Delta Air Lines Inc. (NYSE: DAL)’s stock price has increased by 1.44 compared to its previous closing price of 33.23. Nevertheless, the company has seen a -12.42% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/14/23 that U.S. Airlines Expect Strong Demand as Travelers Find Postpandemic Routines
Is It Worth Investing in Delta Air Lines Inc. (NYSE: DAL) Right Now?
Delta Air Lines Inc. (NYSE: DAL) has a price-to-earnings ratio of 16.45x that is above its average ratio. Additionally, the 36-month beta value for DAL is 1.27. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for DAL is $51.71, which is $18.29 above the current price. The public float for DAL is 639.00M and currently, short sellers hold a 3.41% ratio of that float. The average trading volume of DAL on March 17, 2023 was 9.80M shares.
DAL’s Market Performance
DAL’s stock has seen a -12.42% decrease for the week, with a -13.79% drop in the past month and a 0.99% gain in the past quarter. The volatility ratio for the week is 4.69%, and the volatility levels for the past 30 days are at 2.86% for Delta Air Lines Inc. The simple moving average for the last 20 days is -10.58% for DAL stock, with a simple moving average of -0.99% for the last 200 days.
Analysts’ Opinion of DAL
Many brokerage firms have already submitted their reports for DAL stocks, with Evercore ISI repeating the rating for DAL by listing it as a “Outperform.” The predicted price for DAL in the upcoming period, according to Evercore ISI is $47 based on the research report published on March 07th of the current year 2023.
Redburn, on the other hand, stated in their research note that they expect to see DAL reach a price target of $55. The rating they have provided for DAL stocks is “Buy” according to the report published on February 08th, 2023.
Argus gave a rating of “Buy” to DAL, setting the target price at $39 in the report published on January 05th of the current year.
DAL Trading at -11.42% 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 -27.15% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -13.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.37% upper at present.
During the last 5 trading sessions, DAL fell by -12.42%, which changed the moving average for the period of 200-days by -20.18% in comparison to the 20-day moving average, which settled at $37.43. In addition, Delta Air Lines Inc. saw 2.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAL starting from Smith Joanne D, who sale 4,846 shares at the price of $38.43 back on Feb 28. After this action, Smith Joanne D now owns 115,295 shares of Delta Air Lines Inc., valued at $186,232 using the latest closing price.
HAUENSTEIN GLEN W, the President of Delta Air Lines Inc., sale 5,000 shares at $37.87 during a trade that took place back on Feb 27, which means that HAUENSTEIN GLEN W is holding 278,712 shares at $189,325 based on the most recent closing price.
Stock Fundamentals for DAL
Current profitability levels for the company are sitting at:
- +6.99 for the present operating margin
- +14.34 for the gross margin
The net margin for Delta Air Lines Inc. stands at +2.61. Equity return is now at value 29.40, with 1.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In conclusion, Delta Air Lines Inc. (DAL) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
