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 3.62% and -14.78% over the past three months. WBD shares are trading -34.62% year to date (YTD), with the 12-month market performance down to -40.24% 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 29.26 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 -3.26%, -5.97%, and -22.61% respectively.
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Institutional ownership of Warner Bros. Discovery Inc (NASDAQ: WBD) shares accounts for 62.19% of the company’s 2.44B shares outstanding.
It has a market capitalization of $18.23B 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 2.57% over the week and 3.65% over the month.
Earnings per share for the fiscal year are expected to increase by 45.85%, and 112.37% over the next financial year.
Looking at the support for the WBD, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on June 25, 2024, with the firm’s price target at $8.50. KeyBanc Capital Markets coverage for the Warner Bros. Discovery Inc (WBD) stock in a research note released on May 10, 2024 offered a Overweight rating with a price target of $11. Wolfe Research was of a view on April 23, 2024 that the stock is Underperform, while Rosenblatt gave the stock Neutral rating on March 21, 2024, issuing a price target of $7- $10. Wells Fargo on their part issued Equal Weight rating on January 29, 2024.
