Currently, there are 2.44B common shares owned by the public and among those 2.22B shares have been available to trade.
The company’s stock has a 5-day price change of -1.51% and -17.66% over the past three months. WBD shares are trading -36.91% year to date (YTD), with the 12-month market performance down to -41.96% lower. It has a 12-month low price of $6.94 and touched a high of $14.76 over the same period. WBD has an average intraday trading volume of 29.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.25%, -10.47%, and -26.12% respectively.
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Institutional ownership of Warner Bros. Discovery Inc (NASDAQ: WBD) shares accounts for 62.22% of the company’s 2.44B shares outstanding.
It has a market capitalization of $17.59B and a beta (3y monthly) value of 1.49. The earnings-per-share (ttm) stands at -$1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.00% over the week and 3.90% over the month.
Earnings per share for the fiscal year are expected to increase by 46.91%, and 112.21% over the next financial year.
Looking at the support for the WBD, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on May 10, 2024, with the firm’s price target at $11. Wolfe Research coverage for the Warner Bros. Discovery Inc (WBD) stock in a research note released on April 23, 2024 offered a Underperform rating with a price target of $7. Rosenblatt was of a view on March 21, 2024 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on January 29, 2024, issuing a price target of $16- $12. Redburn Atlantic on their part issued Neutral rating on January 11, 2024.
