In the latest trading session, 1.63 million Dell Technologies Inc (NYSE:DELL) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $120.89 changed hands at -$4.77 or -3.80% at last look, the market valuation stands at $88.07B. DELL’s current price is a discount, trading about -48.65% off its 52-week high of $179.70. The share price had its 52-week low at $63.90, which suggests the last value was 47.14% up since then. When we look at Dell Technologies Inc’s average trading volume, we note the 10-day average is 5.67 million shares, with the 3-month average coming to 11.07 million.
Analysts gave the Dell Technologies Inc (DELL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.54. If we narrow down to specifics, the data shows that 1 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended DELL as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Dell Technologies Inc’s EPS for the current quarter is expected to be 2.04.
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Dell Technologies Inc (NYSE:DELL) trade information
Instantly DELL was in red as seen in intraday trades today. With action -3.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 58.03%, with the 5-day performance at -3.93% in the red. However, in the 30-day time frame, Dell Technologies Inc (NYSE:DELL) is 2.82% up. Looking at the short shares, we see there were 14.03 million shares sold at short interest cover period of 0.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 135, meaning bulls need an upside of 10.45% from its recent market value. According to analyst projections, DELL’s forecast low is 47.5 with 185 as the target high. To hit the forecast high, the stock’s price needs a -53.03% plunge from its current level, while the stock would need to tank 60.71% for it to hit the projected low.
Dell Technologies Inc (DELL) estimates and forecasts
Data shows that the Dell Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.22% over the past 6 months, a 10.10% in annual growth rate that is considerably lower than the industry average of 11.00%. Year-over-year growth is forecast to reach 10.40% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 24.65B. 17 analysts are of the opinion that Dell Technologies Inc’s revenue for the current quarter will be 25.68B. The estimates for the next quarter sales put growth at 15.10%.
The 2024 estimates are for Dell Technologies Inc earnings to increase by 9.51%, but the outlook for the next 5-year period is at 13.66% per year.
DELL Dividends
Dell Technologies Inc is expected to release its next quarterly earnings report on 2024-Nov-26. The 1.35% annual yield figure for the share gives it an annual dividend of 1.63. It is important to note, however, that the 1.35% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Dell Technologies Inc (NYSE:DELL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.44% of Dell Technologies Inc shares while 68.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.76%. There are 68.80% institutions holding the Dell Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.4828% of the shares, roughly 17.58 million DELL shares worth $2.42 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 2.1859% or 15.48 million shares worth $2.13 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc. With 8.23 shares estimated at $987.54 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, Growth Fund Of America Inc held about 1.22% of the shares, roughly 4.06 shares worth around $487.35 million.
