In the latest trading session, 3.98 million Warner Bros. Discovery Inc (NASDAQ:WBD) shares changed hands as the company’s beta touched 1.51. With the company’s most recent per share price at $9.78 changing hands around $0.05 or 0.53% at last look, the market valuation stands at $24.00B. WBD’s current price is a discount, trading about -29.86% 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 32.11% up since then. When we look at Warner Bros. Discovery Inc’s average trading volume, we note the 10-day average is 26.78 million shares, with the 3-month average coming to 30.24 million.
Analysts gave the Warner Bros. Discovery Inc (WBD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.30. 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. Warner Bros. Discovery Inc’s EPS for the current quarter is expected to be 0.02.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD is in green as seen in intraday trades today. With action -6.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.46%, with the 5-day performance at -6.93% in the red. However, in the 30-day time frame, Warner Bros. Discovery Inc (NASDAQ:WBD) is -21.69% down. Looking at the short shares, we see there were 80.05 million shares sold at short interest cover period of 2.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -8.67% from its recent market value. According to analyst projections, WBD’s forecast low is 7.67 with 9 as the target high. To hit the forecast high, the stock’s price needs a 7.98% surge from its current level, while the stock would need to tank 21.57% 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 22.57% over the past 6 months, a -242.97% in annual growth rate that is considerably lower than the industry average of 18.20%. Year-over-year growth is forecast to reach -4.37% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 10.15B. 12 analysts are of the opinion that Warner Bros. Discovery Inc’s revenue for the current quarter will be 10.03B. The company’s revenue for the corresponding quarters a year ago was 10.28B and 9.96B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.31%. The estimates for the next quarter sales put growth at 0.70%.
The 2025 estimates are for Warner Bros. Discovery Inc earnings to decrease by -243.18%, 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 February.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.12% of Warner Bros. Discovery Inc shares while 64.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.74%. There are 64.28% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF. With 70.04 shares estimated at $687.4 million under it, the former controlled 2.85% of total outstanding shares. On the other hand, SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF held about 2.82% of the shares, roughly 69.28 shares worth around $680.01 million.
