As of Thursday close, Warner Bros. Discovery Inc.’s (NASDAQ:WBD) stock was down -$0.43, moving down -3.26 percent to $12.76. The average number of shares traded per day over the past five days has been 11,074,580 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.36 fall in that time frame. In the last twenty days, the average volume was 18,441,090, while in the previous 50 days, it was 21,879,277.
Since last month, WBD stock retreated -3.92%. Shares of the company fell to $12.12 on 08/03/23, the lowest level in the past month. A 52-week high of $16.34 was reached on 02/27/23 after having rallying from a 52-week low of $8.82. Since the beginning of this year, WBD’s stock price has risen by 34.60% or $3.28, and marked a new high 17 times. However, the stock has declined by -21.91% since its 52-week high.
WBD stock investors should be aware that Warner Bros. Discovery Inc. (WBD) stock had its last reported insider trading activity 11 days ago on Aug 07. Zeiler Gerhard, the President, International of the company, purchased of 38,000 shares for $14.09 on Aug 07. It resulted in a $535,420 investment by the insider. Wiedenfels Gunnar added 15,000 shares at an average price of $11.22 on May 25. The insider now owns 738,849 shares following the transaction.
Valuation Metrics
The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 10.40 may also be considered.
Financial Health
In the three months ended June 29, Warner Bros. Discovery Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.97, and the total debt-to-equity ratio was 1.04. On the profitability front, the trailing twelve-month gross margin is 40.60% percent. In the year ended June 29, EBITDA margin amounted to 14.39%, whereas operating margins totaled -13.30%. Based on annual data, WBD earned $13.38 billion in gross profit and brought in $33.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.90%. Return on equity (ROE) for the past 12 months was -14.30%.
In Warner Bros. Discovery Inc.’s quarter-end financial report for June 29, it reported total debt of $44.28 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WBD’s revenue rose 5.13% to $10.7 billion during the quarter, while net income inched up to $10.36 billion. While analysts expected Warner Bros. Discovery Inc. to report -$0.38 quarterly earnings, the actual figure was -$0.51 per share, beating the consensus estimate by -34.20%. During the quarter, the company generated $5.65 billion in EBITDA. The liabilities of Warner Bros. Discovery Inc. were 82.14 billion at the end of its most recent quarter ended June 29, and its total debt was $47.29 billion. The value of shareholders’ equity is $2.44 billion.
Technical Picture
This quick technical analysis looks at Warner Bros. Discovery Inc.’s (WBD) price momentum. With a historical volatility rate of 29.46%, the RSI 9-day stood at 37.73% on 17 August.
With respect to its five-day moving average, the current Warner Bros. Discovery Inc. price is down by -9.63% percent or -$1.36. At present, WBD shares trade -2.67% below its 20-day simple moving average and -8.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately +5.45% above its SMA50 and -1.47% below its SMA200.
Stochastic coefficient K was 38.01% and Stochastic coefficient D was 46.63%, while ATR was 0.55. Given the Stochastic reading of 24.24% for the 14-day period, the RSI (14) reading has been calculated as 44.06%. As of today, the MACD Oscillator reading stands at -0.62, while the 14-day reading stands at -0.38.
Analyst Ratings
Warner Bros. Discovery Inc. downgraded its rating on Warner Bros. Discovery Inc. (NASDAQ: WBD) to a Peer perform in a note to investors on July 07, 2023. The analysts firm previously had an Outperform rating on the stock.Warner Bros. Discovery Inc. (WBD) has been rated Overweight by analysts. According to 1 brokerage firm, WBD is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Warner Bros. Discovery Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $18.50, the current consensus forecast for the stock is $10.00 – $33.00. Based on these forecasts, analysts predict Warner Bros. Discovery Inc. (WBD) will achieve an average price target of $19.80.
