In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $11.60, down -3.89% from the previous session.
WBD stock price is now 27.02% away from the 50-day moving average and 40.08% away from the 200-day moving average. The market capitalization of the company currently stands at $27.50B.
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On August 13, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $10 to quote $8, while ‘Macquarie’ rates the stock as ‘Neutral’
In other news, David Zaslav, Affiliate bought 2,700,000 shares of the company’s stock on Dec 16 ’24. The stock was bought for $32,589,000 at an average price of $12.07. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Officer Sims Savalle bought 23,703 shares of the business’s stock. A total of $292,503 was incurred on buying the stock at an average price of $12.34. A total of 9.48% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $6.64 and a high of $12.70. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for WBD is $9.0558 and a two-hundred day moving average price translates $8.26645 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for 2024-09-30. The net profit margin was -28.37% and return on equity was -28.09% for WBD. The company reported revenue of $9.62 billion for the quarter, compared to $9.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.57 percent.
