Market cap of Dell Technologies Inc. [DELL] reaches 26.37B – now what?
Dell Technologies Inc. [NYSE: DELL] Its price fell by -0.5 points on Thursday, while share prices fell at $36.28 at the close of the session, down -1.36%. Company report on September 15, 2022 Dell Technologies and Red Hat expand strategic collaboration to accelerate DevOps in multicloud environments.
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New offerings include on-premises solutions and co-architecture of a hybrid cloud solution with Red Hat OpenShift.
Dell Technologies Inc. stock fell. Now at -35.41% of its YTD trade value (YTD). DELL stock saw an intraday high of $36.88 and a low of $36.20 per share. The company’s 52-week high is 61.54, which means the current price is 0.22% higher than the all-time high touched on 10/02/22.
Compared to an average trading volume of 3.38 million shares, DELL had a trading volume of 2,559,151 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Dell Technologies Inc. [DELL]?
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a DELL stock price target is $55.15 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on DELL stock is a set recommendation at 2.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Credit Suisse has made an appreciation for the shares of Dell Technologies Inc. , retaining their opinion of the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts held the previous recommendation, Goldman cut the target price from $68 to $61. The new price target note was released on April 01, 2022, which is the official target price for Dell Technologies Inc.’s stock. Previously, the price target saw another drop from $66 to $60, while Morgan Stanley maintained an equal weight rating on DELL stock.
The Average True Range (ATR) is set by Dell Technologies Inc. at 1.30, with the price-to-sales ratio for DELL stock in the past 12-month period at 0.26.
How has DELL stock been performing lately?
Dell Technologies Inc. [DELL] It fell into the red at the end of last week, fell in a negative direction and fell by -3.64. With this latest performance, DELL shares are down -22.71% over the past four-week period, as well as -31.03% over the past six months — not to mention a -27.86% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the DELL stock for the past two weeks was set at 30.36, with the RSI for the last one trading at 26.63, and the three-week RSI for Dell Technologies Inc. [DELL]. The current moving average for the last 50 trading days for this stock is 42.85 while it recorded at 37.16 for the last trading week, and 49.43 for the last 200 days.
Dell Technologies Inc. [DELL]: A deeper look into the basics
Dell Technologies Inc.’s liquidity data is Interesting too, with the quick ratio at 0.70 and the current ratio at 0.80.
Dell Technologies Inc. Earnings Analysis. [DELL]
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for DELL. When it comes to the stated value, analysts expect 5-year EPS growth to rise for Dell Technologies Inc. to 8.64%.
Business Insider Stands for Dell Technologies Inc. [DELL]
There are currently approximately $7,228 million, or 83.50% of DELL’s stock, in the hands of institutional investors. The three largest DELL shareholders are: BLACKROCK INC. With an ownership of 2,2323.797, which is approximately 8.697% of the company’s market capitalization and about 1.10% of the total institutional ownership; DODGE & COX, which owns 20,696.781 shares with an approximate value of $750.88 million in DELL stock; and VANGUARD GROUP INC., currently hold $610.24 million in DELL stock with ownership of approximately -3.876% of the company’s market capitalization.
Positions increased in Dell Technologies Inc. shares. held by institutional investors at the end of August and at the time of the report in August, as 356 institutional owners consolidated their positions in Dell Technologies Inc. [NYSE:DELL] About 23,464,861 shares. In addition, the number of 306 investors decreased by about 40,700,899 shares, while 141 investors occupied positions with 135,065,229 shares. The said changes put institutional holdings at 199,230,989 shares, according to the latest report from the Securities and Exchange Commission. DELL’s share had 107 new institutional investments with a total of 3,727,623 shares, while 97 institutional investors sold deals amounting to 18,681,720 shares during the same period.