The Walt Disney Company (NYSE:DIS) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $176.89.
Actively observing the price movement in the last trading, the stock closed the session at $176.75, falling within a range of $175.32 and $177.90. The value of beta (5-year monthly) was 1.20. Referring to stock’s 52-week performance, its high was $203.02, and the low was $113.37. On the whole, DIS has fluctuated by 1.68% over the past month.
With the market capitalization of The Walt Disney Company currently standing at about $330.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 02, 2021 – Aug 06, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.56, which is expected to increase to $1.08 for fiscal year $2.35 and then to about $5 by fiscal year 2022. Data indicates that the EPS growth is expected to be 16.30% in 2022, while the next year’s EPS growth is forecast to be 112.80%.
Analysts have estimated the company’s revenue for the quarter at $16.8 billion, with a low estimate of $15.48 billion and a high estimate of $17.48 billion. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $67.72 billion, representing an increase of 3.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that DIS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
30 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 6 analyst(s), 21 recommend it as a Buy and 2 called the DIS stock Overweight. In the meantime, 1 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DIS currently trading nearly -0.25% and 0.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.80, while the 7-day volatility ratio is showing 2.30% which for the 30-day chart, stands at 2.06%. Furthermore, The Walt Disney Company (DIS)’s beta value is 1.20, and its average true range (ATR) is 3.82. The company’s stock has been forecasted to trade at an average price of $207.25 over the course of the next 52 weeks, with a low of $147.00 and a high of $230.00. Based on these price targets, the low is 16.9% off current price, whereas the price has to move -30.02% to reach the yearly target high. Additionally, analysts’ median price of $212.00 is likely to be welcomed by investors because it represents a decrease of -19.85% from the current levels.
A comparison of The Walt Disney Company (DIS) with its peers suggests the former has fared considerably weaker in the market. DIS showed an intraday change of 0.08% in last session, and over the past year, it grew by 49.12%%. In comparison, ViacomCBS Inc. (VIAC) has moved higher at 2.25% on the day and was up 68.43% over the past 12 months. On the other hand, the price of Discovery Inc. (DISCA) has risen 2.35% on the day. The stock, however, is off 37.23% from where it was a year ago. Additionally, there is a gain of 4.01% for AMC Networks Inc. (AMCX) in last trading while the stock has seen an overall depriciation of 130.96%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.82%. Meanwhile, the Dow Jones Industrial Improved by 0.83%.
Data on historical trading for The Walt Disney Company (NYSE:DIS) indicates that the trading volumes over the past 10 days have averaged 11.77 million and over the past 3 months, they’ve averaged 8.94 million. According to company’s latest data on outstanding shares, there are 1.82 billion shares outstanding.
Nearly 0.12% of The Walt Disney Company’s shares belong to company insiders and institutional investors own 66.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.98 million shares as on May 27, 2021, resulting in a short ratio of 2.27. According to the data, the short interest in The Walt Disney Company (DIS) stood at 1.21% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 21.51 million. The stock has fallen by -2.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DIS stock heading into the next quarter.