Warner Bros. Discovery Inc (NASDAQ:WBD) traded at $8.11 at close of the session on Friday, April 26, made a downward move of -2.17% on its previous day’s price.
Looking at the stock we see that its previous close was $8.29 . In terms of its 52-week price range, WBD has a high of $14.76 and a low of $8.02. The company’s stock has lost about -6.13% over that past 30 days.
Warner Bros. Discovery Inc has a market cap of $19.87 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.22, with the EPS growth for the year raised at -$0.33 for 2024 and -$0.07 for next year. These figures represent 74.20% and 78.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $10.23 billion, with a low of $9.76 billion and a high of $10.55 billion. The median projection represents growth adding up to -4.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $41.54 billion, or 0.50% up from figures reported last year.
On the other hand, looking at the outlook for the WBD stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -3.98% off its SMA20 and -6.57% from its 50-day simple moving average. The RSI (14) is pointing at 40.02 while the volatility over the past week is 2.56% and jumps to 3.06% over the past one month. The beta value is 1.48, while the average true range (ATR) is currently pointing at 0.28.
Coming back to Warner Bros. Discovery Inc (NASDAQ:WBD), we note that the average 3-month trading volume was 28.70 million. Current shares outstanding are 2.44 billion.
The insiders hold 9.54% of the company’s shares while institutions hold 60.78%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -28.73% down in year-to-date price movement.
