Warner Bros. Discovery Inc (NASDAQ:WBD) has a beta value of 1.52 and has seen 8.52 million shares traded in the recent trading session. The company, currently valued at $27.63B, closed the recent trade at $11.27 per share which meant it lost -$0.08 on the day or -0.75% during that session. The WBD stock price is -12.69% off its 52-week high price of $12.70 and 41.08% above the 52-week low of $6.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 35.49 million shares traded. The 3-month trading volume is 29.72 million shares.
The consensus among analysts is that Warner Bros. Discovery Inc (WBD) is Buy stock at the moment, with a recommendation rating of 2.30. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 20 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Sporting -0.75% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WBD stock price touched $11.27 or saw a rise of 11.26%. Year-to-date, Warner Bros. Discovery Inc shares have moved -1.01%, while the 5-day performance has seen it change 4.11%. Over the past 30 days, the shares of Warner Bros. Discovery Inc (NASDAQ:WBD) have changed 18.95%. Short interest in the company has seen 94.79 million shares shorted with days to cover at 2.69.
Wall Street analysts have a consensus price target for the stock at $8.75, which means that the shares’ value could drop -28.8% from the levels at last check today. The projected low price target is $7.67 while the price target rests at a high of $9.0. In that case, then, we find that the latest price level in today’s session is 20.14% off the targeted high while a plunge would see the stock lose 31.94% from the levels at last check today.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Figures show that Warner Bros. Discovery Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 60.01% over the past 6 months, with this year growth rate of -241.41%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be -4.24%.
21 analysts offering their estimates for the company have set an average revenue estimate of 10.21B for the current quarter. 11 have an estimated revenue figure of 10.05B for the next ending quarter. Year-ago sales stood 10.28B and 9.96B respectively for this quarter and the next, and analysts expect sales will shrink by -0.75% for the current quarter and -4.24% for the next.
Earnings growth for 2024 is a modest -240.93% while over the next 5 years, the company’s earnings are expected to increase by 13.17%.
WBD Dividends
Warner Bros. Discovery Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
Insiders own 9.24% of the company shares, while shares held by institutions stand at 64.24% with a share float percentage of 70.77%. Investors are also buoyed by the number of investors in a company, with Warner Bros. Discovery Inc having a total of 1522.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 248.57 million shares worth more than $1.85 billion. As of 2024-06-30, VANGUARD GROUP INC held 10.1749% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 165.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.23 billion and represent 6.7618% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.88% shares in the company for having 70.77 shares of worth $795.74 million while later fund manager owns 70.04 shares of worth $787.53 million as of Sep 30, 2024, which makes it owner of about 2.85% of company’s outstanding stock.
