Walt Disney Co (NYSE: DIS) has experienced a decline in its stock price by -2.68 compared to its previous closing price of 117.15. However, the company has seen a fall of -3.69% in its stock price over the last five trading days. Yahoo Finance reported 2024-04-14 that In 2023, many popular streaming services like Netflix (NFLX), Apple TV+ (AAPL), and Disney+ (DIS) raised their prices. According to a study from Deloitte, about 55% of Gen Z consumers would cancel their subscriptions to streaming services should the price increase by $5 a month.
Is It Worth Investing in Walt Disney Co (NYSE: DIS) Right Now?
Walt Disney Co (NYSE: DIS) has a price-to-earnings ratio of 70.03x that is above its average ratio. Additionally, the 36-month beta value for DIS is 1.39. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 12 rating it as “hold,” and 2 rating it as “sell.”
The public float for DIS is 1.83B and currently, short sellers hold a 1.07% ratio of that float. The average trading volume of DIS on April 15, 2024 was 12.47M shares.
DIS’s Market Performance
The stock of Walt Disney Co (DIS) has seen a -3.69% decrease in the past week, with a 1.34% rise in the past month, and a 27.46% gain in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.99% for DIS. The simple moving average for the last 20 days is -3.07% for DIS’s stock, with a simple moving average of 21.73% for the last 200 days.
Analysts’ Opinion of DIS
Many brokerage firms have already submitted their reports for DIS stocks, with JP Morgan repeating the rating for DIS by listing it as a “Overweight.” The predicted price for DIS in the upcoming period, according to JP Morgan is $140 based on the research report published on April 11, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see DIS reach a price target of $140, previously predicting the price at $120. The rating they have provided for DIS stocks is “Buy” according to the report published on March 27th, 2024.
Barclays gave a rating of “Overweight” to DIS, setting the target price at $135 in the report published on March 25th of the current year.
DIS Trading at 1.97% from the 50-Day Moving Average
After a stumble in the market that brought DIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.86% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.70% upper at present.
During the last 5 trading sessions, DIS fell by -3.69%, which changed the moving average for the period of 200-days by +28.01% in comparison to the 20-day moving average, which settled at $117.72. In addition, Walt Disney Co saw 26.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DIS starting from Coleman Sonia L, who sale 1,857 shares at the price of $121.92 back on Apr 01 ’24. After this action, Coleman Sonia L now owns 4,400 shares of Walt Disney Co, valued at $226,405 using the latest closing price.
WOODFORD BRENT, the EVP, Control, Fin Plan & Tax of Walt Disney Co, sale 4,792 shares at $112.50 during a trade that took place back on Feb 15 ’24, which means that WOODFORD BRENT is holding 38,493 shares at $539,087 based on the most recent closing price.
Stock Fundamentals for DIS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Walt Disney Co stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 3.03, with 1.49 for asset returns.
Based on Walt Disney Co (DIS), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 4.23.
Currently, EBITDA for the company is 15.24 billion with net debt to EBITDA at 2.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 6.3for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Walt Disney Co (DIS) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
