In the last trading session, 11.58 million Warner Bros. Discovery Inc (NASDAQ:WBD) shares changed hands as the company’s beta touched 1.51. With the company’s per share price at $10.48 changed hands at $0.1 or 0.96% during last session, the market valuation stood at $25.96B. WBD’s last price was a discount, traded about -21.18% off its 52-week high of $12.70. The share price had its 52-week low at $6.64, which suggests the last value was 36.64% up since then. When we look at Warner Bros. Discovery Inc’s average trading volume, we note the 10-day average is 31.8 million shares, with the 3-month average coming to 30.35 million.
Analysts gave the Warner Bros. Discovery Inc (WBD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.26. If we narrow down to specifics, the data shows that 1 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended WBD as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight.
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Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD was in green as seen at the end of in last trading. With action 2.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.91%, with the 5-day performance at 2.44% in the green. However, in the 30-day time frame, Warner Bros. Discovery Inc (NASDAQ:WBD) is 34.88% up. Looking at the short shares, we see there were 104.75 million shares sold at short interest cover period of 3.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 30.13% from its current market value. According to analyst projections, WBD’s forecast low is 5 with 45 as the target high. To hit the forecast high, the stock’s price needs a -329.39% plunge from its current level, while the stock would need to tank 52.29% for it to hit the projected low.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Data shows that the Warner Bros. Discovery Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.18% over the past 6 months, a -241.41% in annual growth rate that is considerably lower than the industry average of 17.80%.
The 2024 estimates are for Warner Bros. Discovery Inc earnings to decrease by -241.75%, but the outlook for the next 5-year period is at 13.17% per year.
WBD Dividends
Warner Bros. Discovery Inc is expected to release its next quarterly earnings report in January.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.24% of Warner Bros. Discovery Inc shares while 64.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.76%. There are 64.22% institutions holding the Warner Bros. Discovery Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.1749% of the shares, roughly 248.57 million WBD shares worth $1.85 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7618% or 165.19 million shares worth $1.23 billion as of 2024-06-30.
