Delta Air Lines, Inc. (NYSE: DAL) is -0.27% lower on its value in year-to-date trading and has touched a low of $30.60 and a high of $53.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DAL stock was last observed hovering at around $40.47 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $40.12, the stock is -1.59% and -10.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing -0.86% at the moment leaves the stock -7.74% off its SMA200. DAL registered -3.30% loss for a year compared to 6-month gain of -1.18%.
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The stock witnessed a -8.46% loss in the last 1 month and extending the period to 3 months gives it a -24.29%, and is 1.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.75% over the month.
Delta Air Lines, Inc. (DAL) has around 100000 employees, a market worth around $25.89B and $60.12B in sales. Current P/E ratio is 5.77 and Fwd P/E is 5.48. Profit margin for the company is 7.46%. Distance from 52-week low is 31.11% and -25.51% from its 52-week high. The company has generated returns on investments over the last 12 months (13.41%).
with sales reaching $14.84B over the same period.The EPS is expected to shrink by -1.81% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.
Delta Air Lines, Inc. (DAL) Top Institutional Holders
1446.0 institutions hold shares in Delta Air Lines, Inc. (DAL), with institutional investors hold 78.24% of the company’s shares. The shares outstanding are 643.45M, and float is at 642.86M with Short Float at 4.75%. Institutions hold 78.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 71.55 million shares valued at $3.43 billion. The investor’s holdings represent 11.1795 of the DAL Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 43.04 million shares valued at $2.06 billion to account for 6.7248 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 22.57 million shares representing 3.5262 and valued at over $1.08 billion, while STATE STREET CORP holds 3.4667 of the shares totaling 22.19 million with a market value of $1.06 billion.
Delta Air Lines, Inc. (DAL) Insider Activity
The most recent transaction is an insider purchase by Chiang Willie CW, the company’s Director. SEC filings show that Chiang Willie CW bought 10,000 shares of the company’s common stock on Jul 12 ’24 at a price of $43.90 per share for a total of $0.44 million. Following the purchase, the insider now owns 20000.0 shares.
Delta Air Lines, Inc. disclosed in a document filed with the SEC on May 08 ’24 that Smith Joanne D (EVP & Chief People Officer) sold a total of 4,846 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $52.30 per share for $0.25 million. Following the transaction, the insider now directly holds 0.11 million shares of the DAL stock.
Still, SEC filings show that on May 01 ’24, Chiang Willie CW (Director) acquired 10,000 shares at an average price of $49.50 for $0.49 million. The insider now directly holds 10,000 shares of Delta Air Lines, Inc. (DAL).
