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5 Big Things To Know About Dell’s Stock Price One Month In

After one month on the New York Stock Exchange, CRN breaks down five key things you need to know about the Dell Technologies’ stock, market cap and investor outlook.

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Stagnant Stock

Dell Technologies debuted on the NYSE on Dec. 28 with a price of $46 per share. The DELL stock has basically hovered at around that price point ever since. The price reached a high of $48.87 on Dec. 31 but began to decrease through the middle of January, hitting a low of $42.62 on Jan. 16. However, the stock has been slowly trending upwards over the past week, reaching $47.22 as of Tuesday morning.

Analysts such as Citigroup’s Jim Suva say the market under-appreciates the ability for Dell to pay down its roughly $50 billion in debt stemming from its blockbuster acquisition of EMC, which includes $4.3 billion due in the second quarter of this year. “We believe Dell will be able to pay down the $4.3 billion debt due in 2Q 2019 via its cash flow and current cash and short-term investment,” Suva said in a note last week. “Following this action consensus will recalibrate its interest costs lower closer to our estimate which will all materially boost consensus EPS higher in [the second half] 2019 and beyond. Therefore, we encourage investors to build a position in Dell shares prior to mid-2019.”

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