What Can Walt Disney Co (NYSE: DIS) Expect In 2024?

Walt Disney Co (NYSE:DIS) price on Wednesday, May 09, rose 0.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $105.44.

A look at the stock’s price movement, the close in the last trading session was $105.39. The PE ratio in trailing twelve months stood at 114.24. Turning to its 52-week performance, $123.74 and $78.73 were the 52-week high and 52-week low respectively. Overall, DIS moved -10.62% over the past month.

Walt Disney Co’s market cap currently stands at around $193.41 billion.

Analysts have a consensus estimate of 23.26B for the company’s revenue for the quarter, with a low and high estimate of 22.69B and 24B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 91.79B, representing a 3.20% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that DIS is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

The technical evaluation for the stock shows the PEG ratio is 6.08, with DIS’s current price about -6.69% and -7.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.04, while 7-day volatility ratio is 2.23% and 1.85% in the 30-day chart. Further, Walt Disney Co (DIS) has a beta value of 1.42, and an average true range (ATR) of 2.90.

If we refocus on Walt Disney Co (NYSE:DIS), historical trading data shows that trading volumes averaged 11.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.83 billion shares.

The 0.09% of Walt Disney Co’s shares are in the hands of company insiders while institutional holders own 67.01% of the company’s shares. Current price change has pushed the stock 16.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DIS stock continues to rise going into the next quarter.

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