In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $9.33, up 1.63% from the previous session.
WBD stock price is now 17.66% away from the 50-day moving average and 13.99% away from the 200-day moving average. The market capitalization of the company currently stands at $22.42B.
On August 13, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $10 to quote $8, while ‘Macquarie’ rates the stock as ‘Neutral’
In other news, Zeiler Gerhard, President, International bought 100,000 shares of the company’s stock on May 13 ’24. The stock was bought for $830,000 at an average price of $8.30. Upon completion of the transaction, the President, International now directly owns 908,130 shares in the company, valued at $8.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director ADVANCE/NEWHOUSE PROGRAMMING P sold 10,000,000 shares of the business’s stock. A total of $124,900,000 was realized by selling the stock at an average price of $12.49. This leaves the insider owning 184,023,290 shares of the company worth $1.72 billion. A total of 9.51% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $6.64 and a high of $12.70. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for WBD is $7.8998 and a two-hundred day moving average price translates $8.1913 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for 2024-09-30. The net profit margin was -28.37% and return on equity was -28.09% for WBD. The company reported revenue of $9.62 billion for the quarter, compared to $9.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.57 percent.
