Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Delta Air Lines, Inc. before investing.

In this article, we go over a few key elements for understanding Delta Air Lines, Inc.’s stock price such as:

• Delta Air Lines, Inc.’s current stock price and volume
• Why Delta Air Lines, Inc.’s stock price changed recently
• Upgrades and downgrades for DAL from analysts
• DAL’s stock price momentum as measured by its relative strength

About Delta Air Lines, Inc. (DAL)

Before we jump into Delta Air Lines, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company has hubs and markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo. Its segments include Airline and Refinery. Its airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and includes its loyalty program, as well as other ancillary businesses. Its refinery segment operates for the benefit of the airline segment by providing jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third parties. The refinery's production consists of jet fuel, as well as non-jet fuel products.

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Delta Air Lines, Inc.’s Stock Price as of Market Close

As of August 05, 2024, 4:00 PM, CST, Delta Air Lines, Inc.’s stock price was $37.93.

Delta Air Lines, Inc. is down 4.77% from its previous closing price of $39.83.

During the last market session, Delta Air Lines, Inc.’s stock traded between $39.59 and $40.69. Currently, there are 641.00 million shares of Delta Air Lines, Inc. stock available for purchase.

Delta Air Lines, Inc.’s price-earnings (P/E) ratio is currently at 5.7, which is low compared to the Airlines industry median of 6.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Delta Air Lines, Inc. Stock Price History

Delta Air Lines, Inc.’s (DAL) price is currently down 11.83% so far this month.

During the month of August, Delta Air Lines, Inc.’s stock price has reached a high of $43.38 and a low of $37.30.

Over the last year, Delta Air Lines, Inc. has hit prices as high as $53.86 and as low as $30.60. Year to date, Delta Air Lines, Inc.’s stock is up 15.43%.

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What Caused Delta Air Lines, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 02, 2024, there were 15 analysts who downgraded Delta Air Lines, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Delta Air Lines, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Delta Air Lines, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Delta Air Lines, Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Delta Air Lines, Inc. (DAL) by visiting AAII Stock Evaluator.

Relative Price Strength of Delta Air Lines, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 02, 2024, Delta Air Lines, Inc. has a weighted four-quarter relative price strength of -8.50%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Delta Air Lines, Inc. Stock Price: Bottom Line

As of August 5, 2024, Delta Air Lines, Inc.’s stock price is $37.93, which is down 4.77% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Delta Air Lines, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.