During the last session, Warner Bros. Discovery Inc (NASDAQ:WBD)’s traded shares were 27.56 million, with the beta value of the company hitting 1.49. At the end of the trading day, the stock’s price was $10.28, reflecting an intraday gain of 2.29% or $0.23. The 52-week high for the WBD share is $12.70, that puts it down -23.54 from that peak though still a striking 35.41% gain since the share price plummeted to a 52-week low of $6.64. The company’s market capitalization is $25.22B, and the average intraday trading volume over the past 10 days was 27.4 million shares, and the average trade volume was 30.48 million shares over the past three months.
Warner Bros. Discovery Inc (WBD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.23. WBD has a Sell rating from 1 analyst(s) out of 20 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Warner Bros. Discovery Inc (WBD) registered a 2.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.29% in intraday trading to $10.28, hitting a weekly high. The stock’s 5-day price performance is 5.01%, and it has moved by -2.00% in 30 days. Based on these gigs, the overall price performance for the year is -1.81%. The short interest in Warner Bros. Discovery Inc (NASDAQ:WBD) is 80.05 million shares and it means that shorts have 2.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies a decrease of -14.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.67 and $9 respectively. As a result, WBD is trading at a premium of 12.45% off the target high and 25.39% off the low.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Statistics show that Warner Bros. Discovery Inc has underperformed its competitors in share price, compared to the industry in which it operates. Warner Bros. Discovery Inc (WBD) shares have gone up 19.26% during the last six months, with a year-to-date growth rate less than the industry average at -238.28% against 13.30. In the rating firms’ projections, revenue will decrease -4.37% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.15B as predicted by 20 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 10.03B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.28B and 9.96B respectively. In this case, analysts expect current quarter sales to shrink by -1.29% and then jump by 0.70% in the coming quarter.
While earnings are projected to return -243.67% in 2025, the next five years will return 13.17% per annum.
WBD Dividends
Warner Bros. Discovery Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
Warner Bros. Discovery Inc insiders own 9.12% of total outstanding shares while institutional holders control 64.28%, with the float percentage being 70.74%. VANGUARD GROUP INC is the largest shareholder of the company, while 1503.0 institutions own stock in it. As of 2024-06-30, the company held over 248.57 million shares (or 10.1749% of all shares), a total value of $1.85 billion in shares.
The next largest institutional holding, with 165.19 million shares, is of BLACKROCK INC.’s that is approximately 6.7618% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.23 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Warner Bros. Discovery Inc (WBD) shares are SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF and Vanguard Total Stock Market Index Fund . Data provided on Nov 30, 2024 indicates that SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF owns about 71.19 shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $731.88 million market value. The same data shows that the other fund manager holds slightly less at 70.04, or about 2.85% of the stock, which is worth about $719.97 million.
