Delta Air Lines Inc. (NYSE:DAL) went up by 0.76% from its latest closing price compared to the recent 1-year high of $46.27. The company’s stock price has collected 1.08% of gains in the last five trading sessions. The Wall Street Journal reported on 10/13/22 that Delta Expects Travel Rebound to Continue as Summer Demand Lifts Revenue
Is It Worth Investing in Delta Air Lines Inc. (NYSE :DAL) Right Now?
Delta Air Lines Inc. (NYSE:DAL) scored a price-to-earnings ratio above its average ratio, recording 302.54 x from its present earnings ratio. Plus, the 36-month beta value for DAL is at 1.22. Opinions of the stock are interesting as 16 analysts out of 20 who provided ratings for Delta Air Lines Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $48.00, which is $13.98 above the current price. DAL currently public float of 638.86M and currently shorts hold a 2.74% ratio of that float. Today, the average trading volume of DAL was 10.37M shares.
DAL’s Market Performance
DAL stocks went up by 1.08% for the week, with a monthly jump of 1.74% and a quarterly performance of 1.47%, while its annual performance rate touched -12.75%. The volatility ratio for the week stands at 2.42% while the volatility levels for the past 30 days are set at 2.94% for Delta Air Lines Inc. The simple moving average for the period of the last 20 days is 1.58% for DAL stocks with a simple moving average of -1.74% for the last 200 days.
Analysts’ Opinion of DAL
Many brokerage firms have already submitted their reports for DAL stocks, with Cowen repeating the rating for DAL by listing it as a “Outperform.” The predicted price for DAL in the upcoming period, according to Cowen is $54 based on the research report published on October 14th of the current year 2022.
UBS gave a rating of “Buy” to DAL, setting the target price at $53 in the report published on April 18th of the current year.
DAL Trading at 7.67% from the 50-Day Moving Average
After a stumble in the market that brought DAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.46% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.60% upper at present.
During the last 5 trading sessions, DAL rose by +1.08%, which changed the moving average for the period of 200-days by -19.06% in comparison to the 20-day moving average, which settled at $33.98. In addition, Delta Air Lines Inc. saw -11.75% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DAL starting from Smith Joanne D, who sale 2,000 shares at the price of $34.19 back on Oct 28. After this action, Smith Joanne D now owns 111,153 shares of Delta Air Lines Inc., valued at $68,380 using the latest closing price.
Bastian Edward H, the Chief Executive Officer of Delta Air Lines Inc., sale 47,500 shares at $31.58 during a trade that took place back on Aug 31, which means that Bastian Edward H is holding 399,212 shares at $1,499,908 based on the most recent closing price.
Stock Fundamentals for DAL
Current profitability levels for the company are sitting at:
- -8.85 for the present operating margin
- -0.96 for the gross margin
The net margin for Delta Air Lines Inc. stands at +0.94. Equity return is now at value 2.10, with 0.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.