In the latest trading session, 2.59 million Warner Bros. Discovery Inc (NASDAQ:WBD) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $10.38 changed hands at -$0.1 or -0.99% at last look, the market valuation stands at $25.47B. WBD’s current price is a discount, trading about -22.35% 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 36.03% up since then. When we look at Warner Bros. Discovery Inc’s average trading volume, we note the 10-day average is 40.4 million shares, with the 3-month average coming to 32.12 million.
Analysts gave the Warner Bros. Discovery Inc (WBD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.19. 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 -0.09.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD was in red as seen in intraday trades today. With action 0.06%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -1.83%, with the 5-day performance at 0.06% in the green. However, in the 30-day time frame, Warner Bros. Discovery Inc (NASDAQ:WBD) is 0.35% up. Looking at the short shares, we see there were 64.05 million shares sold at short interest cover period of 1.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 13.5% from its recent market value. According to analyst projections, WBD’s forecast low is 12 with 12 as the target high. To hit the forecast high, the stock’s price needs a -15.61% plunge from its current level, while the stock would need to soar -15.61% for it to hit the projected low.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Year-over-year growth is forecast to reach -1.07% 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 9.74B. 19 analysts are of the opinion that Warner Bros. Discovery Inc’s revenue for the current quarter will be 9.69B. The company’s revenue for the corresponding quarters a year ago was 9.96B and 9.71B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.21%. The estimates for the next quarter sales put growth at -0.27%.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.28% of Warner Bros. Discovery Inc shares while 68.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.45%. There are 68.45% 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 Jan 31, 2025 were SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF and Vanguard Total Stock Market Index Fund. With 76.32 shares estimated at $792.63 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.82% of the shares, roughly 69.12 shares worth around $717.84 million.
