Dell Technologies Inc [DELL] Revenue clocked in at $89.74 billion, up 24.54% YTD: What’s Next?

Dell Technologies Inc [NYSE: DELL] closed the trading session at $95.27.

The stocks have a year to date performance of 24.54 percent and weekly performance of -2.96 percent. The stock has been moved at 10.52 percent over the last six months. The stock has performed -31.74 percent around the most recent 30 days and changed -28.24 percent over the most recent 3-months.

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If compared to the average trading volume of 14.86M shares, DELL reached to a volume of 9863032 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 Dell Technologies Inc [DELL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DELL shares is $160.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DELL stock is a recommendation set at 1.85. 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 Dell Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 31, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $130 to $180. The new note on the price target was released on May 29, 2024, representing the official price target for Dell Technologies Inc stock. Previously, the target price had yet another raise from $140 to $170, while Wells Fargo kept a Overweight rating on DELL stock. On May 21, 2024, analysts increased their price target for DELL shares from 125 to 170.

The Average True Range (ATR) for Dell Technologies Inc is set at 6.56, with the Price to Sales ratio for DELL stock in the period of the last 12 months amounting to 0.75. Price to Free Cash Flow for DELL in the course of the last twelve months was 12.74 with Quick ratio for the last quarter at 0.63.

DELL stock trade performance evaluation

Dell Technologies Inc [DELL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.96. With this latest performance, DELL shares dropped by -31.74% in over the last four-week period, additionally plugging by 10.52% over the last 6 months – not to mention a rise of 70.12% 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 DELL stock in for the last two-week period is set at 31.40, with the RSI for the last a single of trading hit 31.82, and the three-weeks RSI is set at 33.63 for Dell Technologies Inc [DELL]. The present Moving Average for the last 50 days of trading for this stock 127.73, while it was recorded at 92.37 for the last single week of trading, and 105.39 for the last 200 days.

Dell Technologies Inc [DELL]: An insightful look at the core fundamentals

Dell Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.63 and a Current Ratio set at 0.73.

Earnings per share (EPS) analysis for Dell Technologies Inc [DELL] 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 DELL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dell Technologies Inc go to 0.81%.

Dell Technologies Inc [DELL]: Institutional Ownership

The top three institutional holders of DELL 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 DELL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DELL stock with ownership which is approximately 5.1238%.

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