Is There More Upside Ahead For Dell Technologies Inc (NYSE: DELL)

Dell Technologies Inc (DELL) concluded trading on Wednesday at a closing price of $129.40, with 17.0 million shares of worth about $2.2 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.94% during that period and on October 30, 2024 the price saw a gain of about 6.39%. Currently the company’s common shares owned by public are about 728.50M shares, out of which, 308.39M shares are available for trading.

Stock saw a price change of 8.29% in past 5 days and over the past one month there was a price change of 14.35%. Year-to-date (YTD), DELL shares are showing a performance of 69.15% which increased to 94.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.73 but also hit the highest price of $179.70 during that period. The average intraday trading volume for Dell Technologies Inc shares is 10.55 million. The stock is currently trading 4.82% above its 20-day simple moving average (SMA20), while that difference is up 10.22% for SMA50 and it goes to 10.07% higher than SMA200.

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Dell Technologies Inc (NYSE: DELL) currently have 728.50M outstanding shares and institutions hold larger chunk of about 29.45% of that.

The stock has a current market capitalization of $94.27B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 23.79, while it has posted earnings per share of $5.44 in the same period. Its PEG reads 1.74 and has Quick Ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DELL, volatility over the week remained 3.11% while standing at 3.02% over the month.

Stock’s fiscal year EPS is expected to rise by 9.51% while it is estimated to increase by 20.27% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on September 27, 2024 offering a Buy rating for the stock and assigned a target price of $144 to it. Coverage by Mizuho stated Dell Technologies Inc (DELL) stock as an Outperform in their note to investors on September 17, 2024, suggesting a price target of $135 for the stock. Stock get a Hold rating from TD Cowen on August 30, 2024.

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