Dell Technologies Inc. [NYSE: DELL] gained 3.83% or 3.65 points to close at $98.89 with a heavy trading volume of 5902165 shares. The company report on September 9, 2021 that Dell Technologies to present at Citi’s 2021 Global Technology Virtual Conference.
Dell Technologies (NYSE: DELL) announces that Dell Technologies’ chief financial officer, Tom Sweet, will present at Citi’s 2021 Global Technology Conference in a virtual fireside chat on Wednesday, September 15, 2021 at 11:10 a.m. CT / 12:10 p.m. ET.
A live webcast and a replay of the webcast will be available on Dell Technologies’ Investor Relations page at investors.delltechnologies.com.
It opened the trading session at $98.39, the shares rose to $99.40 and dropped to $97.5608, the range by which the price of stock traded the whole day. The daily chart for DELL points out that the company has recorded 10.74% gains over the past six months. However, it is still -67.95% lower than its most recent low trading price.
If we look at the average trading volume of 1.94M shares, DELL reached to a volume of 5902165 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 Dell Technologies Inc. [DELL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DELL shares is $118.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DELL stock is a recommendation set at 2.10. 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.
UBS have made an estimate for Dell Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 27, 2021. While these analysts kept the previous recommendation, Raymond James dropped their target price from $118 to $115. The new note on the price target was released on August 27, 2021, representing the official price target for Dell Technologies Inc. stock. Previously, the target price had yet another raise from $130 to $133, while Morgan Stanley kept a Overweight rating on DELL stock. On August 27, 2021, analysts increased their price target for DELL shares from 98 to 101.
The Average True Range (ATR) for Dell Technologies Inc. is set at 1.99, with the Price to Sales ratio for DELL stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 15.65, with the Price to Cash per share for the same quarter was set at 15.14. Price to Free Cash Flow for DELL in the course of the last twelve months was 7.22 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for DELL stock
Dell Technologies Inc. [DELL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, DELL shares dropped by -1.61% in over the last four-week period, additionally plugging by 10.74% over the last 6 months – not to mention a rise of 48.95% 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 DELL stock in for the last two-week period is set at 53.84, with the RSI for the last a single of trading hit 56.72, and the three-weeks RSI is set at 52.51 for Dell Technologies Inc. [DELL]. The present Moving Average for the last 50 days of trading for this stock 97.42, while it was recorded at 96.28 for the last single week of trading, and 89.66 for the last 200 days.
Dell Technologies Inc. [DELL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Dell Technologies Inc. [DELL] shares currently have an operating margin of +6.18 and a Gross Margin at +28.54. Dell Technologies Inc.’s Net Margin is presently recorded at +3.45.
Return on Total Capital for DELL is now 10.07, given the latest momentum, and Return on Invested Capital for the company is 7.14. Return on Equity for this stock inclined to 324.03, with Return on Assets sitting at 2.68. When it comes to the capital structure of this company, Dell Technologies Inc. [DELL] has a Total Debt to Total Equity ratio set at 1,701.36. Additionally, DELL Total Debt to Total Capital is recorded at 94.45, with Total Debt to Total Assets ending up at 40.68. Long-Term Debt to Equity for the company is recorded at 1,751.07, with the Long-Term Debt to Total Capital now at 81.66.
Reflecting on the efficiency of the workforce at the company, Dell Technologies Inc. [DELL] managed to generate an average of $20,570 per employee. Receivables Turnover for the company is 5.34 with a Total Asset Turnover recorded at a value of 0.78.Dell Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
Dell Technologies Inc. [DELL]: An earnings per share (EPS) analysis
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 DELL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dell Technologies Inc. go to 7.81%.
An analysis of insider ownership at Dell Technologies Inc. [DELL]
There are presently around $22,998 million, or 84.90% of DELL stock, in the hands of institutional investors. The top three institutional holders of DELL stocks are: DODGE & COX with ownership of 37,514,466, which is approximately -4.275% of the company’s market cap and around 2.80% of the total institutional ownership; ELLIOTT INVESTMENT MANAGEMENT L.P., holding 24,832,943 shares of the stock with an approximate value of $2.46 billion in DELL stocks shares; and BLACKROCK INC., currently with $1.72 billion in DELL stock with ownership of nearly 7.715% of the company’s market capitalization.
Positions in Dell Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 360 institutional holders increased their position in Dell Technologies Inc. [NYSE:DELL] by around 28,764,034 shares. Additionally, 270 investors decreased positions by around 17,294,400 shares, while 173 investors held positions by with 186,503,957 shares. The mentioned changes placed institutional holdings at 232,562,391 shares, according to the latest SEC report filing. DELL stock had 107 new institutional investments in for a total of 5,111,338 shares, while 60 institutional investors sold positions of 3,245,860 shares during the same period.