Warner Bros. Discovery Inc (NASDAQ:WBD)’s traded shares stood at 2.27 million during the latest session, with the company’s beta value hitting 1.49. At the last check today, the stock’s price was $7.78, to imply a decrease of -2.40% or -$0.19 in intraday trading. The WBD share’s 52-week high remains $12.70, putting it -63.24% down since that peak but still an impressive 14.65% since price per share fell to its 52-week low of $6.64. The company has a valuation of $19.07B, with an average of 27.1 million shares in intraday trading volume over the past 10 days and average of 32.49 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Warner Bros. Discovery Inc (WBD), translating to a mean rating of 2.30. Of 20 analyst(s) looking at the stock, 1 analyst(s) give WBD a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 13 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 -0.06.
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Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
After registering a -2.40% downside in the latest session, Warner Bros. Discovery Inc (WBD) has traded red over the past five days. The 5-day price performance for the stock is -6.28%, and 6.27% over 30 days. With these gigs, the year-to-date price performance is -31.65%. Short interest in Warner Bros. Discovery Inc (NASDAQ:WBD) saw shorts transact 101.75 million shares and set a 3.03 days time to cover.
The extremes give us $5 and $45 for target low and target high price respectively. As such, WBD has been trading -478.41% off suggested target high and 35.73% 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 underperformed competitors. Warner Bros. Discovery Inc (WBD) shares are -7.84% down over the last 6 months, with its year-to-date growth rate lower than industry average at -249.22% against 7.80%. Revenue is forecast to grow 64.70% this quarter before jumping 118.80% for the next one. The rating firms project that company’s revenue will shrink -2.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 22 analysts is 9.88B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 10.58B.Earnings reports from the last fiscal year show that sales brought in 9.98B and 10.28B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.90% before jumping 2.80% in the following quarter.
WBD Dividends
Warner Bros. Discovery Inc has its next earnings report out on 2024-Nov-07. 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 (NASDAQ:WBD)’s Major holders
Warner Bros. Discovery Inc insiders hold 9.24% of total outstanding shares, with institutional holders owning 63.28% of the shares at 69.72% float percentage. In total, 63.28% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 248.57 million shares (or 10.1749% of shares), all amounting to roughly $1.85 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 165.19 million shares, or about 6.7618% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.23 billion.
We also have Vanguard Total Stock Market Index Fund and SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF as the top two Mutual Funds with the largest holdings of the Warner Bros. Discovery Inc (WBD) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 69.92 shares. This is just over 2.85% of the total shares, with a market valuation of $542.21 million. Data from the same date shows that the other fund manager holds a little less at 59.08, or 2.41% of the shares, all valued at about 458.13 million.
