Delta Air Lines, Inc. (NYSE: DAL)’s stock price has plunge by 1.71relation to previous closing price of 41.56. Nevertheless, the company has seen a 2.15% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-08-30 that As turbulence continues in the airline sector, Delta Air Lines Inc. DAL and United Airlines Inc. UAL have both recently formed a Death Cross on their stock charts — a bearish technical pattern that indicates potential trouble ahead.
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 of 6.08x that is above its average ratio. Additionally, the 36-month beta value for DAL is 1.35. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 7 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DAL is 643.01M and currently, short sellers hold a 4.99% ratio of that float. The average trading volume of DAL on August 30, 2024 was 8.61M shares.
DAL’s Market Performance
DAL’s stock has seen a 2.15% increase for the week, with a 1.86% rise in the past month and a -17.15% fall in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.68% for Delta Air Lines, Inc. The simple moving average for the past 20 days is 6.22% for DAL’s stock, with a -3.47% simple moving average for the past 200 days.
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 -2.47% 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 -21.52% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +6.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.60% lower at present.
During the last 5 trading sessions, DAL rose by +2.38%, which changed the moving average for the period of 200-days by +23.98% in comparison to the 20-day moving average, which settled at $39.92. In addition, Delta Air Lines, Inc. saw 5.07% 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 $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 0.79. 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
In conclusion, Delta Air Lines, Inc. (DAL) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
