Delta Air Lines, Inc. [NYSE: DAL] loss -4.77% or -1.9 points to close at $37.93 with a heavy trading volume of 19652466 shares.
The daily chart for DAL points out that the company has recorded -5.13% loss over the past six months.
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If we look at the average trading volume of 8.18M shares, DAL reached to a volume of 19652466 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $61.06 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.
TD Cowen have made an estimate for Delta Air Lines, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $55 to $61. The new note on the price target was released on July 02, 2024, representing the official price target for Delta Air Lines, Inc. stock. Previously, the target price had yet another raise to $59, while UBS analysts kept a Buy rating on DAL stock. On March 07, 2023, analysts increased their price target for DAL shares from 40 to 47.
The Average True Range (ATR) for Delta Air Lines, Inc. is set at 1.54, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 6.74. Price to Free Cash Flow for DAL in the course of the last twelve months was 22.15 with Quick ratio for the last quarter at 0.35.
Trading performance analysis for DAL stock
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 -12.16. With this latest performance, DAL shares dropped by -17.58% in over the last four-week period, additionally sinking by -5.13% over the last 6 months – not to mention a drop of -14.17% 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 22.87, with the RSI for the last a single of trading hit 17.42, and the three-weeks RSI is set at 26.97 for Delta Air Lines, Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 47.09, while it was recorded at 41.10 for the last single week of trading, and 43.11 for the last 200 days.
Delta Air Lines, Inc. [DAL]: A deeper dive into fundamental analysis
Delta Air Lines, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.40.
Delta Air Lines, Inc. [DAL]: An earnings per share (EPS) analysis
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 8.69%.
An analysis of Institutional ownership at Delta Air Lines, Inc. [DAL]
The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in DAL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DAL stock with ownership which is approximately 5.1238%.
