Home
News
- 1 DIS stock price has been under a bearish trend for a very long period of time.
- 2 The bearishness of DIS stock price may take its price near to its 52-week low.
Walt Disney (DIS) stock price has been under a bearish trend for over a year now, with the price declining by over 8%. Also, the year-to-date (YTD) price also showed a 0.38% decline. Due to the decline in its price, DIS stock price formed a downside graph.
DIS Stock Price Analysis
On July 7, 2023, Friday’s trading session, by showing over 7% drop, DIS stock price closed at $88.64. Meanwhile, its opening in Friday’s trading session was $88.31, while the high was $89.73. Whereas, the low was $88.08. As the stock price has noted its 52-week low at $84.07 late last year, while the most recent performance of stock was near its 52-week low.
If the bearish trend continues, DIS stock price may soon trade near its 52-week low.
As the above price chart shows, around the weekend, the bulls have shown their dominance which is still not able to take Disney stock price to surpass its 20-day moving average. However, this week, active bulls tried to raise the price which eventually made 0.61% of weekly decline.
The RSI of DIS stock price is clearly moving downwards indicating bearish pressure.
According to analysts, they have set their 1-year price target at $116.52. While their maximum estimate is at $147.00, the minimum estimate is at $65.00.
Walt Disney Co. Financial Reports
Walt Disney Co. (NYSE: DIS), a mass media company, has nearly $161.97 Billion in market cap. The earnings per share (EPS) for second quarter (Q2) 2023 are $0.93 whereas the estimation was the same. The revenue for the same period amounts to $21.82 Billion despite the estimated figure of $21.79 Billion. Estimated EPS for the next quarter are $1.06, and revenue is expected to reach $22.60 Billion.
The revenue for last year amounted to $82.72 Billion, out of which, nearly $55.04 Billion came from its highest performing source – Disney Media and Entertainment Distribution. Notably, most of the contribution to the revenue figure was made from the Americas which last year accounted for it to $68.22 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
