Delta Air Lines Inc. [DAL] Is Currently -4.22 below its 200 Period Moving Avg: What Does This Mean?

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Delta Air Lines Inc. [NYSE: DAL] price plunged by -4.22 percent to reach at -$1.59. The company report on March 16, 2022 that UATP INVITES TRAVEL INDUSTRY EXECUTIVES TO AIRLINE DISTRIBUTION 2022.


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UATP invites global airlines and industry executives to attend Airline Distribution 2022. The event is back in-person, 10-12 May in Lisbon.

Airline Distribution brings together a variety of industry leaders from around the world to discuss significant distribution issues in a neutral forum. Airline Distribution will focus on the many aspects of airline distribution, with a variety of airline and industry speakers featuring the return to travel, payment advancements, future outlook, as well as how technology has evolved over the last two years across the industry and much more.

A sum of 18336151 shares traded at recent session while its average daily volume was at 15.27M shares. Delta Air Lines Inc. shares reached a high of $37.23 and dropped to a low of $35.88 until finishing in the latest session at $36.09.

The one-year DAL stock forecast points to a potential upside of 27.5. The average equity rating for DAL stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $49.78 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 2.20. 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.

Wolfe Research have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 15, 2022. While these analysts kept the previous recommendation, Berenberg raised their target price from $48 to $50. The new note on the price target was released on January 25, 2022, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $46, while Argus analysts kept a Buy rating on DAL stock. On January 13, 2022, analysts increased their price target for DAL shares from 45 to 50.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 2.09, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 5.91, with the Price to Cash per share for the same quarter was set at 17.94. Price to Free Cash Flow for DAL in the course of the last twelve months was 13.65 with Quick ratio for the last quarter at 0.70.

DAL Stock Performance Analysis:

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 12.54. With this latest performance, DAL shares dropped by -16.67% in over the last four-week period, additionally sinking by -11.50% over the last 6 months – not to mention a drop of -24.77% 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 47.28, with the RSI for the last a single of trading hit 49.92, and the three-weeks RSI is set at 46.44 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 38.96, while it was recorded at 36.54 for the last single week of trading, and 40.49 for the last 200 days.

Insight into Delta Air Lines Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Delta Air Lines Inc. [DAL] shares currently have an operating margin of -8.85 and a Gross Margin at -0.96. Delta Air Lines Inc.’s Net Margin is presently recorded at +0.94.

Return on Equity for this stock inclined to 10.33, with Return on Assets sitting at 0.37.

Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

DAL Stock EPS

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Delta Air Lines Inc. go to 13.31%.

Delta Air Lines Inc. [DAL] Insider Position Details

There are presently around $15,306 million, or 64.30% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 66,966,728, which is approximately 0.029% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 38,133,128 shares of the stock with an approximate value of $1.44 billion in DAL stocks shares; and STATE STREET CORP, currently with $831.82 million in DAL stock with ownership of nearly 1.546% of the company’s market capitalization.

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 478 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 30,546,335 shares. Additionally, 453 investors decreased positions by around 33,288,407 shares, while 165 investors held positions by with 342,382,004 shares. The mentioned changes placed institutional holdings at 406,216,746 shares, according to the latest SEC report filing. DAL stock had 148 new institutional investments in for a total of 5,104,431 shares, while 119 institutional investors sold positions of 12,059,891 shares during the same period.

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