Warner Bros. Discovery Inc (NASDAQ: WBD) on November 20, 2023, started off the session at the price of $10.78, soaring 0.28% from the previous trading day. During the day, the shares moved up to $10.825 and dropped to $10.535 before settling in for the closing price of $10.71. Within the past 52 weeks, WBD’s price has moved between $8.82 and $16.34.
Communication Services Sector giant saw their annual sales surged by 49.21% over the last five years. The company achieved an average annual earnings per share of 74.77%. With a float of $2.21 billion, this company’s outstanding shares have now reached $2.43 billion.
The firm has a total of 37500 workers. Let’s measure their productivity. In terms of profitability, gross margin is +18.21, operating margin of -6.88, and the pretax margin is -26.50.
Warner Bros. Discovery Inc (WBD) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Warner Bros. Discovery Inc is 9.34%, while institutional ownership is 60.43%. The most recent insider transaction that took place on Aug 07, was worth 535,420. In this transaction President, International of this company bought 38,000 shares at a rate of $14.09, taking the stock ownership to the 329,032 shares. Before that another transaction happened on May 25, when Company’s Chief Financial Officer bought 15,000 for $11.22, making the entire transaction worth $168,285. This insider now owns 738,849 shares in total.
Warner Bros. Discovery Inc (WBD) Earnings and Forecasts
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.17 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.06) by -$0.11. This company achieved a net margin of -21.80 while generating a return on equity of -25.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 74.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -38.19% drop over the previous five years of trading.
Warner Bros. Discovery Inc (NASDAQ: WBD) Trading Performance Indicators
Warner Bros. Discovery Inc (WBD) is currently performing well based on its current performance indicators. A quick ratio of 0.88 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 4.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.98, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of Warner Bros. Discovery Inc (WBD)
Analysing the last 5-days average volume posted by the [Warner Bros. Discovery Inc, WBD], we can find that recorded value of 21.86 million was better than the volume posted last year of 20.72 million. As of the previous 9 days, the stock’s Stochastic %D was 64.78%. Additionally, its Average True Range was 0.57.
During the past 100 days, Warner Bros. Discovery Inc’s (WBD) raw stochastic average was set at 26.78%, which indicates a significant decrease from 56.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.39% in the past 14 days, which was higher than the 58.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.64, while its 200-day Moving Average is $12.72. Now, the first resistance to watch is $10.86. This is followed by the second major resistance level at $10.99. The third major resistance level sits at $11.15. If the price goes on to break the first support level at $10.57, it is likely to go to the next support level at $10.41. Should the price break the second support level, the third support level stands at $10.28.
Warner Bros. Discovery Inc (NASDAQ: WBD) Key Stats
Market capitalization of the company is 26.19 billion based on 2,437,385K outstanding shares. Right now, sales total 33,817 M and income totals -7,371 M. The company made 9,979 M in profit during its latest quarter, and -417,000 K in sales during its previous quarter.