In today’s recent session, 5.16 million shares of the Warner Bros. Discovery Inc (NASDAQ:WBD) have been traded, and its beta is 1.50. Most recently the company’s share price was $7.69, and it changed around $0.12 or 1.65% from the last close, which brings the market valuation of the company to $18.85B. WBD at last check was trading at a discount to its 52-week high of $14.76, offering almost -91.94% off that amount. The share price’s 52-week low was $6.94, which indicates that the recent value has risen by an impressive 9.75% since then. We note from Warner Bros. Discovery Inc’s average daily trading volume that its 10-day average is 31.95 million shares, with the 3-month average coming to 29.54 million.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD has been showing a green trend so far today with a performance of 1.65% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.64 on recent trading dayincreased the stock’s daily price by 11.0%. The company’s shares are currently down -32.38% year-to-date, but still down -11.05% over the last five days. On the other hand, Warner Bros. Discovery Inc (NASDAQ:WBD) is 4.83% up in the 30-day period. We can see from the shorts that 133.02 million shares have been sold at a short interest cover period of 5.32 day(s).
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The consensus price target as assigned by Wall Street analysts is $14.5, which translates to bulls needing to increase their stock price by 46.97% from its current value. Analyst projections state that WBD is forecast to be at a low of $5 and a high of $45.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Warner Bros. Discovery Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.59 percent over the past six months and at a 65.63% annual growth rate that is well above the industry average of 24.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 56.90% in revenue this quarter, and will report an increase of 94.10% in the next quarter. The year-over-year growth rate is expected to be -1.30%, down from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 10.07B in revenue for the current quarter. 20 analysts expect Warner Bros. Discovery Inc to make 10.01B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 10.44B and 9.98B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.50%. Forecasts for the next quarter put sales growth at 0.30%.
WBD Dividends
Warner Bros. Discovery Inc’s next quarterly earnings report is expected to be released on 2024-Aug-07.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.25% of Warner Bros. Discovery Inc shares, and 64.16% of them are in the hands of institutional investors. The stock currently has a share float of 70.70%. Warner Bros. Discovery Inc stock is held by 1604.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 10.0792% of the shares, which is about 245.53 million shares worth $2.14 billion.
BLACKROCK INC., with 6.4707% or 157.63 million shares worth $1.38 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.
