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Discovery, Inc. (DISCA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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42.00+0.12 (+0.29%)
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Commodity Channel Index

Commodity Channel Index

Previous Close41.88
Open41.65
Bid41.82 x 800
Ask41.88 x 1100
Day's Range41.25 - 42.59
52 Week Range18.56 - 78.14
Volume14,390,398
Avg. Volume14,549,212
Market Cap18.703B
Beta (5Y Monthly)1.45
PE Ratio (TTM)29.60
EPS (TTM)1.42
Earnings DateMay 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est50.84
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Rattled Archegos Stocks Investable Again After $194 Billion Blow
    Bloomberg

    Rattled Archegos Stocks Investable Again After $194 Billion Blow

    (Bloomberg) -- The stocks that were hammered as collateral damage in the liquidation of Archegos Capital Management are seeing a silver lining from their slump: they’re becoming investable again.Companies including U.S. media conglomerates ViacomCBS Inc. and Discovery Inc., as well as apparel retailer Farfetch Ltd. saw a total of about $194 billion in market value erased as banks from New York to Zurich to Tokyo unwound leveraged equity bets by Archegos.At first, the forced selling in such a specific group of shares raised fears of potential undisclosed issues with the stocks, fueling even more losses. With that scenario now discarded, and with the dust from the Archegos blowup settling, analysts are saying investors should look at some of these names again.“Usually these dislocations where you get forced selling for non-fundamental reasons work out to be very good buying opportunities,” said Greg Taylor, chief investment officer at Toronto-based Purpose Investments. “The counter to that is having to figure out how much of the runup was due to the buying that shouldn’t have been there either. So you have balance that both out.”Read more: Block-Trade Bevy Wipes $35 Billion Off Stock Values in a DayTake ViacomCBS for example.Until late in March, the company was among the top performing stocks in the benchmark S&P 500 Index, alongside Discovery, boosted in part by optimism over its streaming strategy but also thanks to a massive play by Bill Hwang’s Archegos. The fund at one point amassed $10 billion worth of ViacomCBS shares and colossal positions in a few other companies.Read more: Bill Hwang Was a $20 Billion Whale, Then Lost It All in Two DaysSince Archegos’ blowup and after a 52% drop in ViacomCBS’s stock over the course of a week -- which in turn brought its valuation down by over 50% from a peak on March 22 -- at least six research firms have raised their ratings on the company, according to data compiled by Bloomberg.At Wolfe Research, analyst John Janedis said in a note that ViacomCBS shares are now a buy opportunity as the media company’s valuation appeared attractive after its selloff. He also pointed to its streaming business as a potential tailwind.A similar view is also behind Deustche Bank analyst Bryan Kraft‘s decision this week to raise Discovery’s 12-month forecast to $60 from $35. The company’s improved growth outlook warrants a higher valuation, he noted. Farfetch also got a “buy” recommendation from JPMorgan analyst Doug Anmuth on Thursday, who said the stock delivers a “compelling buying opportunity.”No BargainsWhile the stocks caught at the center of the Archegos crisis are definitely hurting, they aren’t exactly cheap. Their average price-to-earnings ratio -- a measure which indicates how expensive a company is -- is in line with the 10-year median, which signals how high valuations had gotten before the selloff. Aside from ViacomCBS, Discovery and Farfetch, Chinese companies like GSX Techedu Inc., Tencent Music Entertainment Group, Baidu Inc., VipShop Holdings Ltd. and IQiyi Inc. were also caught in the crosshairs of Archegos.Determining whether the selloff has turned a once-overvalued stock into a good buy will require some digging, said Barry Schwartz, chief investment officer at Baskin Wealth Management.“If you’ve studied the company and you understand the business and you see this price drop as overdone, then take that opportunity to buy their shares,” Schwartz said by phone. “If you haven’t done your homework and you’re thinking this is another GameStop situation, you’re going to be the sucker at the table.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Is It Too Late to Buy Discovery (DISCA) Stock?
    Insider Monkey

    Is It Too Late to Buy Discovery (DISCA) Stock?

    Del Principe O’Brien Financial Advisors recently released its March 2021 investor letter – a copy of which is available for download here. You should check out Del Principe O’Brien Financial Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021. In the Q4 2020 Investor Letter, […]

  • Archegos-linked stocks slide as markets eye more unwinding
    Reuters

    Archegos-linked stocks slide as markets eye more unwinding

    Archegos Capital Management’s ill-fated bets weighed on ViacomCBS, Discovery Inc and other media stocks on Monday, and at least one analyst said it remained unclear when banks exposed to the troubled family office would be done selling off their positions in the shares. Archegos, run by U.S. investor Sung Kook "Bill" Hwang, was caught on the wrong side of debt-laden bets on the stocks of these companies last month, forcing several Wall Street banks that acted as brokers to sell shares in the companies. Credit Suisse Group AG, which is expected to record billions of dollars in losses from its exposure to Archegos, is still unwinding its positions, a source familiar with the trades said on Monday.