Warner Bros. Discovery Inc (NASDAQ: WBD) is -25.83% lower on its value in year-to-date trading and has touched a low of $8.02 and a high of $15.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WBD stock was last observed hovering at around $8.72 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $8.44, the stock is -2.12% and -11.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 28.52 million and changing -3.21% at the moment leaves the stock -24.71% off its SMA200. WBD registered -41.83% loss for a year compared to 6-month loss of -26.67%. The firm has a 50-day simple moving average (SMA 50) of $1.46 and a 200-day simple moving average (SMA200) of $2.70.
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The stock witnessed a -11.72% gain in the last 1 month and extending the period to 3 months gives it a -27.62%, and is -1.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.30% over the week and 3.84% over the month.
Warner Bros. Discovery Inc (WBD) has around 35300 employees, a market worth around $20.59B and $41.33B in sales. Profit margin for the company is -7.56%. Distance from 52-week low is 5.24% and -45.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.46%).
Warner Bros. Discovery Inc quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $10.27B over the same period.The EPS is expected to grow by 75.17% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -4.00% in year-over-year returns.
Warner Bros. Discovery Inc (WBD) Top Institutional Holders
1,627 institutions hold shares in Warner Bros. Discovery Inc (WBD), with institutional investors hold 69.81% of the company’s shares. The shares outstanding are 2.44B, and float is at 2.21B with Short Float at 4.29%. Institutions hold 62.98% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 248.1 million shares valued at $3.11 billion. The investor’s holdings represent 10.18% of the WBD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 155.77 million shares valued at $1.95 billion to account for 6.39% of the shares outstanding. The other top investors are State Street Corporation which holds 118.34 million shares representing 4.86% and valued at over $1.48 billion, while Harris Associates L.P. holds 2.64% of the shares totaling 64.36 million with a market value of $807.09 million.
Warner Bros. Discovery Inc (WBD) Insider Activity
The most recent transaction is an insider purchase by ADVANCE/NEWHOUSE PARTNERSHIP,the company’sDirector. SEC filings show that ADVANCE/NEWHOUSE PARTNERSHIP bought 10,000,000 shares of the company’s common stock on Dec 14 ’23 at a price of $12.49 per share for a total of $124.9 million. Following the purchase, the insider now owns 14.16 million shares.
Warner Bros. Discovery Inc disclosed in a document filed with the SEC on Dec 14 ’23 that Newhouse Steven O (Director) bought a total of 10,000,000 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $12.49 per share for $124.9 million. Following the transaction, the insider now directly holds 14.16 million shares of the WBD stock.
Still, SEC filings show that on Dec 14 ’23, Newhouse Steven O (Director) disposed off 10,000,000 shares at an average price of $12.49 for $124.9 million. The insider now directly holds 184,023,290 shares of Warner Bros. Discovery Inc (WBD).
