In yesterday’s Wall Street session, Dell Technologies Inc (NYSE:DELL) shares traded at $139.57, down -0.82% from the previous session.
DELL stock price is now -0.64% away from the 50-day moving average and 39.01% away from the 200-day moving average. The market capitalization of the company currently stands at $98.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $105 to $155, TD Cowen maintained Hold rating for Dell Technologies Inc (NYSE: DELL). On May 29, 2024, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $130 to quote $180, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, SLTA IV (GP), L.L.C., Director sold 16,887 shares of the company’s stock on Jul 10 ’24. The stock was sold for $2,468,921 at an average price of $146.20. Upon completion of the transaction, the Director now directly owns 787,669 shares in the company, valued at $109.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10 ’24, Director SLTA V (GP), L.L.C. sold 16,887 shares of the business’s stock. A total of $2,468,921 was realized by selling the stock at an average price of $146.20. This leaves the insider owning 787,669 shares of the company worth $109.93 million. A total of 60.95% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $52.05 and a high of $179.70. According to the stock market information, the enterprise value for the company is $119324581888, which is based on a 28.51 price-to-earnings ratio, a 35.19 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for DELL is $140.7706 and a two-hundred day moving average price translates $100.7505 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for 2024-05-03. The company reported revenue of $22.24 billion for the quarter, compared to $20.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.32 percent.
