Delta Air Lines Inc. [DAL] moved down -1.52: Why It’s Important

Delta Air Lines Inc. [NYSE: DAL] loss -1.52% or -0.61 points to close at $39.41 with a heavy trading volume of 11723101 shares. The company report on January 7, 2021 that Delta Air Lines Announces Webcast of December Quarter and Full Year 2020 Financial Results.

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Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its December quarter and full year 2020 financial results at 10:00 a.m. ET, Thurs., Jan. 14, 2021.

A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete.

It opened the trading session at $39.08, the shares rose to $39.99 and dropped to $38.90, the range by which the price of stock traded the whole day. The daily chart for DAL points out that the company has recorded 46.94% gains over the past six months. However, it is still -125.07% lower than its most recent low trading price.

If we look at the average trading volume of 15.53M shares, DAL reached to a volume of 11723101 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Delta Air Lines Inc. [DAL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DAL shares is $43.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAL stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 11, 2021. The new note on the price target was released on December 11, 2020, representing the official price target for Delta Air Lines Inc. stock.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.32, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 7.45, with the Price to Cash per share for the same quarter was set at 33.58.

Trading performance analysis for DAL stock

Delta Air Lines Inc. [DAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.76. With this latest performance, DAL shares dropped by -6.41% in over the last four-week period, additionally plugging by 46.94% over the last 6 months – not to mention a drop of -33.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DAL stock in for the last two-week period is set at 47.72, with the RSI for the last a single of trading hit 43.57, and the three-weeks RSI is set at 50.91 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 38.57, while it was recorded at 39.92 for the last single week of trading, and 30.50 for the last 200 days.

Delta Air Lines Inc. [DAL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Delta Air Lines Inc. [DAL] shares currently have an operating margin of +14.16 and a Gross Margin at +22.17. Delta Air Lines Inc.’s Net Margin is presently recorded at +10.14.

Return on Total Capital for DAL is now 21.19, given the latest momentum, and Return on Invested Capital for the company is 16.65. Return on Equity for this stock inclined to 32.82, with Return on Assets sitting at 7.64. When it comes to the capital structure of this company, Delta Air Lines Inc. [DAL] has a Total Debt to Total Equity ratio set at 112.35. Additionally, DAL Total Debt to Total Capital is recorded at 52.91, with Total Debt to Total Assets ending up at 26.74. Long-Term Debt to Equity for the company is recorded at 92.25, with the Long-Term Debt to Total Capital now at 43.44.

Reflecting on the efficiency of the workforce at the company, Delta Air Lines Inc. [DAL] managed to generate an average of $52,385 per employee. Receivables Turnover for the company is 18.19 with a Total Asset Turnover recorded at a value of 0.75.Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

Delta Air Lines Inc. [DAL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Delta Air Lines Inc. posted 1.7/share EPS, while the average EPS was predicted by analysts to be reported at 1.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DAL.

An analysis of insider ownership at Delta Air Lines Inc. [DAL]

There are presently around $14,959 million, or 61.50% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 66,379,398, which is approximately 19.179% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 35,681,406 shares of the stock with an approximate value of $1.41 billion in DAL stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $911.19 million in DAL stock with ownership of nearly -2.677% of the company’s market capitalization.

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Positions in Delta Air Lines Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 373 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 50,175,782 shares. Additionally, 456 investors decreased positions by around 40,150,044 shares, while 116 investors held positions by with 289,235,201 shares. The mentioned changes placed institutional holdings at 379,561,027 shares, according to the latest SEC report filing. DAL stock had 104 new institutional investments in for a total of 8,910,023 shares, while 120 institutional investors sold positions of 9,324,169 shares during the same period.

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