Warner Bros. Discovery Inc (NASDAQ: WBD): Hunting Genuine Value In Market Debris

Currently, there are 2.43B common shares owned by the public and among those 2.21B shares have been available to trade.

Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 2,105,069 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 892,743 shares.

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The company’s stock has a 5-day price change of -5.95% and 2.55% over the past three months. WBD shares are trading -15.29% year to date (YTD), with the 12-month market performance down to -33.79% lower. It has a 12-month low price of $9.27 and touched a high of $16.34 over the same period. WBD has an average intraday trading volume of 1.04 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.40%, -11.99%, and -17.60% respectively.

Institutional ownership of Warner Bros. Discovery Inc (NASDAQ: WBD) shares accounts for 61.29% of the company’s 2.43B shares outstanding.

It has a market capitalization of $23.51B and a beta (3y monthly) value of 1.54. The earnings-per-share (ttm) stands at -$1.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.71% over the week and 3.20% over the month.

Analysts forecast that Warner Bros. Discovery Inc (WBD) will achieve an EPS of -$0.06 for the current quarter, -$0.26 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was -$0.86 a year ago. Earnings per share for the fiscal year are expected to increase by 69.98%, and 82.42% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -38.19% over the past 5-year period.

Looking at the support for the WBD, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 29, 2024, with the firm’s price target at $16-$12.

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