Dell Technologies Inc (NYSE:DELL) Drops -6.11% In One Week: What’s Boosting Its Stock?

In recent trading session, Dell Technologies Inc (NYSE:DELL) saw 2.33 million shares changing hands at last check today with its beta currently measuring 0.91. Company’s recent per share price level of $103.97 trading at -$3.19 or -2.98% at last check today assigns it a market valuation of $73.54B. That most recent trading price of DELL’s stock is at a discount of -72.84% from its 52-week high price of $179.70 and is indicating a premium of 38.54% from its 52-week low price of $63.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.5 million shares which gives us an average trading volume of 12.82 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 1.62. 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 2.04 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Dell Technologies Inc (NYSE:DELL) trade information

Upright in the red during last session for losing -2.98%, in the last five days DELL remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $103.97 price level, adding 11.68% to its value on the day. Dell Technologies Inc’s shares saw a change of 35.91% in year-to-date performance and have moved -6.11% in past 5-day. Dell Technologies Inc (NYSE:DELL) showed a performance of 18.30% in past 30-days. Number of shares sold short was 8.7 million shares which calculate 0.74 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 140 to the stock, which implies a rise of 25.74% 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 54.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 54.31% 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 lost -13.72% of value to its shares in past 6 months, showing an annual growth rate of 9.96% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.50% 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 24.69B for the same. And 14 analysts are in estimates of company making revenue of 25.7B in the next quarter.

In 2024, company’s earnings growth rate is likely to be around 9.30% while estimates for its earnings growth in next 5 years are of 10.90%.

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

Insiders are in possession of 8.15% of company’s total shares while institution are holding 71.27 percent of that, with stock having share float percentage of 77.59%. Investors also watch the number of corporate investors in a company very closely, which is 71.27% 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 17.58 million shares of worth $2.42 billion. And as of 2024-06-30, it was holding 2.4828 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 15.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1859 of outstanding shares, having a total worth of $2.13 billion.