Delta Air Lines Inc. (NYSE:DAL) has a beta of 1.46. The stock’s Relative Strength Index (RSI) is 57.00, with weekly volatility at 2.25% and ATR at 1.33. The DAL stock’s 52-week price range has touched low of $24.37 and a $52.28 high. Its shares traded higher over the last trading session, gaining 0.04% on 06/01/21. The shares fell to a low of $47.43 before closing at $47.70. Intraday shares traded counted 11.92 million, which was 3.95% higher than its 30-day average trading volume of 12.41M. DAL’s previous close was $47.68 while the outstanding shares total 636.00M.
Investors have identified the Airlines company Delta Air Lines Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $30.75 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Delta Air Lines Inc. (DAL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For DAL, the company has in raw cash 8.46 billion on their books with 2.98 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 17.85 billion total, with 20.69 billion as their total liabilities.
DAL were able to record 253.0 million as free cash flow during the 07/15/2021 quarter of the year, this saw their quarterly net cash flow reduce by -159.0 million. In cash movements, the company had a total of 691.0 million as operating cash flow.
Potential earnings growth for Delta Air Lines Inc. (DAL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/15/2021 quarter of the year, Delta Air Lines Inc. recorded a total of 4.15 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -107.04% coming in sequential stages and their sales for the 07/15/2021 quarter increasing by 4.27%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4.75 billion trying to sell their products during the last quarter, with the result yielding a gross income of -597.0 million. This allows shareholders to hold on to 636.00M with the recently reported earning now reading -1.85 cents per share. This is a figure that compared to analyst’s prediction for their 07/15/2021 (-3.55 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DAL sounds very interesting.
Is the stock of DAL attractive?
In related news, Director, HUERTA MICHAEL P bought 500 shares of the company’s stock in a transaction that recorded on May 19. The purchase was performed at an average price of 46.08, for a total value of 23,039. As the purchase deal closes, the EVP & Chief Info Officer, Samant Rahul D now sold 6,591 shares of the company’s stock, valued at 313,475. Also, EVP – Global Sales, Sear Steven M sold 13,000 shares of the company’s stock in a deal that was recorded on Feb 25. The shares were cost at an average price of 47.87 per share, with a total market value of 622,336. Following this completion of disposal, the EVP & Chief People Officer, Smith Joanne D now holds 6,200 shares of the company’s stock, valued at 299,491. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
9 out of 21 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Delta Air Lines Inc.. 1 analysts has assigned a Sell rating on the DAL stock. The 12-month mean consensus price target for the company’s shares has been set at $55.12.