In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $8.55, down -1.38% from the previous session.
WBD stock price is now 10.22% away from the 50-day moving average and -8.47% away from the 200-day moving average. The market capitalization of the company currently stands at $20.95B.
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With the price target reduced from $12 to $10, Evercore ISI maintained Outperform rating for Warner Bros. Discovery Inc (NASDAQ: WBD). On June 25, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $8.50, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Zeiler Gerhard, President, International bought 100,000 shares of the company’s stock on May 13 ’24. The stock was bought for $830,000 at an average price of $8.30. Upon completion of the transaction, the President, International now directly owns 908,130 shares in the company, valued at $7.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director ADVANCE/NEWHOUSE PARTNERSHIP 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 $121.05 million. A total of 9.52% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $6.94 and a high of $14.76. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.82, and a quick ratio of 0.82. The fifty day moving average price for WBD is $7.7724 and a two-hundred day moving average price translates $9.3326 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for 2024-03-31. The net profit margin was -7.46% and return on equity was -6.67% for WBD. The company reported revenue of $9.96 billion for the quarter, compared to $10.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.93 percent.
