Warner Bros. Discovery Inc. (NASDAQ:WBD) saw a downside of -1.02% to close Monday at $12.65 after subtracting -$0.13 on the day. The 5-day average trading volume is 10,854,540 shares of the company’s common stock. It has gained $13.56 in the past week and touched a new high 1 time within the past 5 days. An average of 16,689,994 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 20,507,393.
WBD’s 1-month performance is -2.17% or -$0.28 on its low of $12.12 reached on 08/03/23. The company’s shares have touched a 52-week low of $8.82 and high of $16.34, with the stock’s rally to the 52-week high happening on 02/27/23. YTD, WBD has achieved 33.44% or $3.17 and has reached a new high 17 times. However, the current price is down -22.58% from the 52-week high price.
Valuation Metrics
WBD stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.73 while the price-to-book (PB) in the most recent quarter is 0.68, with the price to cash flow ratio at 9.99.
Warner Bros. Discovery Inc.’s quick ratio for the recent period was 0.80, with the current ratio over the same period at 0.80. In terms of profitability, the gross margin trailing 12 months is 40.60%. The trailing 12-month EBITDA margin is 14.39%. The firm’s gross profit as reported stood at $13.38 billion against revenue of $33.82 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -175.65% to -$1.24 billion, while revenue of -$1.07 billion was 13.79% off the previous quarter. EBITDA for the quarter stood at more than $5.65 billion. WBD stock balance sheet for the recent quarter shows that total liabilities totaled 82.14 billion, with total debt at $47.29 billion. Shareholders hold equity totaling $2.44 billion.
Let’s look briefly at Warner Bros. Discovery Inc. (WBD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 36.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.00%.
The stock’s 5-day moving average is $12.96, reflecting a -6.50% or -$0.88 change from its current price. WBD is currently trading +0.32% above its 20-day SMA, -12.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.77% and SMA200 by-5.24%.
Stochastic %K and %D was 23.11% and 30.35% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 42.83%, while the 14-day stochastic is at 20.08% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.63 and -0.74 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Warner Bros. Discovery Inc. (NASDAQ: WBD), Wolfe Research downgraded it to a Peer perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for WBD stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate WBD as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 17 have offered a “buy” rating.
What is WBD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $33.00, with their median price target at $18.50. Looking at these predictions, the average price target given by analysts is for Warner Bros. Discovery Inc. (WBD) stock is $19.80.
