In today’s recent session, 3.16 million shares of the Warner Bros. Discovery Inc (NASDAQ:WBD) have been traded, and its beta is 1.52. Most recently the company’s share price was $10.99, and it changed around $0.43 or 4.12% from the last close, which brings the market valuation of the company to $26.97B. WBD at last check was trading at a discount to its 52-week high of $12.70, offering almost -15.56% off that amount. The share price’s 52-week low was $6.64, which indicates that the recent value has risen by an impressive 39.58% since then. We note from Warner Bros. Discovery Inc’s average daily trading volume that its 10-day average is 26.91 million shares, with the 3-month average coming to 29.95 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 29 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 14 recommended WBD as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD has been showing a green trend so far today with a performance of 4.12% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.29 on recent trading dayincreased the stock’s daily price by 2.66%. The company’s shares are currently down -3.38% year-to-date, but still up 4.22% over the last five days. On the other hand, Warner Bros. Discovery Inc (NASDAQ:WBD) is 19.77% up in the 30-day period. We can see from the shorts that 104.75 million shares have been sold at a short interest cover period of 3.35 day(s).
The consensus price target as assigned by Wall Street analysts is $8.75, which translates to bulls needing to decrease their stock price by -25.6% from its current value. Analyst projections state that WBD is forecast to be at a low of $7.67 and a high of $9.
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 36.75 percent over the past six months and at a -241.41% annual growth rate that is well below the industry average of 18.60%.
Warner Bros. Discovery Inc earnings are expected to increase by -241.75% in 2024, but the outlook is positive 13.17% per year for the next five years.
WBD Dividends
Warner Bros. Discovery Inc’s next quarterly earnings report is expected to be released in January.
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 64.23% of them are in the hands of institutional investors. The stock currently has a share float of 70.77%. Warner Bros. Discovery Inc stock is held by 1520.0 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.
