A new trading day began on Monday, with Warner Bros. Discovery Inc (NASDAQ: WBD) stock price up 1.63% from the previous day of trading, before settling in for the closing price of $9.18. WBD’s price has ranged from $6.64 to $12.70 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Communication Services Sector giant was 43.08%. Meanwhile, its annual earnings per share averaged -218.88%. With a float of $2.22 billion, this company’s outstanding shares have now reached $2.44 billion.
Let’s determine the extent of company efficiency that accounts for 35300 employees. In terms of profitability, gross margin is 26.7%, operating margin of -1.28%, and the pretax margin is -29.42%.
Warner Bros. Discovery Inc (WBD) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Warner Bros. Discovery Inc is 9.51%, while institutional ownership is 61.00%. 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 sold 10,000,000 for $12.49, making the entire transaction worth $124,900,000. This insider now owns 184,023,290 shares in total.
Warner Bros. Discovery Inc (WBD) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.16 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -218.88% per share during the next fiscal year.
Warner Bros. Discovery Inc (NASDAQ: WBD) Trading Performance Indicators
Here are Warner Bros. Discovery Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.57. Likewise, its price to free cash flow for the trailing twelve months is 4.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.58, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Warner Bros. Discovery Inc (WBD)
Looking closely at Warner Bros. Discovery Inc (NASDAQ: WBD), its last 5-days average volume was 46.4 million, which is a jump from its year-to-date volume of 29.23 million. As of the previous 9 days, the stock’s Stochastic %D was 78.04%. Additionally, its Average True Range was 0.39.
During the past 100 days, Warner Bros. Discovery Inc’s (WBD) raw stochastic average was set at 85.13%, which indicates a significant increase from 81.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.96% in the past 14 days, which was lower than the 51.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.93, while its 200-day Moving Average is $8.18. However, in the short run, Warner Bros. Discovery Inc’s stock first resistance to watch stands at $9.53. Second resistance stands at $9.74. The third major resistance level sits at $9.93. If the price goes on to break the first support level at $9.14, it is likely to go to the next support level at $8.95. Should the price break the second support level, the third support level stands at $8.75.
Warner Bros. Discovery Inc (NASDAQ: WBD) Key Stats
With a market capitalization of 22.42 billion, the company has a total of 2,451,908K Shares Outstanding. Currently, annual sales are 41,321 M while annual income is -3,126 M. The company’s previous quarter sales were 9,713 M while its latest quarter income was -9,986 M.
