Dell Technologies Inc (NYSE: DELL) has seen a decline in its stock price by -5.06 in relation to its previous close of 124.04. However, the company has experienced a -11.27% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-13 that Dell expects to generate stable growth over the next few years. Broadcom is expanding and evolving into a diversified tech giant.
Is It Worth Investing in Dell Technologies Inc (NYSE: DELL) Right Now?
Dell Technologies Inc (NYSE: DELL) has a price-to-earnings ratio of 26.97x that is above its average ratio. Additionally, the 36-month beta value for DELL is 0.89. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DELL is 264.62M and currently, short sellers hold a 2.42% ratio of that float. The average trading volume of DELL on April 15, 2024 was 7.70M shares.
DELL’s Market Performance
The stock of Dell Technologies Inc (DELL) has seen a -11.27% decrease in the past week, with a 7.05% rise in the past month, and a 47.74% gain in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are at 4.49% for DELL. The simple moving average for the last 20 days is 0.51% for DELL stock, with a simple moving average of 54.61% for the last 200 days.
Analysts’ Opinion of DELL
Many brokerage firms have already submitted their reports for DELL stocks, with TD Cowen repeating the rating for DELL by listing it as a “Market Perform.” The predicted price for DELL in the upcoming period, according to TD Cowen is $105 based on the research report published on March 01, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see DELL reach a price target of $125. The rating they have provided for DELL stocks is “Buy” according to the report published on February 28th, 2024.
Evercore ISI gave a rating of “Outperform” to DELL, setting the target price at $95 in the report published on February 23rd of the current year.
DELL Trading at 12.84% from the 50-Day Moving Average
After a stumble in the market that brought DELL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.51% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares surge +10.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.08% upper at present.
During the last 5 trading sessions, DELL fell by -11.27%, which changed the moving average for the period of 200-days by +129.15% in comparison to the 20-day moving average, which settled at $117.73. In addition, Dell Technologies Inc saw 53.93% 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 DELL starting from Rothberg Richard J, who sale 93,954 shares at the price of $132.95 back on Apr 08 ’24. After this action, Rothberg Richard J now owns 86,836 shares of Dell Technologies Inc, valued at $12,491,184 using the latest closing price.
SLTA IV (GP), L.L.C., the Director of Dell Technologies Inc, sale 346,931 shares at $133.19 during a trade that took place back on Apr 04 ’24, which means that SLTA IV (GP), L.L.C. is holding 152 shares at $46,207,922 based on the most recent closing price.
Stock Fundamentals for DELL
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.24 for the gross margin
The net margin for Dell Technologies Inc stands at 0.04. The total capital return value is set at 0.16.
Based on Dell Technologies Inc (DELL), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at -10.81. The interest coverage ratio of the stock is 3.74.
Currently, EBITDA for the company is 8.78 billion with net debt to EBITDA at 3.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 6.32for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
In conclusion, Dell Technologies Inc (DELL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
