The Walt Disney Company (NYSE:DIS) finished Thursday with an addition of $3.01 to close at $87.18, an upside of 3.58 percent. An average of 12,732,960 shares of common stock have been traded in the last five days. There was a gain of $0.26 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 13,910,976 shares traded, while the 50-day average volume stands at 15,716,906.
DIS stock has decreased by -7.93% in the last month. The company shares reached their 1-month lowest point of $84.07 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $84.07 and a high of $160.32 in 52 weeks. It has reached a new high 2 times so far this year and lost -43.71% or -$67.71 in price. In spite of this, the price is down -45.62% from the 52-week high.
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DIS stock investors should be aware that The Walt Disney Company (DIS) stock had its last reported insider trading activity 140 days ago 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.
The Walt Disney Company (DIS) has a trailing price-to-earnings (P/E) ratio of 49.87. The stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.89, the price-to-book (PB) ratio at 1.72, and the price-to-cash flow ratio at 100.94.
The quick ratio of The Walt Disney Company for the three months ended September 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 September 29. Its gross profit as reported stood at $28.32 billion compared to revenue of $82.72 billion.
For the three-month period that ended September 29, The Walt Disney Company had $45.3 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $159.0 million in the quarter, while revenues of $1.41 billion were shrunk -477.36%. The analyst consensus anticipated The Walt Disney Company’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.3, a -45.50% surprise. For the quarter, EBITDA amounted to $1.86 billion. Shareholders own equity worth $1.82 billion.
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 29 December was 41.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.13%.
As of today, DIS’s price is $86.48 +0.30% or $0.26 from its 5-day moving average. DIS is currently trading -10.92% lower than its 20-day SMA and -20.10% lower than its 100-day SMA. However, the stock’s current price level is -11.47% below the SMA50 and -35.04% below the SMA200.
The stochastic %K and %D were 12.44% and 15.88%, respectively, and the average true range (ATR) was 2.86. With the 14-day stochastic at 23.35% and the average true range at 2.98, the RSI (14) stands at 40.97%. The stock has reached -1.00 on the 9-day MACD Oscillator while the 14-day reading was at -3.35.
Morgan Stanley reiterated its an Overweight rating on The Walt Disney Company (NYSE: DIS), but raised their price target to $125, indicating a potential price increase of 30.26% for the stock. The consensus rating for The Walt Disney Company (DIS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DIS, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 22 others rate it as a “buy”.
What is DIS’s price target for the next 12 months?
Analysts predict a range of price targets between $94.00 and $145.00, with a median target of $120.00. Taking a look at these predictions, the average price target given by analysts for The Walt Disney Company (DIS) stock is $119.60.