In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $8.48, down -0.70% from the previous session.
WBD stock price is now -13.08% away from the 50-day moving average and -24.74% away from the 200-day moving average. The market capitalization of the company currently stands at $20.69B.
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With the price target reduced from $16 to $12, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Warner Bros. Discovery Inc (NASDAQ: WBD). On January 11, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $11, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, ADVANCE/NEWHOUSE PARTNERSHIP, Director bought 10,000,000 shares of the company’s stock on Dec 14 ’23. The stock was bought for $124,900,000 at an average price of $12.49. Upon completion of the transaction, the Director now directly owns 14,158,459 shares in the company, valued at $120.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director Newhouse Steven O bought 10,000,000 shares of the business’s stock. A total of $124,900,000 was incurred on buying the stock at an average price of $12.49. This leaves the insider owning 14,158,459 shares of the company worth $120.06 million. A total of 9.53% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $8.02 and a high of $15.56. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.93, and a quick ratio of 0.93. The fifty day moving average price for WBD is $9.70 and a two-hundred day moving average price translates $11.25 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for Dec, 2023. According to the Entertainment Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.07 by -0.09. This compares to -$2.04 EPS in the same period last year. The net profit margin was -7.56% and return on equity was -6.77% for WBD. The company reported revenue of $10.28 billion for the quarter, compared to $11.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.58 percent. For the current quarter, analysts expect WBD to generate $10.27B in revenue.
