A share price of Warner Bros. Discovery Inc [WBD] is currently trading at $7.34, up 3.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WBD shares have gain 3.38% over the last week, with a monthly amount drifted -11.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Warner Bros. Discovery Inc [NASDAQ: WBD] stock has seen the most recent analyst activity on June 25, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $8.50. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on May 10, 2024, and kept the price target unchanged to $11. On April 23, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $7 on the stock. Rosenblatt upgraded its rating to a Neutral and increased its price target to $10 on March 21, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $12 on January 29, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on January 11, 2024, but kept the price target unchanged to $11. In a note dated October 06, 2023, Seaport Research Partners initiated an Buy rating and provided a target price of $19 on this stock.
Warner Bros. Discovery Inc experienced fluctuations in its stock price throughout the past year between $6.94 and $14.76. Currently, Wall Street analysts expect the stock to reach $18.14 within the next 12 months. Warner Bros. Discovery Inc [NASDAQ: WBD] shares were valued at $7.34 at the most recent close of the market. An investor can expect a potential return of 147.14% based on the average WBD price forecast.
Analyzing the WBD fundamentals
Trailing Twelve Months sales for Warner Bros. Discovery Inc [NASDAQ:WBD] were 40.58B which represents -6.96% decline. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.09 points at the first support level, and at 6.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.47, and for the 2nd resistance point, it is at 7.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Warner Bros. Discovery Inc [NASDAQ:WBD] is 0.82. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.41.
Transactions by insiders
Recent insider trading involved Zeiler Gerhard, President, International, that happened on May 13 ’24 when 100000.0 shares were purchased. Director, ADVANCE/NEWHOUSE PARTNERSHIP completed a deal on Dec 14 ’23 to buy 10.0 million shares. Meanwhile, Director Newhouse Steven O bought 10.0 million shares on Dec 14 ’23.
