DELL Stock Summary and Trading Ideas (Dell Technologies Class C Common | NYSE:DELL)

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.

Dell Technologies Class C Common trades on the NYSE stock market under the symbol DELL.

As of April 24, 2024, DELL stock price declined to $120.20 with 5,354,409 million shares trading.

DELL has a beta of 1.30, meaning it tends to be more sensitive to market movements. DELL has a correlation of 0.11 to the broad based SPY ETF.

DELL has a market cap of $85.80 billion. This is considered a Large Cap stock.

Last quarter Dell Technologies Class C Common reported $22 billion in Revenue and $2.20 earnings per share. This beat revenue expectation by $158 million and exceeded earnings estimates by $.47.

In the last 3 years, DELL stock traded as high as $136.16 and as low as $32.90.

The top ETF exchange traded funds that DELL belongs to (by Net Assets): VTI, VXF, VTV, VGT, SCHM.

DELL has outperformed the market in the last year with a price return of +185.7% while the SPY ETF gained +24.2%. DELL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +46.4% and -2.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

DELL support price is $116.81 and resistance is $124.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DELL stock will trade within this expected range on the day.