Warner Bros. Discovery Inc (NASDAQ:WBD) price on current trading day, rose 0.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.70.
A look at the stock’s price movement, the level at last check in today’s session was $10.65, moving within a range at $10.615 and $10.79. The beta value (5-Year monthly) was 1.483. Turning to its 52-week performance, $12.70 and $6.64 were the 52-week high and 52-week low respectively. Overall, WBD moved 30.39% over the past month.
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Warner Bros. Discovery Inc’s market cap currently stands at around $26.26 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 10.22B for the company’s revenue for the quarter, with a low and high estimate of 9.54B and 10.75B respectively. The average forecast suggests down to a -0.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 39.58B, representing a -4.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WBD is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
20 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 13 recommend WBD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WBD’s current price about 7.59% and 23.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.84, while 7-day volatility ratio is 2.55% and 4.24% in the 30-day chart. Further, Warner Bros. Discovery Inc (WBD) has a beta value of 1.52, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $8.5 and high of $15. Looking at the price targets, the low is 20.56% off recent price level in today’s trading while to achieve the yearly target high, it has to move -40.19%. Nonetheless, investors will most likely welcome a 15.89% jump to $9 which is the analysts’ median price.
If we refocus on Warner Bros. Discovery Inc (NASDAQ:WBD), historical trading data shows that trading volumes averaged 28.66 over the past 10 days and 30.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.45 billion shares.
The 9.49% of Warner Bros. Discovery Inc’s shares are in the hands of company insiders while institutional holders own 62.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 104.75 million on 2024-11-15, giving us a short ratio of 3.35. The data shows that as of 2024-11-15 short interest in Warner Bros. Discovery Inc (WBD) stood at 480.99999999999994 of shares outstanding, with shares short falling to 104.96 million registered in 2024-10-15. Current price change has pushed the stock -5.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WBD stock continues to rise going into the next quarter.
