While Dell Technologies Inc has overperformed by 1.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DELL rose by 206.71%, with highs and lows ranging from $131.06 to $37.56, whereas the simple moving average jumped by 59.66% in the last 200 days.
On March 01, 2024, TD Cowen Reiterated Dell Technologies Inc (NYSE: DELL) to Market Perform. A report published by Loop Capital on February 28, 2024, Initiated its previous ‘Buy’ rating for DELL. Evercore ISI also reiterated DELL shares as ‘Outperform’, quoting a target price of $95 on the company’s shares in a report dated February 23, 2024. JP Morgan January 08, 2024d the rating to Overweight on January 08, 2024, and set its price target from $77 to $90. TD Cowen resumed its ‘Market Perform’ rating for DELL, as published in its report on December 01, 2023. Daiwa Securities’s report from September 19, 2023 suggests a price prediction of $80 for DELL shares, giving the stock a ‘Outperform’ rating. Barclays also rated the stock as ‘Underweight’.
Analysis of Dell Technologies Inc (DELL)
DELL currently pays a dividend of $1.48 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -10.93%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Dell Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 6.55M can be a very valuable indicator of volatility for DELL stock. On a monthly basis, the volatility of the stock is set at 4.38%, whereas on a weekly basis, it is put at 3.43%, with a gain of 6.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $126.85, showing growth from the present price of $114.65, which can serve as yet another indication of whether DELL is worth investing in or should be passed over.
How Do You Analyze Dell Technologies Inc Shares?
The USA based company Dell Technologies Inc (DELL) is one of the biggest names in Computer Hardware. When comparing Dell Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.26, there is a growth in quarterly earnings of 90.33%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 66.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DELL shares are owned by institutional investors to the tune of 27.20% at present.
