Dell Technologies Inc. [NYSE: DELL] slipped around -0.5 points on Thursday, while shares priced at $36.28 at the close of the session, down -1.36%. The company report on September 15, 2022 that Dell Technologies and Red Hat Expand Strategic Collaboration to Accelerate DevOps in Multicloud Environments.
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New offerings include on-premises solutions and co-engineering a hybrid cloud solution with Red Hat OpenShift.
Dell Technologies Inc. stock is now -35.41% down from its year-to-date (YTD) trading value. DELL Stock saw the intraday high of $36.88 and lowest of $36.20 per share. The company’s 52-week high price is 61.54, which means current price is +0.22% above from all time high which was touched on 02/10/22.
Compared to the average trading volume of 3.38M shares, DELL reached a trading volume of 2559151 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $55.15 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.
Credit Suisse have made an estimate for Dell Technologies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $68 to $61. The new note on the price target was released on April 01, 2022, representing the official price target for Dell Technologies Inc. stock. Previously, the target price had yet another drop from $66 to $60, while Morgan Stanley kept a Equal-Weight rating on DELL stock.
The Average True Range (ATR) for Dell Technologies Inc. is set at 1.30, with the Price to Sales ratio for DELL stock in the period of the last 12 months amounting to 0.26.
How has DELL stock performed recently?
Dell Technologies Inc. [DELL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.64. With this latest performance, DELL shares dropped by -22.71% in over the last four-week period, additionally sinking by -31.03% over the last 6 months – not to mention a drop of -27.86% 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 30.36, with the RSI for the last a single of trading hit 26.63, and the three-weeks RSI is set at 33.47 for Dell Technologies Inc. [DELL]. The present Moving Average for the last 50 days of trading for this stock 42.85, while it was recorded at 37.16 for the last single week of trading, and 49.43 for the last 200 days.
Dell Technologies Inc. [DELL]: Deeper insight into the fundamentals
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.
Earnings analysis for Dell Technologies Inc. [DELL]
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 8.64%.
Insider trade positions for Dell Technologies Inc. [DELL]
There are presently around $7,228 million, or 83.50% of DELL stock, in the hands of institutional investors. The top three institutional holders of DELL stocks are: BLACKROCK INC. with ownership of 22,323,797, which is approximately 8.697% of the company’s market cap and around 1.10% of the total institutional ownership; DODGE & COX, holding 20,696,781 shares of the stock with an approximate value of $750.88 million in DELL stocks shares; and VANGUARD GROUP INC, currently with $610.24 million in DELL stock with ownership of nearly -3.876% 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 356 institutional holders increased their position in Dell Technologies Inc. [NYSE:DELL] by around 23,464,861 shares. Additionally, 306 investors decreased positions by around 40,700,899 shares, while 141 investors held positions by with 135,065,229 shares. The mentioned changes placed institutional holdings at 199,230,989 shares, according to the latest SEC report filing. DELL stock had 107 new institutional investments in for a total of 3,727,623 shares, while 97 institutional investors sold positions of 18,681,720 shares during the same period.