In yesterday’s Wall Street session, Dell Technologies Inc (NYSE:DELL) shares traded at $105.89, up 3.81% from the previous session.
DELL stock price is now -9.97% away from the 50-day moving average and -2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $74.90B.
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On August 30, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $155 to quote $128, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Michael S. Dell, Officer bought 10,000,000 shares of the company’s stock on Sep 06 ’24. The stock was bought for $1,090,600,000 at an average price of $109.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 16 ’24, Director Silver Lake Group, L.L.C. sold 25,381 shares of the business’s stock. A total of $3,411,664 was realized by selling the stock at an average price of $134.42. A total of 59.98% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $63.90 and a high of $179.70. According to the stock market information, the enterprise value for the company is $96635617280, which is based on a 19.47 price-to-earnings ratio, a 1.79 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for DELL is $116.9446 and a two-hundred day moving average price translates $109.0763 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for 2024-08-02. 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. For the current quarter, analysts expect DELL to generate $24.69B in revenue.
