Delta Air Lines, Inc. (NYSE: DAL) kicked off on November 20, 2023, at the price of $35.95, up 1.22% from the previous trading day. During the day, the shares moved up to $36.595 and dropped to $35.72 before settling in for the closing price of $36.06. Over the past 52 weeks, DAL has traded in a range of $30.60-$49.81.
A company in the Industrials sector has jumped its sales by 18.85% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 91.09%. With a float of $641.03 million, this company’s outstanding shares have now reached $641.27 million.
In an organization with 95000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +14.34, operating margin of +6.99, and the pretax margin is +3.78.
Delta Air Lines, Inc. (DAL) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Airlines Industry. The insider ownership of Delta Air Lines, Inc. is 0.38%, while institutional ownership is 70.71%. The most recent insider transaction that took place on Oct 27, was worth 307,500. In this transaction Director of this company bought 10,000 shares at a rate of $30.75, taking the stock ownership to the 27,470 shares. Before that another transaction happened on Oct 19, when Company’s EVP & Chief People Officer sold 3,030 for $33.29, making the entire transaction worth $100,869. This insider now owns 95,362 shares in total.
Delta Air Lines, Inc. (DAL) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $2.03 earnings per share (EPS), higher than consensus estimate (set at $1.95) by $0.08. This company achieved a net margin of +2.61 while generating a return on equity of 25.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 91.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.60% during the next five years compared to -14.23% drop over the previous five years of trading.
Delta Air Lines, Inc. (NYSE: DAL) Trading Performance Indicators
Take a look at Delta Air Lines, Inc.’s (DAL) current performance indicators. Last quarter, stock had a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.41. Likewise, its price to free cash flow for the trailing twelve months is 19.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.29, a number that is poised to hit 1.14 in the next quarter and is forecasted to reach 6.55 in one year’s time.
Technical Analysis of Delta Air Lines, Inc. (DAL)
Let’s dig in a bit further. During the last 5-days, its volume was 9.11 million. That was inferior than the volume of 10.19 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.66%. Additionally, its Average True Range was 0.99.
During the past 100 days, Delta Air Lines, Inc.’s (DAL) raw stochastic average was set at 30.71%, which indicates a significant decrease from 98.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.84% in the past 14 days, which was lower than the 27.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.21, while its 200-day Moving Average is $38.35. However, in the short run, Delta Air Lines, Inc.’s stock first resistance to watch stands at $36.82. Second resistance stands at $37.15. The third major resistance level sits at $37.70. If the price goes on to break the first support level at $35.95, it is likely to go to the next support level at $35.40. Assuming the price breaks the second support level, the third support level stands at $35.07.
Delta Air Lines, Inc. (NYSE: DAL) Key Stats
The company with the Market Capitalisation of 23.49 billion has total of 643,463K Shares Outstanding. Its annual sales at the moment are 50,582 M in contrast with the sum of 1,318 M annual income. Company’s last quarter sales were recorded 15,488 M and last quarter income was 1,108 M.