Delta Air Lines Inc. [DAL] Stock trading around $39.03 per share: What’s Next?

Delta Air Lines Inc. [NYSE: DAL] surged by $0.68 during the normal trading session on Friday and reaching a high of $39.20 during the day while it closed the day at $39.03. 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.

Delta Air Lines Inc. stock has also loss -1.44% of its value over the past 7 days. However, DAL stock has inclined by 20.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 22.12% and gained 18.78% year-on date.

The market cap for DAL stock reached $24.59 billion, with 641.19 million shares outstanding and 638.96 million shares in the current float. Compared to the average trading volume of 9.97M shares, DAL reached a trading volume of 11958722 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $50.94 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 1.24, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 5.43, with the Price to Cash per share for the same quarter was set at 13.28. Price to Free Cash Flow for DAL in the course of the last twelve months was 7.93 with Quick ratio for the last quarter at 0.50.

DAL stock trade performance evaluation

Delta Air Lines Inc. [DAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.44. With this latest performance, DAL shares gained by 18.56% in over the last four-week period, additionally plugging by 22.12% over the last 6 months – not to mention a rise of 0.54% 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 68.44, with the RSI for the last a single of trading hit 72.29, and the three-weeks RSI is set at 65.20 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 34.89, while it was recorded at 38.44 for the last single week of trading, and 34.44 for the last 200 days.

Delta Air Lines Inc. [DAL]: An insightful look at the core 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 per share (EPS) analysis for Delta Air Lines Inc. [DAL] stock

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 Ownership positions

There are presently around $16,756 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 $1.43 billion in DAL stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $873.07 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 411 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 33,916,219 shares. Additionally, 407 investors decreased positions by around 40,617,719 shares, while 186 investors held positions by with 354,776,359 shares. The mentioned changes placed institutional holdings at 429,310,297 shares, according to the latest SEC report filing. DAL stock had 101 new institutional investments in for a total of 5,838,142 shares, while 92 institutional investors sold positions of 5,559,642 shares during the same period.


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