While Dell Technologies Inc has overperformed by 0.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DELL rose by 99.00%, with highs and lows ranging from $179.70 to $53.62, whereas the simple moving average jumped by 4.11% in the last 200 days.
On August 13, 2024, Barclays Upgraded Dell Technologies Inc (NYSE: DELL) to Equal Weight. A report published by TD Cowen on May 31, 2024, Reiterated its previous ‘Hold’ rating for DELL. BofA Securities also reiterated DELL shares as ‘Buy’, quoting a target price of $180 on the company’s shares in a report dated May 29, 2024. Wells Fargo Reiterated the rating as Overweight on May 21, 2024, but set its price target from $140 to $170. Citigroup resumed its ‘Buy’ rating for DELL, as published in its report on May 21, 2024. Barclays’s report from May 21, 2024 suggests a price prediction of $98 for DELL shares, giving the stock a ‘Underweight’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
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Analysis of Dell Technologies Inc (DELL)
Investors in Dell Technologies Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.63 per share. Further, the quarter-over-quarter increase in sales is 5.79%, showing a positive trend in the upcoming months.
One of the most important indicators of Dell Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.63, 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.
For any stock, average volume can also provide valuable insight into volatility, and DELL is recording 14.90M average volume. On a monthly basis, the volatility of the stock is set at 4.87%, whereas on a weekly basis, it is put at 3.19%, with a gain of 1.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $155.94, showing growth from the present price of $111.86, 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 Computer Hardware market is dominated by Dell Technologies Inc (DELL) based in the USA. 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 22.85, there is a growth in quarterly earnings of 66.94%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 59.98%. 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 31.93% 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 31.93% at present.
