Dell Technologies Inc. (NYSE:DVMT) grew as high as $105.69 on Thursday before closing at $105.61. The 1.1 percent rally pushed its market cap to $21.16B. The shares went down as low as $103.45 before recovering. Trading activity significantly improved as the volume at ready counter increased to 4,796,397 shares versus 3,866,780 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,070,108 shares. The stock is now 62.58% above against its bear-market low of $64.96 on February 09, 2018. It has retreated -1.52% since it’s 52-week high of $107.22 reached in November. Now the market price is up 41.82% on the year and up 29.93% YTD.
DVMT’s 50 day simple moving average (SMA 50) price is $97.47 and its 200-day simple moving average (SMA 200) price is $87.84. The company’s stock currently has a total float of 199.31M shares. Its weekly volatility is hovering around 2.02% and felt 2.33% volatility in price over a month. On the upside, the share price will test short term resistance at around $106.38. On a downside, the stock is likely to find some support, which begins at $104.14. The failure to get near-term support could push it to $102.68.
Separately, it has been reported that multiple insider activity took place at Dell Technologies Inc. (DVMT). Pres., Infra. Solutions Group Goulden David I sold 4,700 shares for $16,055 in transaction occurred on 2018/01/17. After making this transaction, the Pres., Infra. Solutions Group owns a direct stake of 411,156 shares, worth $1,695,569, as per the last closing price. On 2018/01/08 Dell Michael S, CEO at DVMT, purchased 12,967 shares at an average price of $33.17 per share. The new stake is valued at $58,322,172.
Pres., Infra. Solutions Group, Goulden David I had divested 4,700 shares for $20,755 through a trade on 2017/12/28. Following this activity, the insider holds 380,371 shares worth $2,191,936 as of recent close. Wall Street’s most bullish Dell Technologies Inc. (NYSE:DVMT) analysts are predicting the share price to blow past $180 per share during the next 12 months. The current median share price forecast by them is $115, suggesting that the stock could increase 8.89% in that time frame. The average price target of $136.33 calls for a nearly 29.09% increase in the stock price.
It had seen a new analyst call from Wells Fargo, which initiated the stock at Outperform on February 28. Analysts at Deutsche Bank, started covering the stock on February 28 with a Buy rating. Analysts at Gabelli & Co, made their first call about the stock on January 31, recommending it is Buy.
Moreover, it trades for 16.16 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 9.45x price/book and 0.25x price/sales. Compared to others, Dell Technologies Inc. is in a different league with regards to profitability, having net margins of -3.2%. To put some perspective around this, the industry’s average net margin is -4.66%. DVMT’s ROE is -27.1%, which is also considerably worse than the industry’s ROE of 5.66%. It’s also not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 5.79.
Shares of Dell Technologies Inc. (DVMT) have dropped -1.5% since the company’s Jan-18 earnings report. Over the past 2 fiscal quarters, Dell Technologies Inc. (NYSE:DVMT) has topped consensus earnings estimates in 2 quarters (22%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. DVMT last reported earnings on November 29, 2018 when it released Apr-18 results that exceeded expectations. The company raked in $1.53 per share, -95.37% change on the same period last year. That was better than consensus for $1.15. Revenue for the recent quarter stood at $23.12 billion, up 18% on last year and above the $22.18 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $22.67 billion to $22.67 billion, which should be compared with $0 generated last year.