During the recent session, Warner Bros. Discovery Inc. (NASDAQ:WBD)’s traded shares were 6.1 million, with the beta value of the company hitting 1.49. At the last check today, the stock’s price was $11.34, reflecting an intraday gain of 2.23% or $0.25. The 52-week high for the WBD share is $18.76, that puts it down -65.43 from that peak though still a striking 22.22% gain since the share price plummeted to a 52-week low of $8.82. The company’s market capitalization is $27.46B, and the average intraday trading volume over the past 10 days was 17.27 million shares, and the average trade volume was 17.85 million shares over the past three months.
Warner Bros. Discovery Inc. (WBD) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. WBD has a Sell rating from 1 analyst(s) out of 28 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 16 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.31.
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Warner Bros. Discovery Inc. (NASDAQ:WBD) trade information
Warner Bros. Discovery Inc. (WBD) registered a 2.23% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.23% in intraday trading to $11.34 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -7.07%, and it has moved by -13.39% in 30 days. Based on these gigs, the overall price performance for the year is -34.20%. The short interest in Warner Bros. Discovery Inc. (NASDAQ:WBD) is 80.41 million shares and it means that shorts have 4.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.18, which implies an increase of 43.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11.00 and $36.00 respectively. As a result, WBD is trading at a discount of -217.46% off the target high and 3.0% off the low.
Warner Bros. Discovery Inc. (WBD) estimates and forecasts
Statistics show that Warner Bros. Discovery Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Warner Bros. Discovery Inc. (WBD) shares have gone down -0.02% during the last six months, with a year-to-date growth rate less than the industry average at -173.91% against -12.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 67.00% this quarter and then jump 103.20% in the quarter after that. In the rating firms’ projections, revenue will increase 27.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $10.58 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $10.24 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $10.82 billion and $10.36 billion respectively. In this case, analysts expect current quarter sales to shrink by -2.20% and then drop by -1.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -40.40%. While earnings are projected to return -348.50% in 2023, the next five years will return 7.50% per annum.
Warner Bros. Discovery Inc. is due to release its next quarterly earnings between August 02 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Warner Bros. Discovery Inc. (NASDAQ:WBD)’s Major holders
Warner Bros. Discovery Inc. insiders own 9.21% of total outstanding shares while institutional holders control 60.05%, with the float percentage being 66.14%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,673 institutions own stock in it. As of Mar 30, 2023, the company held over 214.62 million shares (or 8.81% of all shares), a total value of $2.43 billion in shares.
The next largest institutional holding, with 163.4 million shares, is of Blackrock Inc.’s that is approximately 6.71% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $1.85 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Warner Bros. Discovery Inc. (WBD) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 66.43 million shares. This amounts to just over 2.73 percent of the company’s overall shares, with a $753.27 million market value. The same data shows that the other fund manager holds slightly less at 51.09 million, or about 2.10% of the stock, which is worth about $579.31 million.