On Friday, Warner Bros. Discovery Inc (NASDAQ: WBD) opened lower -0.69% from the last session, before settling in for the closing price of $7.29. Price fluctuations for WBD have ranged from $7.27 to $14.76 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 43.08% over the past five years. Company’s average yearly earnings per share was noted 46.91% at the time writing. With a float of $2.22 billion, this company’s outstanding shares have now reached $2.44 billion.
Let’s look at the performance matrix of the company that is accounted for 35300 employees.
Warner Bros. Discovery Inc (WBD) Insider Updates
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Warner Bros. Discovery Inc is 9.52%, while institutional ownership is 62.19%. The most recent insider transaction that took place on May 13 ’24, was worth 830,000. In this transaction President, International of this company bought 100,000 shares at a rate of $8.30, taking the stock ownership to the 908,130 shares. Before that another transaction happened on Dec 14 ’23, when Company’s Director bought 10,000,000 for $12.49, making the entire transaction worth $124,900,000. This insider now owns 14,158,459 shares in total.
Warner Bros. Discovery Inc (WBD) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 46.91% per share during the next fiscal year.
Warner Bros. Discovery Inc (NASDAQ: WBD) Trading Performance Indicators
Check out the current performance indicators for Warner Bros. Discovery Inc (WBD). In the past quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44. Likewise, its price to free cash flow for the trailing twelve months is 2.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.24, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach 0.08 in one year’s time.
Technical Analysis of Warner Bros. Discovery Inc (WBD)
Warner Bros. Discovery Inc (NASDAQ: WBD) saw its 5-day average volume 27.32 million, a negative change from its year-to-date volume of 28.02 million. As of the previous 9 days, the stock’s Stochastic %D was 3.65%. Additionally, its Average True Range was 0.32.
During the past 100 days, Warner Bros. Discovery Inc’s (WBD) raw stochastic average was set at 0.82%, which indicates a significant decrease from 2.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.30% in the past 14 days, which was lower than the 44.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.11, while its 200-day Moving Average is $9.80. Nevertheless, the first resistance level for the watch stands at $7.35 in the near term. At $7.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.52. If the price goes on to break the first support level at $7.17, it is likely to go to the next support level at $7.10. Assuming the price breaks the second support level, the third support level stands at $7.00.
Warner Bros. Discovery Inc (NASDAQ: WBD) Key Stats
There are currently 2,450,313K shares outstanding in the company with a market cap of 17.74 billion. Presently, the company’s annual sales total 41,321 M according to its annual income of -3,126 M. Last quarter, the company’s sales amounted to 9,958 M and its income totaled -966,000 K.
