Walt Disney Co (NYSE:DIS) shares, rose in value on Friday, April 05, with the stock price up by 0.89% to the previous day’s close as strong demand from buyers drove the stock to $118.13.
Actively observing the price movement in the recent trading, the stock is buoying the session at $117.09. The value of beta (5-year monthly) is 1.41 whereas the PE ratio is 72.56 over 12-month period. Referring to stock’s 52-week performance, its high was $123.74, and the low was $78.73. On the whole, DIS has fluctuated by 7.33% over the past month.
With the market capitalization of Walt Disney Co currently standing at about $216.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 0.25%. 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 $1.01, which is expected to increase to $1.26 for fiscal year $4.32 and then to about $5.08 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.90% in 2025, while the next year’s EPS growth is forecast to be 17.60%.
Analysts have estimated the company’s revenue for the quarter at $20.35 billion, with a low estimate of $19.99 billion and a high estimate of $20.74 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $84.66 billion, representing a decrease of -4.80% 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 2 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 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.97, with the price of DIS currently trading nearly 1.74% and 7.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.14, while the 7-day volatility ratio is showing 2.70% which for the 30-day chart, stands at 2.10%. Furthermore, Walt Disney Co (DIS)’s beta value is 1.39, and its average true range (ATR) is 2.52.
A comparison of Walt Disney Co (DIS) with its peers suggests the former has fared considerably weaker in the market. DIS showed an intraday change of 0.89% in today’s session so far, and over the past year, it grew by 18.64%%.
Data on historical trading for Walt Disney Co (NYSE:DIS) indicates that the trading volumes over the past 10 days have averaged 12.78 million and over the past 3 months, they’ve averaged 12.79 million. According to company’s latest data on outstanding shares, there are 1.83 billion shares outstanding.
Nearly 0.07% of Walt Disney Co’s shares belong to company insiders and institutional investors own 66.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.65 million shares as on Mar 15, 2024, resulting in a short ratio of 1.82. According to the data, the short interest in Walt Disney Co (DIS) stood at 1.02% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 17.68 million. The stock has risen by 30.83% 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.
