Delta Air Lines, Inc. [DAL] Stock trading around $49.02 per share: What’s Next?

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Delta Air Lines, Inc. [NYSE: DAL] stock went on an upward path that rose over 3.05% on Monday, amounting to a one-week price increase of more than 5.08%.

Over the last 12 months, DAL stock rose by 41.51%. The one-year Delta Air Lines, Inc. stock forecast points to a potential upside of 16.38. The average equity rating for DAL stock is currently 1.32, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $31.63 billion, with 643.45 million shares outstanding and 642.65 million shares in the current float. Compared to the average trading volume of 9.97M shares, DAL stock reached a trading volume of 10340936 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $58.62 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 1.32. 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.

UBS have made an estimate for Delta Air Lines, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 20, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $40 to $47. The new note on the price target was released on March 07, 2023, representing the official price target for Delta Air Lines, Inc. stock. Previously, the target price had yet another raise to $55, while Redburn analysts kept a Buy rating on DAL stock.

The Average True Range (ATR) for Delta Air Lines, Inc. is set at 1.38, 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 2.84, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for DAL in the course of the last twelve months was 28.22 with Quick ratio for the last quarter at 0.36.

DAL Stock Performance Analysis:

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 5.08. With this latest performance, DAL shares gained by 6.57% in over the last four-week period, additionally plugging by 49.86% over the last 6 months – not to mention a rise of 41.51% 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 66.69, with the RSI for the last a single of trading hit 68.91, and the three-weeks RSI is set at 65.41 for Delta Air Lines, Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 44.19, while it was recorded at 47.77 for the last single week of trading, and 40.76 for the last 200 days.

Insight into Delta Air Lines, Inc. Fundamentals:

Delta Air Lines, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.36 and a Current Ratio set at 0.41.

DAL Stock EPS

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 9.63%.

Delta Air Lines, Inc. [DAL] Institutonal Ownership Details

The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DAL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DAL stock with ownership which is approximately 5.8386%.

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