Technicals Say The Walt Disney Company (DIS) Is A Hold

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The Walt Disney Company (NYSE:DIS) finished Thursday with a subtraction of -$2.33 to close at $102.16, a downside of -2.23 percent. An average of 10,329,040 shares of common stock have been traded in the last five days. There was a fall of -$8.61 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 8,868,915 shares traded, while the 50-day average volume stands at 11,140,576.

DIS stock has decreased by -11.06% in the last month. The company shares reached their 1-month lowest point of $102.02 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $90.23 and a high of $179.63 in 52 weeks. It has reached a new high 2 times so far this year and lost -34.04% or -$52.73 in price. In spite of this, the price is down -43.13% from the 52-week high.


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Insider Transactions

42 days have passed since The Walt Disney Company (DIS) last reported insider trading activity. WOODFORD BRENT, who is EVP, Control, Fin Plan & Tax, most recently acquired $3,000 shares at $119.03 per share on Aug 12. In this transaction, the insider spent $357,090. EVP, Control, Fin Plan & Tax, WOODFORD BRENT, disposed of 226 shares at a price of $132.50 on Mar 10. The insider now owns more than $29,945 worth of shares. Prior to that, SEVP & Chief Financial Officer McCarthy Christine M went on to Sale 15,342 shares at $151.54 each on Jan 18. An amount of $2,324,927 was transacted.

Valuation Metrics

The Walt Disney Company (DIS) has a trailing price-to-earnings (P/E) ratio of 58.48. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.35, the price-to-book (PB) ratio at 2.01, and the price-to-cash flow ratio at 156.73.

Financial Health

The quick ratio of The Walt Disney Company for the three months ended June 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.56 for the quarter ending June 29. The Walt Disney Company’s EBITDA margin for the year ending June 29 is 13.01%, while its operating margin for the same period stands at 8.10%. Its gross profit as reported stood at $22.29 billion compared to revenue of $67.42 billion.

Earnings Surprise

For the three-month period that ended June 29, The Walt Disney Company had $46.02 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.41 billion in the quarter, while revenues were grew 36.05%. The analyst consensus anticipated The Walt Disney Company’s latest quarter earnings to come in at $1.01 per share, but it turned out to be $1.09, a 7.90% surprise. For the quarter, EBITDA amounted to $3.68 billion. Shareholders own equity worth $1.82 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Walt Disney Company (DIS) price momentum. RSI 9-day as of the close on 22 September was 24.98%, suggesting the stock is oversold, with historical volatility in this time frame at 24.76%.

As of today, DIS’s price is $106.33 -7.77% or -$8.61 from its 5-day moving average. DIS is currently trading -12.24% lower than its 20-day SMA and -8.48% lower than its 100-day SMA. However, the stock’s current price level is +9.92% above the SMA50 and -32.06% below the SMA200.

The stochastic %K and %D were 9.52% and 12.05%, respectively, and the average true range (ATR) was 3.06. With the 14-day stochastic at 0.91% and the average true range at 3.10, the RSI (14) stands at 32.97%. The stock has reached -4.49 on the 9-day MACD Oscillator while the 14-day reading was at -5.58.

Analyst Ratings

Guggenheim upgraded The Walt Disney Company (NYSE: DIS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

What is DIS’s price target for the next 12 months?

Analysts predict a range of price targets between $120.00 and $160.00, with a median target of $140.00. Taking a look at these predictions, the average price target given by analysts for The Walt Disney Company (DIS) stock is $139.56.

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