At the time of writing, Warner Bros. Discovery Inc [WBD] stock is trading at $7.78, down -2.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WBD shares have gain 3.18% over the last week, with a monthly amount drifted -7.60%, 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 August 13, 2024, when Bernstein downgraded its rating to a Mkt Perform and also revised its price target to $8 from $10. Previously, Macquarie downgraded its rating to Neutral on July 25, 2024, and kept the price target unchanged to $9. On July 16, 2024, Evercore ISI reiterated its Outperform rating and revised its price target to $10 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $8.50 on June 25, 2024. KeyBanc Capital Markets upgraded its rating to a Overweight but $11 remained the price target by the analyst firm on May 10, 2024. Wolfe Research downgraded its rating to Underperform for this stock on April 23, 2024, but kept the price target unchanged to $7. In a note dated March 21, 2024, Rosenblatt upgraded an Neutral rating on this stock and boosted its target price from $7 to $10.
For the past year, the stock price of Warner Bros. Discovery Inc fluctuated between $6.64 and $12.70. Currently, Wall Street analysts expect the stock to reach $17.13 within the next 12 months. Warner Bros. Discovery Inc [NASDAQ: WBD] shares were valued at $7.78 at the most recent close of the market. An investor can expect a potential return of 120.18% based on the average WBD price forecast.
Analyzing the WBD fundamentals
According to Warner Bros. Discovery Inc [NASDAQ:WBD], the company’s sales were 39.94B for trailing twelve months, which represents an -6.26% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.28 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.
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 7.62 points at the first support level, and at 7.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.98, and for the 2nd resistance point, it is at 8.17.
Ratios To Look Out For
It is important to note that Warner Bros. Discovery Inc [NASDAQ:WBD] has a current ratio of 0.76. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.56.
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 PROGRAMMING P completed a deal on Dec 14 ’23 to sell 10.0 million shares. Meanwhile, Director Newhouse Steven O bought 10.0 million shares on Dec 14 ’23.
