Warner Bros. Discovery Inc (NASDAQ:WBD) traded at $11.60 at close of the session on Monday, December 16 and made a downward move of -3.89% on its previous day’s price.
Looking at the stock we see that its previous close was $12.07 and the beta (5Y monthly) reads 1.483 with the day’s price range being $11.55 – $12.167. In terms of its 52-week price range, WBD has a high of $12.70 and a low of $6.64. The company’s stock has gained about 17.65% over that past 30 days.
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Warner Bros. Discovery Inc has a market cap of $27.50 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 10.21B, with a low of 9.54B and a high of 10.75B. The median projection represents growth adding up to -0.75% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 39.57B, or -4.24% down from figures reported last year.
On the other hand, looking at the outlook for the WBD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 20 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Warner Bros. Discovery Inc (WBD) stock as a Hold, while 13 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 9.35% off its SMA20 and 27.02% from its 50-day simple moving average. The RSI (14) is pointing at 66.03 while the volatility over the past week is 5.95% and jumps to 4.44% over the past one month. The beta value is 1.51, while the average true range (ATR) is currently pointing at 0.51. The average price target for the stock over the next 12 months is $8.75, with the estimates having a low of $7.67 and a high of $9. These price ends are 33.88% and 22.41% off the current price level respectively, although investors could be excited at the prospect of a 24.57% if the WBD share price touches on the median price of $8.75.
Coming back to Warner Bros. Discovery Inc (NASDAQ:WBD), we note that the average 3-month trading volume was 29.96 million, while that of the preceding 10-day period stands at 33.8 million. Current shares outstanding are 2.45 billion.
The insiders hold 9.48% of the company’s shares while institutions hold 62.24%. The data shows that short shares as of 2024-11-29, stood at 94.79 million at a short ratio of 2.69. This represents a 435.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 99.61 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 1.93% up in year-to-date price movement.
