Delta Air Lines, Inc. (NYSE: DAL) on Friday, plunged -1.62% from the previous trading day, before settling in for the closing price of $47.63. Within the past 52 weeks, DAL’s price has moved between $30.60 and $49.81.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 20.20%. The company achieved an average annual earnings per share of 5.14%. With a float of $642.65 million, this company’s outstanding shares have now reached $643.45 million.
Considering the fact that the conglomerate employs 100000 people, you should pay attention to its efficiency factor.
Delta Air Lines, Inc. (DAL) Insider Activity
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Delta Air Lines, Inc. is 0.41%, while institutional ownership is 69.86%. The most recent insider transaction that took place on Feb 27 ’24, was worth 204,904. In this transaction EVP & Chief People Officer of this company sold 4,876 shares at a rate of $42.02, taking the stock ownership to the 117,267 shares. Before that another transaction happened on Feb 06 ’24, when Company’s SVP, Fin & Controller sold 6,192 for $40.15, making the entire transaction worth $248,609. This insider now owns 9,806 shares in total.
Delta Air Lines, Inc. (DAL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 13.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.63% during the next five years compared to 4.80% growth over the previous five years of trading.
Delta Air Lines, Inc. (NYSE: DAL) Trading Performance Indicators
Delta Air Lines, Inc. (DAL) is currently performing well based on its current performance indicators. A quick ratio of 0.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.51. Likewise, its price to free cash flow for the trailing twelve months is 26.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.79, a number that is poised to hit 2.35 in the next quarter and is forecasted to reach 7.56 in one year’s time.
Technical Analysis of Delta Air Lines, Inc. (DAL)
Compared to the last year’s volume of 10.82 million, its volume of 17.8 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.52%. Additionally, its Average True Range was 1.36.
During the past 100 days, Delta Air Lines, Inc.’s (DAL) raw stochastic average was set at 82.73%, which indicates a significant increase from 49.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.94% in the past 14 days, which was lower than the 30.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.27, while its 200-day Moving Average is $40.76. Nevertheless, the first resistance level for the watch stands at $47.17 in the near term. At $47.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.03. If the price goes on to break the first support level at $46.32, it is likely to go to the next support level at $45.78. Should the price break the second support level, the third support level stands at $45.46.
Delta Air Lines, Inc. (NYSE: DAL) Key Stats
Market capitalization of the company is 30.24 billion based on 645,312K outstanding shares. Right now, sales total 58,048 M and income totals 4,609 M. The company made 14,223 M in profit during its latest quarter, and 2,037 M in sales during its previous quarter.
