Can the stock return to its former glory or is it due for another crash?

Disney has had turbulent years. The company has gone through loss-making streaming, regulatory disputes, and a 50% drop in stock from its highs. And just when things were looking bleak, signs of a turnaround began to emerge. Streaming platforms are finally profitable, theme park revenues are up, and movie studios are making money again. Is it time to get ready for Disney stock to rise?

Walt Disney is undergoing a major transformation of its business. For decades, it has symbolized the entertainment industry as a combination of movie studios, television networks and theme parks. But in recent years, it has faced a challenge that has forced it to rethink its entire business model. Streaming has changed the rules of the game and investments in this area have brought the company many painful years with huge losses.

The stock has lost almost half of its value in the last five years. From a high of $203 apiece in 2021, they have plunged to the $80 mark. They now trade around $104. Investors…