In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $11.39, up 0.53% from the previous session.
As of this writing, 30 analysts cover Warner Bros. Discovery Inc (NASDAQ:WBD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $9.00, we find $15.50. Given the previous closing price of $11.33, this indicates a potential upside of 36.8 percent. WBD stock price is now 8.38% away from the 50-day moving average and -9.29% away from the 200-day moving average. The market capitalization of the company currently stands at $27.78B.
There are 10 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $15.63 as their price target over the next twelve months.
With the price target of $19, Seaport Research Partners recently initiated with Buy rating for Warner Bros. Discovery Inc (NASDAQ: WBD).
In other news, Zeiler Gerhard, President, International bought 38,000 shares of the company’s stock on Aug 07. The stock was bought for $535,420 at an average price of $14.09. Upon completion of the transaction, the President, International now directly owns 329,032 shares in the company, valued at $3.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Chief Financial Officer Wiedenfels Gunnar bought 15,000 shares of the business’s stock. A total of $168,285 was incurred on buying the stock at an average price of $11.22. This leaves the insider owning 738,849 shares of the company worth $8.42 million. Insiders disposed of 988,578 shares of company stock worth roughly $11.26 million over the past 1 year. A total of 9.34% of the company’s stock is owned by insiders.
Monday morning saw Warner Bros. Discovery Inc (NASDAQ: WBD) opened at $11.24. During the past 12 months, Warner Bros. Discovery Inc has had a low of $8.82 and a high of $16.34. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 0.88, and a quick ratio of 0.88. The fifty day moving average price for WBD is $10.51 and a two-hundred day moving average price translates $12.56 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at -$0.17, missing analysts’ expectations of -$0.06 by -0.11. This compares to -$0.94 EPS in the same period last year. The net profit margin was -11.48% and return on equity was -10.35% for WBD. The company reported revenue of $9.98 billion for the quarter, compared to $9.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.59 percent. For the current quarter, analysts expect WBD to generate $10.38B in revenue.
