Delta Air Lines Inc. [DAL] moved down -3.22: Why It’s Important

Delta Air Lines Inc. [NYSE: DAL] closed the trading session at $37.25 on 03/10/23. The day’s price range saw the stock hit a low of $36.58, while the highest price level was $38.92. The company report on March 7, 2023 that Delta Air Lines to Present at the J.P. Morgan Industrials Conference.

Delta Air Lines (NYSE:DAL) will present at the J.P. Morgan Industrials Conference at 8:00 a.m. ET on Tuesday, March 14, 2023.

A live webcast of this event will be available at ir.delta.com.  An online replay will be available at the same site shortly after the webcast is complete.

The stocks have a year to date performance of 13.36 percent and weekly performance of -4.12 percent. The stock has been moved at 15.97 percent over the last six months. The stock has performed -5.55 percent around the most recent 30 days and changed 8.51 percent over the most recent 3-months.

If compared to the average trading volume of 9.74M shares, DAL reached to a volume of 12913933 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 $52.00 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 1.60. 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.

Evercore ISI have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 07, 2023. The new note on the price target was released on February 08, 2023, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $39, while Argus analysts kept a Buy rating on DAL stock.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.11, 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 3.61, with the Price to Cash per share for the same quarter was set at 9.86. Price to Free Cash Flow for DAL in the course of the last twelve months was 5.49 with Quick ratio for the last quarter at 0.40.

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 -4.12. With this latest performance, DAL shares dropped by -5.55% in over the last four-week period, additionally plugging by 15.97% over the last 6 months – not to mention a rise of 13.71% 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 42.73, with the RSI for the last a single of trading hit 38.10, and the three-weeks RSI is set at 46.33 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 37.92, while it was recorded at 38.60 for the last single week of trading, and 34.11 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 +14.34. Delta Air Lines Inc.’s Net Margin is presently recorded at +2.61.

Return on Equity for this stock inclined to 25.18, with Return on Assets sitting at 1.65.

Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

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 37.41%.

Delta Air Lines Inc. [DAL]: Insider Ownership positions

There are presently around $16,353 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 71,496,733, which is approximately 1.621% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 38,054,126 shares of the stock with an approximate value of $1.42 billion in DAL stocks shares; and CAPITAL WORLD INVESTORS, currently with $835.41 million in DAL stock with ownership of nearly 1.072% of the company’s market capitalization.

Positions in Delta Air Lines Inc. stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 462 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 29,490,548 shares. Additionally, 425 investors decreased positions by around 21,616,174 shares, while 180 investors held positions by with 387,911,668 shares. The mentioned changes placed institutional holdings at 439,018,390 shares, according to the latest SEC report filing. DAL stock had 174 new institutional investments in for a total of 5,801,743 shares, while 80 institutional investors sold positions of 2,985,118 shares during the same period.