In today’s recent session, 4.61 million shares of the Warner Bros. Discovery Inc (NASDAQ:WBD) have been traded, and its beta is 1.49. Most recently the company’s share price was $7.80, and it changed around $0.25 or 3.25% from the last close, which brings the market valuation of the company to $19.11B. WBD at last check was trading at a discount to its 52-week high of $12.70, offering almost -62.82% off that amount. The share price’s 52-week low was $6.64, which indicates that the recent value has risen by an impressive 14.87% since then. We note from Warner Bros. Discovery Inc’s average daily trading volume that its 10-day average is 20.97 million shares, with the 3-month average coming to 30.56 million.
Warner Bros. Discovery Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 30 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 15 recommended WBD as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight. Warner Bros. Discovery Inc is expected to report earnings per share of -0.08 for the current quarter.
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Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD has been showing a green trend so far today with a performance of 3.25% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.83 on recent trading dayincreased the stock’s daily price by 0.38%. The company’s shares are currently down -31.50% year-to-date, but still up 6.34% over the last five days. On the other hand, Warner Bros. Discovery Inc (NASDAQ:WBD) is -4.47% down in the 30-day period. We can see from the shorts that 104.96 million shares have been sold at a short interest cover period of 4.02 day(s).
The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 48.0% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.30 percent over the past six months and at a -251.56% annual growth rate that is well below the industry average of 7.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 52.90% in revenue this quarter, and will report an increase of 118.80% in the next quarter. The year-over-year growth rate is expected to be -3.00%, down from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 9.82B in revenue for the current quarter. 21 analysts expect Warner Bros. Discovery Inc to make 10.52B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.98B and 10.28B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.60%. Forecasts for the next quarter put sales growth at 2.30%.
Warner Bros. Discovery Inc earnings are expected to increase by -252.81% in 2024, but the outlook is positive 11.25% per year for the next five years.
WBD Dividends
Warner Bros. Discovery Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.24% of Warner Bros. Discovery Inc shares, and 63.25% of them are in the hands of institutional investors. The stock currently has a share float of 69.69%. Warner Bros. Discovery Inc stock is held by 1542.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.1749% of the shares, which is about 248.57 million shares worth $1.85 billion.
BLACKROCK INC., with 6.7618% or 165.19 million shares worth $1.23 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
