With over 6.45 million Dell Technologies Inc (DELL) shares trading Monday and a closing price of $79.36 on the day, the dollar volume was approximately $512.14 million. The shares have shown a positive half year performance of 44.63% and its price on 01/08/24 gained nearly 4.64%. Currently, there are 711.60M common shares owned by the public and among those 247.71M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for DELL have a consensus price objective of $81.94. The analysts have set the share’s price value over the next 12 months at a high of $95.00 and a low of $53.00. The average price target is 3.15% above its recent price level and a downside to the estimated low will see the stock lose -49.74% over that period. But an upside of 16.46% will see the stock hit the forecast high price target while median target price for the stock is $84.00.
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Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 2,191,994 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 7,894,703 shares.
Shares of Dell Technologies Inc (NYSE: DELL) opened at $78.00, up $2.16 from a prior closing price of $75.84. However, the script later moved the day high at 79.67, up 4.64%. The company’s stock has a 5-day price change of 3.74% and 19.50% over the past three months. DELL shares are trading 3.74% year to date (YTD), with the 12-month market performance up to 94.18% higher. It has a 12-month low price of $35.96 and touched a high of $77.45 over the same period. DELL has an average intraday trading volume of 4.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.87%, 9.90%, and 35.99% respectively.
Institutional ownership of Dell Technologies Inc (NYSE: DELL) shares accounts for 27.60% of the company’s 711.60M shares outstanding.
It has a market capitalization of $56.47B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 21.97, while the earnings-per-share (ttm) stands at $3.61. The company has a PEG of 27.13 and a Quick Ratio of 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 1.96% over the month.
Analysts forecast that Dell Technologies Inc (DELL) will achieve an EPS of $Tellurian Inc. for the current quarter, $0.72 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Welltower Inc. while analysts give the company a high EPS estimate of $Richardson Electronics, Ltd.. Comparatively, EPS for the current quarter was $EA Series Trust Strive U.S. Ene a year ago. Earnings per share for the fiscal year are expected to decrease by -12.58%, and 6.92% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate Dell Technologies Inc (DELL) as a “Strong Buy” at a consensus score of 1.90. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 2 of the 20 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the DELL, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on Jan-09-24, with the firm’s price target at $77-$90.
