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Warner Bros. Discovery Inc. (NASDAQ: WBD) Loss Of -5.83 Percent Over The Past 30 Days: Any Trouble To Come?

Warner Bros. Discovery Inc. (NASDAQ:WBD)’s traded shares stood at 6.8 million during the latest session, with the company’s beta value hitting 1.49. At the last check today, the stock’s price was $14.45, to imply an increase of 2.08% or $0.29 in intraday trading. The WBD share’s 52-week high remains $27.66, putting it -91.42% down since that peak but still an impressive 38.96% since price per share fell to its 52-week low of $8.82. The company has a valuation of $35.42B, with an average of 16.25 million shares in intraday trading volume over the past 10 days and average of 22.38 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Warner Bros. Discovery Inc. (WBD), translating to a mean rating of 2.40. Of 27 analyst(s) looking at the stock, 1 analyst(s) give WBD a Sell rating. 1 of those analysts rate the stock as Overweight while 11 advise Hold as 14 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.01.

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Warner Bros. Discovery Inc. (NASDAQ:WBD) trade information

After registering a 2.08% upside in the latest session, Warner Bros. Discovery Inc. (WBD) has traded red over the past five days. The stock hit a weekly high of 14.84 this Thursday, 03/16/23, jumping 2.08% in its intraday price action. The 5-day price performance for the stock is 0.73%, and -5.83% over 30 days. With these gigs, the year-to-date price performance is 52.48%. Short interest in Warner Bros. Discovery Inc. (NASDAQ:WBD) saw shorts transact 77.86 million shares and set a 3.01 days time to cover.

Analysts on Wall Street suggest a consensus price target of $20.55, implying an increase of 29.68% to the stock’s recent value. The extremes give us $11.00 and $36.00 for target low and target high price respectively. As such, WBD has been trading -149.13% off suggested target high and 23.88% from its likely low.

Warner Bros. Discovery Inc. (WBD) estimates and forecasts

Looking at statistics comparing Warner Bros. Discovery Inc. share performance against respective industry, we note that the company has outperformed competitors. Warner Bros. Discovery Inc. (WBD) shares are 9.76% up over the last 6 months, with its year-to-date growth rate higher than industry average at 141.30% against -11.90%. Revenue is forecast to grow 97.70% this quarter before jumping 81.90% for the next one. The rating firms project that company’s revenue will grow 29.70% compared to the previous financial year.

Revenue forecast for the current quarter as set by 17 analysts is $10.83 billion. Meanwhile, for the quarter ending Jun 2023, a total of 15 analyst(s) estimate revenue growth to $10.87 billion.Earnings reports from the last fiscal year show that sales brought in $3.16 billion and $10.82 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 242.80% before jumping 0.40% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -40.40% for the past 5-year period. While 2023 is set for a -348.50% return in earnings, projections for the next 5 years are at 7.50% annually.

WBD Dividends

Warner Bros. Discovery Inc. has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Warner Bros. Discovery Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Warner Bros. Discovery Inc. (NASDAQ:WBD)’s Major holders

Warner Bros. Discovery Inc. insiders hold 9.22% of total outstanding shares, with institutional holders owning 59.76% of the shares at 65.83% float percentage. In total, 59.76% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 213.07 million shares (or 8.77% of shares), all amounting to roughly $3.06 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 164.25 million shares, or about 6.76% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $2.36 billion.

We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Warner Bros. Discovery Inc. (WBD) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 65.23 million shares. This is just over 2.69% of the total shares, with a market valuation of $937.65 million. Data from the same date shows that the other fund manager holds a little less at 50.08 million, or 2.06% of the shares, all valued at about 719.9 million.

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