Dell Technologies Inc [DELL] stock is trading at $114.04, up 2.67%. 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 7.13% over the last week, with a monthly amount glided 40.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dell Technologies Inc [NYSE: DELL] stock has seen the most recent analyst activity on March 01, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $105 from $75. Previously, Loop Capital started tracking the stock with Buy rating on February 28, 2024, and set its price target to $125. On February 23, 2024, Evercore ISI reiterated its Outperform rating and revised its price target to $95 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $90 on January 08, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $75 on December 01, 2023. Daiwa Securities upgraded its rating to Outperform for this stock on September 19, 2023, and upped its price target to $80. In a note dated September 07, 2023, Barclays downgraded an Underweight rating on this stock but restated the target price of $53.
Dell Technologies Inc [DELL] stock has fluctuated between $36.81 and $131.06 over the past year. Currently, Wall Street analysts expect the stock to reach $64.88 within the next 12 months. Dell Technologies Inc [NYSE: DELL] shares were valued at $114.04 at the most recent close of the market. An investor can expect a potential drop of -43.11% based on the average DELL price forecast.
Analyzing the DELL fundamentals
Dell Technologies Inc [NYSE:DELL] reported sales of 88.49B for the trailing twelve months, which represents a drop of -10.93%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is -1.18 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -10.81.
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 112.27 points at the first support level, and at 110.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.79, and for the 2nd resistance point, it is at 117.54.
Dell Technologies Inc [DELL] reported earnings per share of $2.2 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.73/share, meaning a difference of $0.47 and a surprise factor of 27.20%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.88 per share as compared to estimates of $1.47 per share, a difference of $0.41 representing a surprise of 27.90%.
Ratios To Look Out For
For context, Dell Technologies Inc’s Current Ratio is 0.74. Also, the Quick Ratio is 0.67, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.91 and price to earnings (TTM) ratio is 26.12.
Transactions by insiders
Recent insider trading involved DELL MICHAEL S, Chief Executive Officer, that happened on Mar 20 ’24 when 1.94 million shares were sold. Chief Executive Officer, DELL MICHAEL S completed a deal on Mar 19 ’24 to sell 1.03 million shares. Meanwhile, Director SLTA V (GP), L.L.C. sold 0.56 million shares on Mar 19 ’24.
