Delta Air Lines, Inc. (NYSE: DAL) has a higher price-to-earnings ratio of 6.02x compared to its average ratio. DAL has 36-month beta value of 1.42. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAL is 642.65M, and currently, short sellers hold a 2.75% ratio of that float. The average trading volume of DAL on April 15, 2024 was 10.74M shares.
DAL) stock’s latest price update
The stock price of Delta Air Lines, Inc. (NYSE: DAL) has plunged by -1.62 when compared to previous closing price of 47.63, but the company has seen a 1.74% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-12 that Delta expects a record spring and summer as people continue shifting more spending toward services and as business travel picks back up. The company’s premium value proposition is resonating with its customers.
DAL’s Market Performance
Delta Air Lines, Inc. (DAL) has seen a 1.74% rise in stock performance for the week, with a 6.72% gain in the past month and a 10.89% surge in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are at 2.59% for DAL. The simple moving average for the last 20 days is 2.01% for DAL stock, with a simple moving average of 14.99% for the last 200 days.
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 -5.92% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.72% upper at present.
During the last 5 trading sessions, DAL rose by +1.74%, which changed the moving average for the period of 200-days by +1.67% in comparison to the 20-day moving average, which settled at $46.12. In addition, Delta Air Lines, Inc. saw 16.48% 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:
- 0.11 for the present operating margin
- 0.22 for the gross margin
The net margin for Delta Air Lines, Inc. stands at 0.09. The total capital return value is set at 0.14. Equity return is now at value 57.54, with 6.76 for asset returns.
Based on Delta Air Lines, Inc. (DAL), the company’s capital structure generated 0.64 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 1.8. The interest coverage ratio of the stock is 15.99.
Currently, EBITDA for the company is 7.58 billion with net debt to EBITDA at 3.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 15.75for 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 0.41.
Conclusion
To put it simply, Delta Air Lines, Inc. (DAL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
