Delta Air Lines, Inc. (DAL) is an interesting player in the Services space, with a focus on Major Airlines. The stock has been active on the tape, currently trading at $56.59, up from yesterday’s close by 0.77%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Delta Air Lines, Inc. (DAL) currently trades with a market capitalization of $40.07 Billion. That value represents a market adjusting for revenues that have been growing by 8.32 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $846 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.77 on a per share basis this quarter. Perhaps, that suggests something about why 0.69% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how DAL has been acting. Looking at the stock’s movement on the chart, Delta Air Lines, Inc. recorded a 52-week high of $60.79. It is now trading 4.2% off that level. The stock is trading $55.14 its 50-day moving average by -1.45%. The stock carved out a 52-week low down at $43.81.
In recent action, Delta Air Lines, Inc. (DAL) has made a move of +8.72% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.05% with $705.02 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DAL.