A share price of Dell Technologies Inc [DELL] is currently trading at $90.35, up 2.92%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DELL shares have gain 9.22% over the last week, with a monthly amount glided 7.93%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Dell Technologies Telecom Solutions Accelerate Network Cloud Transformation. In a post published today on Yahoo Finance, News summary.
From an analyst’s perspective:
Dell Technologies Inc [NYSE: DELL] stock has seen the most recent analyst activity on February 23, 2024, when Evercore ISI reiterated its Outperform rating and also boosted its price target to $95 from $85. Previously, JP Morgan upgraded its rating to Overweight on January 08, 2024, and elevated its price target to $90. On December 01, 2023, TD Cowen reiterated its Market Perform rating and revised its price target to $75 on the stock. Daiwa Securities upgraded its rating to a Outperform and increased its price target to $80 on September 19, 2023. Barclays downgraded its rating to a Underweight but $53 remained the price target by the analyst firm on September 07, 2023. TD Cowen reiterated a Market Perform rating for this stock on September 01, 2023, and upped its price target to $58. In a note dated June 30, 2023, Citigroup initiated an Buy rating and provided a target price of $60 on this stock.
Dell Technologies Inc experienced fluctuations in its stock price throughout the past year between $35.96 and $89.12. Currently, Wall Street analysts expect the stock to reach $57.21 within the next 12 months. Dell Technologies Inc [NYSE: DELL] shares were valued at $90.35 at the most recent close of the market. An investor can expect a potential drop of -36.68% based on the average DELL price forecast.
Analyzing the DELL fundamentals
Trailing Twelve Months sales for Dell Technologies Inc [NYSE:DELL] were 91.23B which represents -9.14% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 88.01 points at the first support level, and at 85.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.69, and for the 2nd resistance point, it is at 95.02.
Dell Technologies Inc [DELL] reported earnings per share of $1.88 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.47/share, meaning a difference of $0.41 and a surprise factor of 27.90%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $1.74 per share as compared to estimates of $1.14 per share, a difference of $0.6 representing a surprise of 52.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dell Technologies Inc [NYSE:DELL] is 0.70. Also, the Quick Ratio is 0.63, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.70 and price to earnings (TTM) ratio is 25.01.
Transactions by insiders
Recent insider trading involved SLTA IV (GP), L.L.C., Director, that happened on Jan 16 when 3.18 million shares were sold. Director, SLTA V (GP), L.L.C. completed a deal on Jan 16 to sell 3.18 million shares. Meanwhile, Director SLTA IV (GP), L.L.C. sold 0.24 million shares on Jan 12.
