In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $10.56, down -0.94% from the previous session.
WBD stock price is now 20.37% away from the 50-day moving average and 28.64% away from the 200-day moving average. The market capitalization of the company currently stands at $25.86B.
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 58,000 shares of the company’s stock on Nov 11 ’24. The stock was bought for $535,920 at an average price of $9.24. Upon completion of the transaction, the President, International now directly owns 966,130 shares in the company, valued at $10.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, President, International Zeiler Gerhard bought 100,000 shares of the business’s stock. A total of $830,000 was incurred on buying the stock at an average price of $8.30. This leaves the insider owning 908,130 shares of the company worth $9.59 million. A total of 9.49% 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 $8.7292 and a two-hundred day moving average price translates $8.1991 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.
