Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded 1.32% higher at $8.42 on Wall Street last session.
WBD stock price is now 8.26% away from the 50-day moving average and -9.40% away from the 200-day moving average. The market capitalization of the company currently stands at $20.63B.
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With the price target maintained at $9, Macquarie recently Downgraded its rating from Outperform to Neutral for Warner Bros. Discovery Inc (NASDAQ: WBD). On July 16, 2024, Evercore ISI reiterated its ‘Outperform’ rating on the stock by increasing its target price from $12 to quote $10, while ‘Goldman’ rates the stock as ‘Neutral’
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 $7.65 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 $119.21 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 $7.782 and a two-hundred day moving average price translates $9.28235 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.
