The Week Ahead: Are Investors Really Too Optimistic About Dell Technologies Inc (NYSE: DELL)

Dell Technologies Inc (NYSE:DELL) currently has a daily average trading volume of 10.55M but it saw 17002393 shares traded in last market. With a market cap of 94.27B USD, the company’s current market price of $129.40 came rising about 6.39 while comparing to the previous closing price of $121.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $179.70 and as low as $65.73. In the recent trading on the day, stock has struck highest price mark of $125.44 while lowest mark touched by it was $133.9699.

Taking a look at 20-day trading activity of Dell Technologies Inc (DELL) gives us an average price of $123.44, while its current price level is -27.99% below from 52-week high level whereas it is 96.87% 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 $117.40 while that of 200 days or SMA-200 reads an average of $117.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.11% during that period while stretching the period over a month that decreases to 3.02%. 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 61.91 which implies that the stock is in neutral 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 Deutsche Bank which resumed the stock as “Buy” in its note to investors issued on September 27, 2024, recommending a price target of $144 for it. Susquehanna issued its recommendations for the stock as it initiated the price target for the stock is $120.

Over the week, DELL’s stock price is moving 8.29% up while it is 14.35% when we observe its performance for the past one month. Year-to-date it is 69.15% up and over the past year, the stock is showing an upside performance of 94.79%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.88 beat the consensus estimate of 1.47 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 2.04 while estimate for next year EPS is 7.86. In next quarter, company is expected to be making quarterly sales of $25.68B as analysts are expecting the sales for current fiscal year at $97.6B and seeing the company making $104.98B in sales next year. Moreover, analysts are in estimates of $24.65B for current-quarter revenue.

Currently, Dell Technologies Inc’s total number of outstanding shares is 728.50M. Company’s return on investment (ROI) stands at 25.63%. It has a price to earnings ratio (P/E ratio) of 23.79 while having a 13.78 of forward P/E ratio. Stock’s beta reads 0.89. Stock has a price to sale or P/S ratio amounts to 1.03. Its return on asset (ROA) is 4.72% on average.