Dell Technologies Inc. [NYSE: DELL] gained 12.86% or 5.65 points to close at $49.58 with a heavy trading volume of 15824822 shares. The company report on May 26, 2022 that Dell Technologies Delivers Record First Quarter Fiscal 2023 Financial Results.
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Record first quarter revenue of $26.1 billion, up 16%, with growth across ISG and CSG.
It opened the trading session at $50.39, the shares rose to $52.60 and dropped to $48.45, the range by which the price of stock traded the whole day. The daily chart for DELL points out that the company has recorded -11.75% loss over the past six months. However, it is still -29.35% lower than its most recent low trading price.
If we look at the average trading volume of 4.57M shares, DELL reached to a volume of 15824822 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 $59.81 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 2.20. 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.
Goldman have made an estimate for Dell Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 01, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $66 to $60. The new note on the price target was released on March 31, 2022, representing the official price target for Dell Technologies Inc. stock. Previously, the target price had yet another raise to $60, while Evercore ISI analysts kept a Outperform rating on DELL stock.
The Average True Range (ATR) for Dell Technologies Inc. is set at 2.38, with the Price to Sales ratio for DELL stock in the period of the last 12 months amounting to 0.43. Price to Free Cash Flow for DELL in the course of the last twelve months was 3.12 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 23.80. With this latest performance, DELL shares gained by 3.03% in over the last four-week period, additionally sinking by -11.75% over the last 6 months – not to mention a drop of -0.78% 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 61.20, with the RSI for the last a single of trading hit 68.46, and the three-weeks RSI is set at 56.48 for Dell Technologies Inc. [DELL]. The present Moving Average for the last 50 days of trading for this stock 47.60, while it was recorded at 43.78 for the last single week of trading, and 52.77 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 +4.86 and a Gross Margin at +20.45. Dell Technologies Inc.’s Net Margin is presently recorded at +4.90.
Return on Equity for this stock inclined to 781.67, with Return on Assets sitting at 4.58.
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 9.65%.
An analysis of insider ownership at Dell Technologies Inc. [DELL]
There are presently around $10,669 million, or 85.30% of DELL stock, in the hands of institutional investors. The top three institutional holders of DELL stocks are: DODGE & COX with ownership of 22,171,490, which is approximately -33.771% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 20,537,671 shares of the stock with an approximate value of $1.02 billion in DELL stocks shares; and VANGUARD GROUP INC, currently with $867.57 million in DELL stock with ownership of nearly 1.755% of the company’s market capitalization.
Positions in Dell Technologies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 356 institutional holders increased their position in Dell Technologies Inc. [NYSE:DELL] by around 25,494,131 shares. Additionally, 290 investors decreased positions by around 40,634,851 shares, while 158 investors held positions by with 149,048,861 shares. The mentioned changes placed institutional holdings at 215,177,843 shares, according to the latest SEC report filing. DELL stock had 89 new institutional investments in for a total of 4,305,608 shares, while 104 institutional investors sold positions of 14,515,717 shares during the same period.