Warner Bros. Discovery Inc (NASDAQ:WBD) price closed lower on Friday, April 12, dropping -2.34% below its previous close.
A look at the daily price movement shows that the last close reads $8.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.14 and 52-week low of $8.02. The stock subtracted -5.76% on its value in the past month.
Warner Bros. Discovery Inc, which has a market valuation of $20.35 billion. Analysts tracking WBD have forecast the quarterly EPS to shrink by -0.22 per share this quarter, while the same analysts predict the annual EPS to hit -$0.33 for the year 2024 and up to -$0.07 for 2025. In this case, analysts estimate an annual EPS growth of 74.20% for the year and 78.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $10.24 billion, with the likely lows of $9.76 billion and highs of $10.66 billion. The average estimate suggests sales growth for the quarter will likely fall by -4.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $41.55 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 0.50% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and — downward reviews. On the technical perspective front, indicators give WBD a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that WBD’s price is at present -2.45% off the SMA20 and -7.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.64, with weekly volatility standing at 3.58%. The indicator jumps to 3.34% when calculated based on the past 30 days. Warner Bros. Discovery Inc (NASDAQ:WBD)’s beta value is holding at 1.49, while the average true range (ATR) indicator is currently reading 0.33. An analysis of the Warner Bros. Discovery Inc (NASDAQ:WBD) stock in terms of its daily trading volume indicates that the 3-month average is 27.67 million.
Current records show that the company has 2.44B in outstanding shares. The insiders’ percentage holdings are 9.54% of outstanding shares while the percentage share held by institutions stands at 61.08%. But the -26.71% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
