Dell Technologies Inc (NYSE: DELL) Have Inclined 66.63% YTD, Forecasting What Will Happen Next

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Dell Technologies Inc (NYSE:DELL)’s traded shares stood at 2.26 million during the latest session, with the company’s beta value hitting 0.90. At the last check today, the stock’s price was $127.47, to imply an increase of 1.09% or $1.37 in intraday trading. The DELL share’s 52-week high remains $179.70, putting it -40.97% down since that peak but still an impressive 47.04% since price per share fell to its 52-week low of $67.51. The company has a valuation of $95.87B, with an average of 11.83 million shares in intraday trading volume over the past 10 days and average of 9.44 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Dell Technologies Inc (DELL), translating to a mean rating of 1.59. Of 16 analyst(s) looking at the stock, 1 analyst(s) give DELL a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 14 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.51.

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Dell Technologies Inc (NYSE:DELL) trade information

After registering a 1.09% upside in the latest session, Dell Technologies Inc (DELL) has traded red over the past five days. The 5-day price performance for the stock is 2.48%, and -4.49% over 30 days. With these gigs, the year-to-date price performance is 66.63%. Short interest in Dell Technologies Inc (NYSE:DELL) saw shorts transact 10.14 million shares and set a 1.56 days time to cover.

The extremes give us $120 and $160 for target low and target high price respectively. As such, DELL has been trading -25.52% off suggested target high and 5.86% from its likely low.

Dell Technologies Inc (DELL) estimates and forecasts

Looking at statistics comparing Dell Technologies Inc share performance against respective industry, we note that the company has underperformed competitors. Dell Technologies Inc (DELL) shares are -4.84% down over the last 6 months, with its year-to-date growth rate lower than industry average at 9.68% against 14.00%. The rating firms project that company’s revenue will grow 8.85% compared to the previous financial year.

Revenue forecast for the current quarter as set by 18 analysts is 24.53B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 23.77B.Earnings reports from the last fiscal year show that sales brought in 22.32B and 22.24B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.90% before jumping 6.88% in the following quarter.

DELL Dividends

Dell Technologies Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Dell Technologies Inc has a forward dividend ratio of 1.71, with the share yield ticking at 1.34% to continue the rising pattern observed over the past year.

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

Dell Technologies Inc insiders hold 6.54% of total outstanding shares, with institutional holders owning 75.52% of the shares at 80.80% float percentage. In total, 75.52% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 17.58 million shares (or 2.4828% of shares), all amounting to roughly $2.42 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 15.48 million shares, or about 2.1859% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.13 billion.