Warner Bros. Discovery Inc (NASDAQ: WBD)’s stock price has gone rise by 1.09 in comparison to its previous close of 7.54, however, the company has experienced a -2.03% decrease in its stock price over the last five trading days. accesswire.com reported 2024-10-10 that LOS ANGELES, CA / ACCESSWIRE / October 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Warner Bros. Discovery, Inc. (“Warner Bros.
Is It Worth Investing in Warner Bros. Discovery Inc (NASDAQ: WBD) Right Now?
Moreover, the 36-month beta value for WBD is 1.49. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for WBD is 2.22B and currently, short sellers hold a 4.47% of that float. On October 11, 2024, WBD’s average trading volume was 32.25M shares.
WBD’s Market Performance
WBD stock saw a decrease of -2.03% in the past week, with a monthly decline of -0.50% and a quarterly a decrease of 2.72%. The volatility ratio for the week is 3.26%, and the volatility levels for the last 30 days are 4.08% for Warner Bros. Discovery Inc (WBD). The simple moving average for the last 20 days is -5.70% for WBD’s stock, with a simple moving average of -10.19% for the last 200 days.
Analysts’ Opinion of WBD
Many brokerage firms have already submitted their reports for WBD stocks, with Bernstein repeating the rating for WBD by listing it as a “Mkt Perform.” The predicted price for WBD in the upcoming period, according to Bernstein is $8 based on the research report published on August 13, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see WBD reach a price target of $9. The rating they have provided for WBD stocks is “Neutral” according to the report published on July 25th, 2024.
Evercore ISI gave a rating of “Outperform” to WBD, setting the target price at $10 in the report published on July 16th of the current year.
WBD Trading at -1.72% from the 50-Day Moving Average
After a stumble in the market that brought WBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.99% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -10.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.89% lower at present.
During the last 5 trading sessions, WBD fell by -1.86%, which changed the moving average for the period of 200-days by -33.61% in comparison to the 20-day moving average, which settled at $8.08. In addition, Warner Bros. Discovery Inc saw -33.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WBD starting from Zeiler Gerhard, who purchase 100,000 shares at the price of $8.30 back on May 13 ’24. After this action, Zeiler Gerhard now owns 908,130 shares of Warner Bros. Discovery Inc, valued at $830,000 using the latest closing price.
ADVANCE/NEWHOUSE PROGRAMMING P, the Director of Warner Bros. Discovery Inc, sale 10,000,000 shares at $12.49 during a trade that took place back on Dec 14 ’23, which means that ADVANCE/NEWHOUSE PROGRAMMING P is holding 184,023,290 shares at $124,900,000 based on the most recent closing price.
Stock Fundamentals for WBD
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.27 for the gross margin
The net margin for Warner Bros. Discovery Inc stands at -0.29. The total capital return value is set at -0.01. Equity return is now at value -29.50, with -9.95 for asset returns.
Based on Warner Bros. Discovery Inc (WBD), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is -0.32.
Currently, EBITDA for the company is 7.38 billion with net debt to EBITDA at 3.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 6.48for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
To wrap up, the performance of Warner Bros. Discovery Inc (WBD) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
