During the last session, Dell Technologies Inc (NYSE:DELL)’s traded shares were 17.0 million, with the beta value of the company hitting 0.89. At the end of the trading day, the stock’s price was $129.40, reflecting an intraday gain of 6.39% or $7.77. The 52-week high for the DELL share is $179.70, that puts it down -38.87 from that peak though still a striking 49.2% gain since the share price plummeted to a 52-week low of $65.73. The company’s market capitalization is $94.27B, and the average intraday trading volume over the past 10 days was 5.94 million shares, and the average trade volume was 10.55 million shares over the past three months.
Dell Technologies Inc (DELL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.52. DELL has a Sell rating from 1 analyst(s) out of 16 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 14 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.04.
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Dell Technologies Inc (NYSE:DELL) trade information
Dell Technologies Inc (DELL) registered a 6.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.39% in intraday trading to $129.40, hitting a weekly high. The stock’s 5-day price performance is 8.29%, and it has moved by 14.35% in 30 days. Based on these gigs, the overall price performance for the year is 94.79%. The short interest in Dell Technologies Inc (NYSE:DELL) is 10.34 million shares and it means that shorts have 0.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $135, which implies an increase of 4.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $47.5 and $185 respectively. As a result, DELL is trading at a discount of -42.97% off the target high and 63.29% off the low.
Dell Technologies Inc (DELL) estimates and forecasts
Statistics show that Dell Technologies Inc has underperformed its competitors in share price, compared to the industry in which it operates. Dell Technologies Inc (DELL) shares have gone up 8.94% during the last six months, with a year-to-date growth rate less than the industry average at 10.10% against 10.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 8.50% this quarter and then jump 21.40% in the quarter after that. In the rating firms’ projections, revenue will increase 10.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.65B as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 25.68B by the end of current fiscal year.
While earnings are projected to return 9.51% in 2024, the next five years will return 13.66% per annum.
DELL Dividends
Dell Technologies Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Dell Technologies Inc is 1.71, with the dividend yield indicating at 1.32 percent, continuing the trend of increasing dividends in recent years.
Dell Technologies Inc (NYSE:DELL)’s Major holders
Dell Technologies Inc insiders own 5.44% of total outstanding shares while institutional holders control 69.13%, with the float percentage being 73.11%. VANGUARD GROUP INC is the largest shareholder of the company, while 1634.0 institutions own stock in it. As of 2024-06-30, the company held over 17.58 million shares (or 2.4828% of all shares), a total value of $2.42 billion in shares.
The next largest institutional holding, with 15.48 million shares, is of BLACKROCK INC.’s that is approximately 2.1859% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.13 billion.
