The stock of Delta Air Lines, Inc. (DAL) has gone up by 3.27% for the week, with a 12.36% rise in the past month and a 28.94% rise in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are 2.88% for DAL. The simple moving average for the last 20 days is 6.82% for DAL stock, with a simple moving average of 26.21% 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 higher price-to-earnings ratio of 6.62x compared to its average ratio, The 36-month beta value for DAL is at 1.38. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 7 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAL is 642.84M, and currently, shorts hold a 2.93% of that float. The average trading volume for DAL on May 06, 2024 was 9.97M shares.
DAL) stock’s latest price update
The stock price of Delta Air Lines, Inc. (NYSE: DAL) has surged by 1.02 when compared to previous closing price of 51.03, but the company has seen a 3.27% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that The airline industry is flourishing despite a plethora of industry challenges. Three airline-related stocks offer great reward-to-risk zones.
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 12.88% 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 able to rebound, for now settling with 0.71% of gains for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +11.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.39% upper at present.
During the last 5 trading sessions, DAL rose by +3.27%, which changed the moving average for the period of 200-days by +6.18% in comparison to the 20-day moving average, which settled at $48.53. In addition, Delta Air Lines, Inc. saw 28.14% 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 Chiang Willie CW, who purchase 10,000 shares at the price of $49.50 back on May 01 ’24. After this action, Chiang Willie CW now owns 10,000 shares of Delta Air Lines, Inc., valued at $494,955 using the latest closing price.
Carter Peter W, the EVP – External Affairs of Delta Air Lines, Inc., sale 50,000 shares at $50.00 during a trade that took place back on Apr 29 ’24, which means that Carter Peter W is holding 143,328 shares at $2,500,000 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 0.94. 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
In conclusion, Delta Air Lines, Inc. (DAL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
