In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $8.15, up 0.49% from the previous session.
WBD stock price is now -5.76% away from the 50-day moving average and -23.55% away from the 200-day moving average. The market capitalization of the company currently stands at $19.97B.
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With the price target maintained at $7, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Warner Bros. Discovery Inc (NASDAQ: WBD). On March 21, 2024, Rosenblatt Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $7 to quote $10, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, ADVANCE/NEWHOUSE PARTNERSHIP, Director bought 10,000,000 shares of the company’s stock on Dec 14 ’23. The stock was bought for $124,900,000 at an average price of $12.49. Upon completion of the transaction, the Director now directly owns 14,158,459 shares in the company, valued at $115.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director Newhouse Steven O bought 10,000,000 shares of the business’s stock. A total of $124,900,000 was incurred on buying the stock at an average price of $12.49. This leaves the insider owning 14,158,459 shares of the company worth $115.39 million. A total of 9.54% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $8.02 and a high of $14.76. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.93, and a quick ratio of 0.93.
The net profit margin was -7.56% and return on equity was -6.77% for WBD. The company reported revenue of $10.28 billion for the quarter, compared to $11.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.58 percent.
