Delta Air Lines Inc. [DAL] Stock trading around $40.31 per share: What’s Next?

Delta Air Lines Inc. [NYSE: DAL] gained 0.83% or 0.33 points to close at $40.31 with a heavy trading volume of 11288970 shares. The company report on January 14, 2021 that Delta Air Lines Announces December Quarter and Full Year 2020 Financial Results.

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December quarter 2020 GAAP pre-tax loss of $1.1 billion and loss per share of $1.19 on total revenue of $4.0 billion.

December quarter 2020 adjusted pre-tax loss of $2.1 billion and adjusted loss per share of $2.53 on adjusted operating revenue of $3.5 billion.

It opened the trading session at $40.31, the shares rose to $40.65 and dropped to $39.8007, the range by which the price of stock traded the whole day. The daily chart for DAL points out that the company has recorded 53.74% gains over the past six months. However, it is still -130.21% lower than its most recent low trading price.

If we look at the average trading volume of 15.30M shares, DAL reached to a volume of 11288970 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 $45.00 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 2.50. 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.

Vertical Research have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 15, 2021. While these analysts kept the previous recommendation, Susquehanna raised their target price from $42 to $45. The new note on the price target was released on January 14, 2021, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $44, while Cowen analysts kept a Market Perform rating on DAL 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 1.56. The Price to Book ratio for the last quarter was 7.62, with the Price to Cash per share for the same quarter was set at 32.54. Price to Free Cash Flow for DAL in the course of the last twelve months was 25.79 with Quick ratio for the last quarter at 1.20.

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 2.28. With this latest performance, DAL shares dropped by -1.87% in over the last four-week period, additionally plugging by 53.74% over the last 6 months – not to mention a drop of -35.02% 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 51.61, with the RSI for the last a single of trading hit 50.63, and the three-weeks RSI is set at 53.08 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 39.56, while it was recorded at 40.50 for the last single week of trading, and 30.85 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 -47.94 and a Gross Margin at -37.74. Delta Air Lines Inc.’s Net Margin is presently recorded at -72.45.

Return on Total Capital for DAL is now -23.58, given the latest momentum, and Return on Invested Capital for the company is -38.69. Return on Equity for this stock declined to -148.23, with Return on Assets sitting at -18.14. 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 2,627.35. Additionally, DAL Total Debt to Total Capital is recorded at 96.33, with Total Debt to Total Assets ending up at 49.34. Long-Term Debt to Equity for the company is recorded at 2,449.22, with the Long-Term Debt to Total Capital now at 89.80.

Receivables Turnover for the company is 8.04 with a Total Asset Turnover recorded at a value of 0.25.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 -0.51/share EPS, while the average EPS was predicted by analysts to be reported at -0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.10%. 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 $15,363 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 $1.44 billion in DAL stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $932.0 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 368 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 51,743,053 shares. Additionally, 461 investors decreased positions by around 40,157,510 shares, while 119 investors held positions by with 289,230,919 shares. The mentioned changes placed institutional holdings at 381,131,482 shares, according to the latest SEC report filing. DAL stock had 108 new institutional investments in for a total of 9,833,049 shares, while 119 institutional investors sold positions of 9,217,397 shares during the same period.

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