The stock of Delta Air Lines, Inc. (DAL) has seen a -3.78% decrease in the past week, with a 9.61% gain in the past month, and a 17.50% flourish in the past quarter. The volatility ratio for the week is 2.77%, and the volatility levels for the past 30 days are at 2.46% for DAL. The simple moving average for the last 20 days is 2.49% for DAL’s stock, with a simple moving average of 13.30% for the last 200 days.
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 that is above its average at 6.43x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAL is 640.67M, and at present, short sellers hold a 2.51% of that float. On April 08, 2024, the average trading volume of DAL was 10.35M shares.
DAL) stock’s latest price update
Delta Air Lines, Inc. (NYSE: DAL) has experienced a rise in its stock price by 0.39 compared to its previous closing price of 45.88. However, the company has seen a fall of -3.78% in its stock price over the last five trading days. Barrons reported 2024-04-07 that Earnings reports from JPMorgan, Citi, Delta, Fastenal, and more. Plus, March inflation data, Fed minutes, and a European Central Bank interest-rate decision.
Analysts’ Opinion of DAL
Many brokerage firms have already submitted their reports for DAL stocks, with UBS repeating the rating for DAL by listing it as a “Buy.” The predicted price for DAL in the upcoming period, according to UBS is $59 based on the research report published on March 20, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see DAL reach a price target of $47, previously predicting the price at $40. The rating they have provided for DAL stocks is “Outperform” according to the report published on March 07th, 2023.
Redburn gave a rating of “Buy” to DAL, setting the target price at $55 in the report published on February 08th of the previous year.
DAL Trading at 8.68% 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 -7.53% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +7.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.61% upper at present.
During the last 5 trading sessions, DAL fell by -3.78%, which changed the moving average for the period of 200-days by +8.43% in comparison to the 20-day moving average, which settled at $45.10. In addition, Delta Air Lines, Inc. saw 14.49% 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 4,876 shares at the price of $42.02 back on Feb 27 ’24. After this action, Smith Joanne D now owns 117,267 shares of Delta Air Lines, Inc., valued at $204,904 using the latest closing price.
Carroll William C, the SVP, Fin & Controller of Delta Air Lines, Inc., sale 6,192 shares at $40.15 during a trade that took place back on Feb 06 ’24, which means that Carroll William C is holding 9,806 shares at $248,609 based on the most recent closing price.
Stock Fundamentals for DAL
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Delta Air Lines, Inc. stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 52.12, with 5.72 for asset returns.
Based on Delta Air Lines, Inc. (DAL), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 2.46. The interest coverage ratio of the stock is 6.5.
Currently, EBITDA for the company is 7.58 billion with net debt to EBITDA at 3.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 18.55for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
To sum up, Delta Air Lines, Inc. (DAL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
