Dell Technologies Inc. (NYSE: DELL) stock jumped 4.73% on Thursday to $48.08 against a previous-day closing price of $45.91. With 4.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.54 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $48.32 whereas the lowest price it dropped to was $46.56. The 52-week range on DELL shows that it touched its highest point at $52.60 and its lowest point at $32.90 during that stretch. It currently has a 1-year price target of $48.22. With its current market cap of 34.63 billion, DELL has annualized dividend of $1.48 while the current yield stands at 3.08%. Beta for the stock currently stands at 0.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DELL was up-trending over the past week, with a rise of 2.04%, but this was up by 15.38% over a month. Three-month performance surged to 15.55% while six-month performance rose 9.65%. The stock gained 17.61% in the past year, while it has gained 19.54% so far this year. A look at the trailing 12-month EPS for DELL yields 3.22 with Next year EPS estimates of 6.19. For the next quarter, that number is 1.16. This implies an EPS growth rate of -48.20% for this year and 16.96% for next year. EPS is expected to grow by 0.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.40%.
Float and Shares Shorts:
At present, 716.00 million DELL shares are outstanding with a float of 232.93 million shares on hand for trading. On Apr 27, 2023, short shares totaled 10.65 million, which was 1.46% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Saul Dell as the firm’s Chairman & CEO, Mr. Thomas W. Sweet serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 77.54% of DELL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.24% of DELL, in contrast to 30.29% held by mutual funds. Shares owned by individuals account for 23.23%. As the largest shareholder in DELL with 7.18% of the stake, Dodge & Cox holds 18,472,951 shares worth 18,472,951. A second-largest stockholder of DELL, The Vanguard Group, Inc., holds 16,067,939 shares, controlling over 6.24% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DELL, holding 12,239,612 shares or 4.76% stake. With a 5.04% stake in DELL, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 12,982,488 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.78% of DELL stock, is the second-largest Mutual Fund holder. It holds 7,141,087 shares valued at 310.57 million. Government Pension Fund – Global holds 1.05% of the stake in DELL, owning 2,700,993 shares worth 117.47 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Feb 02, 2023, DELL reported revenue of $26.12B and operating income of $1.55B. The EBITDA in the recently reported quarter was $1.55B and diluted EPS was $1.37.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DELL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DELL analysts setting a high price target of $55.00 and a low target of $37.00, the average target price over the next 12 months is $47.47. Based on these targets, DELL could surge 14.39% to reach the target high and fall by -23.04% to reach the target low. Reaching the average price target will result in a decline of -1.27% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DELL stock several times over the past three months with 16 Buys and 13 Sells. In these transactions, 2,091,335 shares were bought while 697,262 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 2,133,280 while 1,144,949 shares were sold.
