53.62, which indicates that the recent value has risen by an impressive 50.87% since then. We note from Dell Technologies Inc’s average daily trading volume that its 10-day average is 8.94 million shares, with the 3-month average coming to 14.76 million.

Dell Technologies Inc (NYSE:DELL) trade information

Instantly DELL has been showing red trend so far today with a performance of -2.43% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 114.15 on recent trading dayincreased the stock’s daily price by 4.39%. The company’s shares are currently up 42.67% year-to-date, but still down -2.29% over the last five days. On the other hand, Dell Technologies Inc (NYSE:DELL) is 0.49% up in the 30-day period. We can see from the shorts that 8.7 million shares have been sold at a short interest cover period of 0.74 day(s).

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The consensus price target as assigned by Wall Street analysts is $79, which translates to bulls needing to decrease their stock price by -38.15% from its current value. Analyst projections state that DELL is forecast to be at a low of $47.5 and a high of $185.

Dell Technologies Inc (DELL) estimates and forecasts

Dell Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.04 percent over the past six months and at a 9.82% annual growth rate that is well below the industry average of 19.20%.

Dell Technologies Inc earnings are expected to increase by 7.77% in 2024, but the outlook is positive 0.81% per year for the next five years.

DELL Dividends

Dell Technologies Inc’s next quarterly earnings report is expected to be released on 2024-Aug-29. The annual dividend yield of the stock is 1.49 percent and its annual dividend per share was 1.63. It is important to note, however, that the 1.49% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 8.30% of Dell Technologies Inc shares, and 70.81% of them are in the hands of institutional investors. The stock currently has a share float of 77.21%. Dell Technologies Inc stock is held by 1604.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.4828% of the shares, which is about 17.58 million shares worth $2.42 billion.

BLACKROCK INC., with 2.1859% or 15.48 million shares worth $2.13 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc were the top two Mutual Funds as of Mar 31, 2024 . The former held 7.58 shares worth $829.96 million, making up 2.45% of all outstanding shares. On the other hand, Growth Fund Of America Inc held roughly 4.26 shares worth around $466.43 million, which represents about 1.38% of the total shares outstanding.