Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Delta Air Lines, Inc.’s current trading price is -26.72% away from its 52-week high, while its distance from the 52-week low is 19.28%. The stock’s price range during this period has varied between $30.60 and $49.81. The company, active in the Industrials sector, saw a trading volume of around 7.78 million for the day, considerably lower average daily volume of 9.32 million observed over the last three months.
Delta Air Lines, Inc. (DAL) has a current stock price of $36.50. During the previous trading session, the stock witnessed a notable rise, reaching a high of $36.595 after opening at $35.95. The stock’s low for the day was $35.72, and it eventually closed at $36.06.
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The stock market performance of Delta Air Lines, Inc. has been very steady. Over the last year, the company’s stock hit its highest at $49.81 on 07/13/23, while the lowest price during the same time frame was $30.60, recorded on 10/27/23.
How Financial Performance Impacts Market Capitalization
Delta Air Lines, Inc. (DAL) has experienced a quarterly decline of -12.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.49B and boasts a workforce of 95000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.06, with a change in price of -9.81. Similarly, Delta Air Lines, Inc. recorded 9,520,019 in trading volume during the last 100 days, posting a change of -21.18%.
How DAL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for DAL stands at 2.90. Similarly, the long-term debt-to-equity ratio is also 2.61.
DAL Stock Stochastic Average
As of today, the raw stochastic average of Delta Air Lines, Inc. over the past 50 days is 55.40%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 98.42%. Additionally, the Stochastic %K and %D values for the company were 91.79% and 89.67%, respectively, over the past 20 days.
DAL Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 11.08% this year. Over the last six months, there has been a weaker performance of 2.93%. The price of DAL fallen by 13.25% during the last 30 days period. For the last 5-days stocks have improved 6.82%.
