Delta Air Lines Inc. [DAL] gain 16.25% so far this year. What now?

Delta Air Lines Inc. [NYSE: DAL] traded at a low on 01/13/23, posting a -3.54 loss after which it closed the day’ session at $38.20. The company report on January 13, 2023 that Delta Air Lines Announces December Quarter and Full Year 2022 Profit.

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Generated double-digit operating margin in December quarter with EPS ahead of guidance.

Expect March quarter revenue to accelerate further relative to 2019.

The results of the trading session contributed to over 29086813 shares changing hands. Over the past one week, the price volatility of Delta Air Lines Inc. stands at 3.53% while the volatility over the past one month is 3.15%.

The market cap for DAL stock reached $25.39 billion, with 641.19 million shares outstanding and 638.95 million shares in the current float. Compared to the average trading volume of 9.98M shares, DAL reached a trading volume of 29086813 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $50.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAL stock is a recommendation set at 1.70. 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.

Argus 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 05, 2023. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on December 16, 2022, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another drop from $50 to $40, while Evercore ISI kept a In-line rating on DAL stock.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.31, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 5.31, with the Price to Cash per share for the same quarter was set at 12.59. Price to Free Cash Flow for DAL in the course of the last twelve months was 8.19 with Quick ratio for the last quarter at 0.50.

How has DAL stock performed recently?

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 6.02. With this latest performance, DAL shares gained by 14.44% in over the last four-week period, additionally plugging by 26.95% over the last 6 months – not to mention a drop of -5.93% 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 65.36, with the RSI for the last a single of trading hit 67.89, and the three-weeks RSI is set at 62.84 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 34.41, while it was recorded at 38.17 for the last single week of trading, and 34.46 for the last 200 days.

Delta Air Lines Inc. [DAL]: Deeper insight into the 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 +6.99 and a Gross Margin at +15.45. Delta Air Lines Inc.’s Net Margin is presently recorded at +2.61.

Return on Equity for this stock inclined to 25.49, with Return on Assets sitting at 1.73.

Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings analysis for Delta Air Lines Inc. [DAL]

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%.

Insider trade positions for Delta Air Lines Inc. [DAL]

There are presently around $16,396 million, or 67.50% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 70,356,139, which is approximately 1.321% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 36,576,591 shares of the stock with an approximate value of $1.4 billion in DAL stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $854.51 million in DAL stock with ownership of nearly 5.011% 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 401 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 34,000,329 shares. Additionally, 408 investors decreased positions by around 40,663,917 shares, while 187 investors held positions by with 354,544,319 shares. The mentioned changes placed institutional holdings at 429,208,565 shares, according to the latest SEC report filing. DAL stock had 95 new institutional investments in for a total of 5,875,345 shares, while 92 institutional investors sold positions of 5,617,006 shares during the same period.


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