In today’s recent session, 1.63 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 $122.24, and it changed around $0.31 or 0.25% from the last close, which brings the market valuation of the company to $89.05B. DELL at last check was trading at a discount to its 52-week high of $179.70, offering almost -47.01% off that amount. The share price’s 52-week low was $63.90, which indicates that the recent value has risen by an impressive 47.73% since then. We note from Dell Technologies Inc’s average daily trading volume that its 10-day average is 8.58 million shares, with the 3-month average coming to 11.65 million.
Dell Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended DELL as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Dell Technologies Inc is expected to report earnings per share of 2.04 for the current quarter.
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Dell Technologies Inc (NYSE:DELL) trade information
Instantly DELL has been showing a green trend so far today with a performance of 0.25% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 121.94 on recent trading daydecreased the stock’s daily price by -0.25%. The company’s shares are currently up 59.79% year-to-date, but still up 7.74% over the last five days. On the other hand, Dell Technologies Inc (NYSE:DELL) is 14.63% up in the 30-day period. We can see from the shorts that 11.97 million shares have been sold at a short interest cover period of 1.02 day(s).
The consensus price target as assigned by Wall Street analysts is $135, which translates to bulls needing to increase their stock price by 9.45% 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 fallen -0.92 percent over the past six months and at a 10.10% annual growth rate that is well below the industry average of 11.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.50% in revenue this quarter, and will report an increase of 21.40% in the next quarter. The year-over-year growth rate is expected to be 10.40%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 24.66B in revenue for the current quarter. 17 analysts expect Dell Technologies Inc to make 25.69B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 15.10%.
Dell Technologies Inc earnings are expected to increase by 9.51% in 2024, but the outlook is positive 13.66% per year for the next five years.
DELL Dividends
Dell Technologies Inc’s next quarterly earnings report is expected to be released on 2024-Nov-25. The annual dividend yield of the stock is 1.33 percent and its annual dividend per share was 1.63. It is important to note, however, that the 1.33% 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 5.44% of Dell Technologies Inc shares, and 66.54% of them are in the hands of institutional investors. The stock currently has a share float of 70.37%. Dell Technologies Inc stock is held by 1605.0 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.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2023. The former held 11.81 shares worth $638.79 million, making up 4.64% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 7.59 shares worth around $410.81 million, which represents about 2.99% of the total shares outstanding.
