The stock of Delta Air Lines, Inc. (DAL) has gone down by -1.73% for the week, with a -13.00% drop in the past month and a -25.80% drop in the past quarter. The volatility ratio for the week is 3.86%, and the volatility levels for the past 30 days are 3.56% for DAL. The simple moving average for the last 20 days is -7.97% for DAL stock, with a simple moving average of -9.40% 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 5.63x. The stock has a 36-month beta value of 1.36. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DAL is 643.08M, and at present, short sellers hold a 4.57% of that float. On August 09, 2024, the average trading volume of DAL was 8.47M shares.
DAL) stock’s latest price update
Delta Air Lines, Inc. (NYSE: DAL) has seen a decline in its stock price by -1.19 in relation to its previous close of 39.61. However, the company has experienced a -1.73% decline in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-08-09 that It will be difficult for Delta Air Lines Inc (NYSE:DAL) to prove that CrowdStrike Holdings Inc (NASDAQ:CRWD)’s conduct related to the recent global IT outage amounted to “gross negligence” or “wilful misconduct,” analysts at Wedbush believe. The US airline claims it suffered $500 million in losses as the result of the outage last month, which forced Delta to cancel thousands of flights.
Analysts’ Opinion of DAL
Many brokerage firms have already submitted their reports for DAL stocks, with TD Cowen repeating the rating for DAL by listing it as a “Buy.” The predicted price for DAL in the upcoming period, according to TD Cowen is $59 based on the research report published on July 17, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see DAL reach a price target of $61, previously predicting the price at $55. The rating they have provided for DAL stocks is “Buy” according to the report published on July 02nd, 2024.
UBS gave a rating of “Buy” to DAL, setting the target price at $59 in the report published on March 20th of the current year.
DAL Trading at -15.50% 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 -27.33% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.86%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.79% lower at present.
During the last 5 trading sessions, DAL fell by -2.02%, which changed the moving average for the period of 200-days by +21.80% in comparison to the 20-day moving average, which settled at $42.30. In addition, Delta Air Lines, Inc. saw -2.71% in overturn over a single year, with a tendency to cut further losses.
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 $43.90 back on Jul 12 ’24. After this action, Chiang Willie CW now owns 20,000 shares of Delta Air Lines, Inc., valued at $438,967 using the latest closing price.
Smith Joanne D, the EVP & Chief People Officer of Delta Air Lines, Inc., sale 4,846 shares at $52.30 during a trade that took place back on May 08 ’24, which means that Smith Joanne D is holding 112,421 shares at $253,422 based on the most recent closing price.
Stock Fundamentals for DAL
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.21 for the gross margin
The net margin for Delta Air Lines, Inc. stands at 0.08. The total capital return value is set at 0.13. Equity return is now at value 43.81, with 6.04 for asset returns.
Based on Delta Air Lines, Inc. (DAL), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 1.51. The interest coverage ratio of the stock is 618.7.
Currently, EBITDA for the company is 7.58 billion with net debt to EBITDA at 3.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 15.77for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.40.
Conclusion
To sum up, Delta Air Lines, Inc. (DAL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
