In the latest trading session, 1.11 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 $125.46 changed hands at -$0.1 or -0.08% at last look, the market valuation stands at $91.40B. DELL’s current price is a discount, trading about -43.23% off its 52-week high of $179.70. The share price had its 52-week low at $67.51, which suggests the last value was 46.19% up since then. When we look at Dell Technologies Inc’s average trading volume, we note the 10-day average is 11.78 million shares, with the 3-month average coming to 9.47 million.
Analysts gave the Dell Technologies Inc (DELL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. 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 2.51.
Dell Technologies Inc (NYSE:DELL) trade information
Instantly DELL was in red as seen in intraday trades today. With action -11.49%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 64.00%, with the 5-day performance at -11.49% in the red. However, in the 30-day time frame, Dell Technologies Inc (NYSE:DELL) is -3.38% down. Looking at the short shares, we see there were 10.14 million shares sold at short interest cover period of 1.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 155, meaning bulls need an upside of 19.06% from its recent market value. According to analyst projections, DELL’s forecast low is 120 with 160 as the target high. To hit the forecast high, the stock’s price needs a -27.53% plunge from its current level, while the stock would need to tank 4.35% 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 -8.86% over the past 6 months, a 9.68% in annual growth rate that is considerably lower than the industry average of 14.00%. Year-over-year growth is forecast to reach 8.85% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 24.53B. 15 analysts are of the opinion that Dell Technologies Inc’s revenue for the current quarter will be 23.77B. The company’s revenue for the corresponding quarters a year ago was 22.32B and 22.24B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.90%. The estimates for the next quarter sales put growth at 6.88%.
The 2024 estimates are for Dell Technologies Inc earnings to increase by 9.76%, but the outlook for the next 5-year period is at 13.01% per year.
DELL Dividends
Dell Technologies Inc is expected to release its next quarterly earnings report in January. The 1.36% annual yield figure for the share gives it an annual dividend of 1.71. It is important to note, however, that the 1.36% 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 6.54% of Dell Technologies Inc shares while 75.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.80%. There are 75.52% 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 Vanguard 500 Index Fund. With 8.23 shares estimated at $1.05 billion under it, the former controlled 2.46% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.24% of the shares, roughly 7.49 shares worth around $952.22 million.
