In today’s recent session, 2.07 million shares of the Dell Technologies Inc (NYSE:DELL) have been traded, and its beta is 0.90. Most recently the company’s share price was $117.35, and it changed around $0.56 or 0.48% from the last close, which brings the market valuation of the company to $88.26B. DELL at last check was trading at a discount to its 52-week high of $179.70, offering almost -53.13% off that amount. The share price’s 52-week low was $68.49, which indicates that the recent value has risen by an impressive 41.64% since then. We note from Dell Technologies Inc’s average daily trading volume that its 10-day average is 12.65 million shares, with the 3-month average coming to 9.28 million.
Dell Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.59. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 3 recommended DELL as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight. Dell Technologies Inc is expected to report earnings per share of 2.51 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 0.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 128.68 on recent trading dayincreased the stock’s daily price by 8.8%. The company’s shares are currently up 53.40% year-to-date, but still down -6.94% over the last five days. On the other hand, Dell Technologies Inc (NYSE:DELL) is -15.28% down in the 30-day period. We can see from the shorts that 10.14 million shares have been sold at a short interest cover period of 1.56 day(s).
The consensus price target as assigned by Wall Street analysts is $155, which translates to bulls needing to increase their stock price by 24.29% from its current value. Analyst projections state that DELL is forecast to be at a low of $120 and a high of $160.
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 -10.97 percent over the past six months and at a 9.68% annual growth rate that is well below the industry average of 14.00%. The year-over-year growth rate is expected to be 8.87%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 24.54B in revenue for the current quarter. 15 analysts expect Dell Technologies Inc to make 23.77B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.32B and 22.24B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.96%. Forecasts for the next quarter put sales growth at 6.88%.
Dell Technologies Inc earnings are expected to increase by 9.78% 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 in January. The annual dividend yield of the stock is 1.45 percent and its annual dividend per share was 1.71. It is important to note, however, that the 1.45% 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 6.54% of Dell Technologies Inc shares, and 75.52% of them are in the hands of institutional investors. The stock currently has a share float of 80.80%. Dell Technologies Inc stock is held by 1649.0 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.
