Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded 2.88% higher at $11.09 on Wall Street last session.
WBD stock price is now 6.03% away from the 50-day moving average and 27.26% away from the 200-day moving average. The market capitalization of the company currently stands at $27.21B.
With the price target enhanced from $9 to $13, MoffettNathanson Upgraded its rating from Neutral to Buy for Warner Bros. Discovery Inc (NASDAQ: WBD). , while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Savalle Sims, Officer bought 145,733 shares of the company’s stock on Dec 13 ’24. The stock was bought for $1,795,430 at an average price of $12.32. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Chief Legal Officer Sims Savalle sold 169,436 shares of the business’s stock. A total of $2,093,755 was realized by selling the stock at an average price of $12.36. This leaves the insider owning 599,317 shares of the company worth $6.65 million. A total of 9.38% 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 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.
