Discovery Inc. (NASDAQ:DISCA) saw a downside of -1.59% to $24.77 after subtracting -$0.4 on Tuesday. The 5-day average trading volume is 4,874,848 shares of the company’s common stock. It has gained $26.99 in the past week. An average of 5,612,502 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,098,891.
DISCA’s 1-month performance is -3.75% or -$1.28 on its low of $24.78 reached on 10/12/21. The company’s shares have touched a 52-week low of $19.07 and high of $78.14, with the stock’s rally to the 52-week high happening on 03/19/21. YTD, DISCA has lost -16.35% or -$5.22. However, the current price is down -68.30%% from the 52-week high price.
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On Jun 21, 113 days have gone by since the last insider trading activity for Discovery Inc. (DISCA). MALONE JOHN C (Director) most recently sold 6,768 shares at $29.15 per share on Jun 21. This transaction cost the insider $197,287. Director, MALONE JOHN C, sold 280,161 shares at a price of $29.41 on Jun 04. Then, on Jun 03, Director MALONE JOHN C sold 124,839 shares at a price of $29.68 per share. This transaction amounted to $3,705,222.
The company’s PE ratio for the last five years has touched a high of 42.69 and a low of 6.331. DISCA stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.13 while the price-to-book (PB) in the most recent quarter is 1.10, with the price to cash flow ratio at 5.90.
Discovery Inc.’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 1.90 meaning that DISCA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.25, while the total debt to equity was 1.30. In terms of profitability, the gross margin trailing 12 months is 63.60%. The trailing 12-month EBITDA margin is 38.12% while for the period ending June 29; Discovery Inc.’s operating margin was 19.20%. The firm’s gross profit as reported stood at $6.81 billion against revenue of $10.67 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DISCA to announce $0.86 per share in earnings in its latest quarter, but it posted $0.89, representing a 3.50% surprise. EBITDA for the quarter stood at more than $1.89 billion. DISCA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.62 billion, with total debt at $15.05 billion. Shareholders hold equity totaling $505.75 million
Let’s look briefly at Discovery Inc. (DISCA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 35.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.02%.
The stock’s 5-day moving average is $25.65, reflecting a -4.89% or -$1.28 change from its current price. DISCA is currently trading -5.29% above its 20-day SMA, -21.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -14.51% and -12.95% respectively.
Stochastic %K and %D was 22.43% and 42.59% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 38.19%, while the 14-day stochastic is at 4.07% with the period’s ATR at 0.87. The stock’s 9-day MACD Oscillator is pointing at -0.37 and -0.34 on the 14-day charts.
In the most recent analyst report for Discovery Inc. (NASDAQ: DISCA), MoffettNathanson downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for DISCA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DISCA as a “sell,”, while 17 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is DISCA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $61.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Discovery Inc. (DISCA) stock is $37.89.