With 266.00M Outstanding Shares, Can Dell Technologies Inc (NYSE: DELL) Deliver Big Short-Term Gains?

Dell Technologies Inc (NYSE:DELL) currently has a daily average trading volume of 6.83M but it saw 19348361 shares traded in last market. With a market cap of 91.78B USD, the company’s current market price of $128.58 came rising about 8.56 while comparing to the previous closing price of $118.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $131.06 and as low as $39.90.

Taking a look at 20-day trading activity of Dell Technologies Inc (DELL) gives us an average price of $113.99, while its current price level is -1.89% below from 52-week high level whereas it is 222.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $99.23 while that of 200 days or SMA-200 reads an average of $73.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.85% during that period while stretching the period over a month that decreases to 4.11%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.48 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Market Perform” in its note to investors issued on March 01, 2024, recommending a price target of between $75 and $105 for it. Evercore ISI also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $85 and $95.

Over the week, DELL’s stock price is moving 12.15% up while it is 5.58% when we observe its performance for the past one month. Year-to-date it is 68.08% up and over the past year, the stock is showing an upside performance of 219.77%.

Currently, Dell Technologies Inc’s total number of outstanding shares is 266.00M with 14.86% of that held by the insiders while 67.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 18.69%. It has a price to earnings ratio (P/E ratio) of 29.45 while having a 15.02 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to sale or P/S ratio amounts to 1.04. Its return on asset (ROA) is 3.74% on average.