Delta Air Lines, Inc. (NYSE: DAL) kicked off on Monday, up 0.80% from the previous trading day, before settling in for the closing price of $40.15. Over the past 52 weeks, DAL has traded in a range of $30.60-$53.86.
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A company in the Industrials sector has jumped its sales by 20.20% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -1.81%. With a float of $642.86 million, this company’s outstanding shares have now reached $643.45 million.
In an organization with 100000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 20.55%, operating margin of 10.29%, and the pretax margin is 9.47%.
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 0.40%, while institutional ownership is 78.69%. The most recent insider transaction that took place on Jul 12 ’24, was worth 438,967. In this transaction Director of this company bought 10,000 shares at a rate of $43.90, taking the stock ownership to the 20,000 shares. Before that another transaction happened on May 08 ’24, when Company’s EVP & Chief People Officer sold 4,846 for $52.30, making the entire transaction worth $253,422. This insider now owns 112,421 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 6/30/2024, the organization reported 2.03 earnings per share (EPS), higher than consensus estimate (set at 1.95) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.69% 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
Take a look at Delta Air Lines, Inc.’s (DAL) current performance indicators. Last quarter, stock had a quick ratio of 0.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.43. Likewise, its price to free cash flow for the trailing twelve months is 23.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.95, a number that is poised to hit 1.60 in the next quarter and is forecasted to reach 7.32 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 6.64 million. That was inferior than the volume of 9.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.28%. Additionally, its Average True Range was 1.30.
During the past 100 days, Delta Air Lines, Inc.’s (DAL) raw stochastic average was set at 19.19%, which indicates a significant decrease from 47.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.20% in the past 14 days, which was higher than the 31.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.81, while its 200-day Moving Average is $43.48. However, in the short run, Delta Air Lines, Inc.’s stock first resistance to watch stands at $40.71. Second resistance stands at $40.95. The third major resistance level sits at $41.30. If the price goes on to break the first support level at $40.12, it is likely to go to the next support level at $39.77. Assuming the price breaks the second support level, the third support level stands at $39.53.
Delta Air Lines, Inc. (NYSE: DAL) Key Stats
The company with the Market Capitalisation of 26.12 billion has total of 645,312K Shares Outstanding. Its annual sales at the moment are 58,048 M in contrast with the sum of 4,609 M annual income. Company’s last quarter sales were recorded 16,658 M and last quarter income was 1,305 M.
