Warner Bros. Discovery Inc (NASDAQ: WBD) is -16.52% lower on its value in year-to-date trading and has touched a low of $6.64 and a high of $12.70 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 $9.47 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $9.50, the stock is 10.87% and 15.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.25 million and changing 0.32% at the moment leaves the stock 16.38% off its SMA200. WBD registered -11.30% loss for a year compared to 6-month loss of 20.41%. The firm has a 50-day simple moving average (SMA 50) of $8.147 and a 200-day simple moving average (SMA200) of $8.1657.
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The stock witnessed a 25.83% gain in the last 1 month and extending the period to 3 months gives it a 23.70%, and is 3.04% up 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 5.49% over the week and 4.40% over the month.
Warner Bros. Discovery Inc (WBD) has around 35300 employees, a market worth around $23.31B and $39.56B in sales. Profit margin for the company is -28.37%. Distance from 52-week low is 43.07% and -25.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.53%).
The EPS is expected to shrink by -236.70% this year.
Warner Bros. Discovery Inc (WBD) Top Institutional Holders
1513.0 institutions hold shares in Warner Bros. Discovery Inc (WBD), with institutional investors hold 70.73% of the company’s shares. The shares outstanding are 2.44B, and float is at 2.22B with Short Float at 4.49%. Institutions hold 64.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 248.57 million shares valued at $1.85 billion. The investor’s holdings represent 10.1749% of the WBD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 165.19 million shares valued at $1.23 billion to account for 6.7618 of the shares outstanding. The other top investors are STATE STREET CORP which holds 145.39 million shares representing 5.9512% and valued at over $1.08 billion, while HARRIS ASSOCIATES L P holds 4.2788 of the shares totaling 104.53 million with a market value of $777.71 million.
Warner Bros. Discovery Inc (WBD) Insider Activity
The most recent transaction is an insider purchase by Zeiler Gerhard, the company’s President, International. SEC filings show that Zeiler Gerhard bought 58,000 shares of the company’s common stock on Nov 11 ’24 at a price of $9.24 per share for a total of $0.54 million. Following the purchase, the insider now owns 0.97 million shares.
Warner Bros. Discovery Inc disclosed in a document filed with the SEC on May 13 ’24 that Zeiler Gerhard (President, International) bought a total of 100,000 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $8.30 per share for $0.83 million. Following the transaction, the insider now directly holds 0.91 million shares of the WBD stock.
Still, SEC filings show that on Dec 14 ’23, ADVANCE/NEWHOUSE PROGRAMMING P (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).
