Warner Bros. Discovery Inc (NASDAQ:WBD) shares, rose in value on Friday, April 05, with the stock price down by -2.37% to the previous day’s close as strong demand from buyers drove the stock to $8.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.44. The value of beta (5-year monthly) is 1.51. Referring to stock’s 52-week performance, its high was $15.56, and the low was $8.02. On the whole, WBD has fluctuated by -2.02% over the past month.
With the market capitalization of Warner Bros. Discovery Inc currently standing at about $20.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.22, which is expected to increase to $0.03 for fiscal year -$0.33 and then to about -$0.07 by fiscal year 2025. Data indicates that the EPS growth is expected to be 74.20% in 2025, while the next year’s EPS growth is forecast to be 78.80%.
Analysts have estimated the company’s revenue for the quarter at $10.27 billion, with a low estimate of $9.75 billion and a high estimate of $10.81 billion. According to the average forecast, sales growth in current quarter could jump down -4.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $41.53 billion, representing an increase of 0.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WBD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WBD currently trading nearly -4.66% and -10.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.48, while the 7-day volatility ratio is showing 3.41% which for the 30-day chart, stands at 3.42%. Furthermore, Warner Bros. Discovery Inc (WBD)’s beta value is 1.49, and its average true range (ATR) is 0.32.
A comparison of Warner Bros. Discovery Inc (WBD) with its peers suggests the former has fared considerably weaker in the market. WBD showed an intraday change of -2.37% in today’s session so far, and over the past year, it shrunk by -45.61%%.
Data on historical trading for Warner Bros. Discovery Inc (NASDAQ:WBD) indicates that the trading volumes over the past 10 days have averaged 28.38 million and over the past 3 months, they’ve averaged 26.59 million. According to company’s latest data on outstanding shares, there are 2.44 billion shares outstanding.
Nearly 9.53% of Warner Bros. Discovery Inc’s shares belong to company insiders and institutional investors own 61.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 101.45 million shares as on Mar 15, 2024, resulting in a short ratio of 2.94. According to the data, the short interest in Warner Bros. Discovery Inc (WBD) stood at 4.16% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 83.52 million. The stock has fallen by -27.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WBD stock heading into the next quarter.
