Discovery Inc. [NASDAQ: DISCA] closed the trading session at $29.09 on 08/02/21. The day’s price range saw the stock hit a low of $28.93, while the highest price level was $29.59. The company report on July 20, 2021 that Discovery To Report Second-Quarter 2021 Results On Tuesday, August 3.
Discovery (Nasdaq: DISCA, DISCB, DISCK) announced that it will report its second-quarter 2021 results on Tuesday, August 3, 2021, at 7:00 a.m. ET. The Company will host a conference call at 8:00 a.m. ET that same day to discuss the results. A link to the live audio webcast of the conference call will be available in the “Investor Relations” section of Discovery’s website at https://corporate.discovery.com/.
A replay of the call will be available approximately two hours after the completion of the call until August 10, 2021. The replay can be accessed by phone by dialing 800-585-8367 or 416-621-4642 using conference ID 8782436. A replay of the audio webcast will also be available in the “Investor Relations” section of Discovery’s website.
The stocks have a year to date performance of -3.32 percent and weekly performance of -0.85 percent. The stock has been moved at -30.94 percent over the last six months. The stock has performed -6.76 percent around the most recent 30 days and changed -19.46 percent over the most recent 3-months.
If compared to the average trading volume of 9.31M shares, DISCA reached to a volume of 4096456 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Discovery Inc. [DISCA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DISCA shares is $43.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DISCA stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
MoffettNathanson have made an estimate for Discovery Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 24, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $40 to $44. The new note on the price target was released on May 17, 2021, representing the official price target for Discovery Inc. stock. Previously, the target price had yet another raise from $34 to $35, while Barclays kept a Equal Weight rating on DISCA stock. On April 30, 2021, analysts decreased their price target for DISCA shares from 52 to 40.
The Average True Range (ATR) for Discovery Inc. is set at 1.16, with the Price to Sales ratio for DISCA stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 3.95. Price to Free Cash Flow for DISCA in the course of the last twelve months was 6.47 with Quick ratio for the last quarter at 1.90.
DISCA stock trade performance evaluation
Discovery Inc. [DISCA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.85. With this latest performance, DISCA shares dropped by -6.76% in over the last four-week period, additionally sinking by -30.94% over the last 6 months – not to mention a rise of 37.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DISCA stock in for the last two-week period is set at 46.75, with the RSI for the last a single of trading hit 49.02, and the three-weeks RSI is set at 44.24 for Discovery Inc. [DISCA]. The present Moving Average for the last 50 days of trading for this stock 30.06, while it was recorded at 29.30 for the last single week of trading, and 36.12 for the last 200 days.
Discovery Inc. [DISCA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Discovery Inc. [DISCA] shares currently have an operating margin of +25.35 and a Gross Margin at +50.93. Discovery Inc.’s Net Margin is presently recorded at +11.46.
Return on Total Capital for DISCA is now 9.46, given the latest momentum, and Return on Invested Capital for the company is 4.70. Return on Equity for this stock inclined to 11.98, with Return on Assets sitting at 3.59. When it comes to the capital structure of this company, Discovery Inc. [DISCA] has a Total Debt to Total Equity ratio set at 155.85. Additionally, DISCA Total Debt to Total Capital is recorded at 60.91, with Total Debt to Total Assets ending up at 47.84. Long-Term Debt to Equity for the company is recorded at 151.42, with the Long-Term Debt to Total Capital now at 59.18.
Reflecting on the efficiency of the workforce at the company, Discovery Inc. [DISCA] managed to generate an average of $124,388 per employee. Receivables Turnover for the company is 4.12 with a Total Asset Turnover recorded at a value of 0.31.Discovery Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Discovery Inc. [DISCA] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DISCA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Discovery Inc. go to 11.55%.
Discovery Inc. [DISCA]: Insider Ownership positions
There are presently around $5,959 million, in the hands of institutional investors. The top three institutional holders of DISCA stocks are: VANGUARD GROUP INC with ownership of 16,852,002, which is approximately -5.567% of the company’s market cap and around 2.80% of the total institutional ownership; BLACKROCK INC., holding 12,043,608 shares of the stock with an approximate value of $350.35 million in DISCA stocks shares; and JPMORGAN CHASE & CO, currently with $343.66 million in DISCA stock with ownership of nearly 39.812% of the company’s market capitalization.
Positions in Discovery Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 326 institutional holders increased their position in Discovery Inc. [NASDAQ:DISCA] by around 65,031,683 shares. Additionally, 328 investors decreased positions by around 79,354,137 shares, while 68 investors held positions by with 60,460,731 shares. The mentioned changes placed institutional holdings at 204,846,551 shares, according to the latest SEC report filing. DISCA stock had 164 new institutional investments in for a total of 18,408,478 shares, while 100 institutional investors sold positions of 18,334,877 shares during the same period.