Warner Bros. Discovery Inc. [WBD] Stock trading around $13.96 per share: What’s Next?

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Warner Bros. Discovery Inc. [NASDAQ: WBD] price surged by 2.42 percent to reach at $0.33. The company report on June 10, 2022 that WARNER BROS. DISCOVERY CHIEF U.S. ADVERTISING SALES OFFICER JON STEINLAUF TO PRESENT AT CREDIT SUISSE’S 24TH ANNUAL COMMUNICATIONS CONFERENCE.


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Warner Bros. Discovery (Nasdaq: WBD) today announced that Chief U.S. Advertising Sales Officer Jon Steinlauf will present at the Credit Suisse 24th Annual Communications Conference on Wednesday, June 15, 2022 at 12:25 p.m. ET.

A link to the live webcast of the presentation will be available in the “Investor Relations” section of Warner Bros. Discovery’s website at https://ir.wbd.com/. An on-demand replay of the webcast will be available on the Company’s Investor Relations website shortly after the conclusion of the presentation.

A sum of 17028734 shares traded at recent session while its average daily volume was at 22.87M shares. Warner Bros. Discovery Inc. shares reached a high of $13.99 and dropped to a low of $13.60 until finishing in the latest session at $13.96.

The one-year WBD stock forecast points to a potential upside of 55.65. The average equity rating for WBD stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Warner Bros. Discovery Inc. [WBD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WBD shares is $31.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WBD stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Warner Bros. Discovery Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 30, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on June 16, 2022, representing the official price target for Warner Bros. Discovery Inc. stock. Previously, the target price had yet another raise to $20, while Wolfe Research analysts kept a Peer Perform rating on WBD stock. On May 12, 2022, analysts decreased their price target for WBD shares from 31 to 24.

The Average True Range (ATR) for Warner Bros. Discovery Inc. is set at 0.75, with the Price to Sales ratio for WBD stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 1.76. Price to Free Cash Flow for WBD in the course of the last twelve months was 13.32 with Quick ratio for the last quarter at 2.00.

WBD Stock Performance Analysis:

Warner Bros. Discovery Inc. [WBD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.21. With this latest performance, WBD shares dropped by -0.14% in over the last four-week period, additionally sinking by -51.51% over the last 6 months – not to mention a drop of -50.95% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBD stock in for the last two-week period is set at 43.25, with the RSI for the last a single of trading hit 46.18, and the three-weeks RSI is set at 40.81 for Warner Bros. Discovery Inc. [WBD]. The present Moving Average for the last 50 days of trading for this stock 15.90, while it was recorded at 13.88 for the last single week of trading.

Insight into Warner Bros. Discovery Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Warner Bros. Discovery Inc. [WBD] shares currently have an operating margin of +16.93 and a Gross Margin at +49.11. Warner Bros. Discovery Inc.’s Net Margin is presently recorded at +8.39.

Return on Equity for this stock inclined to 9.26, with Return on Assets sitting at 2.98.

Warner Bros. Discovery Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

WBD Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WBD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Warner Bros. Discovery Inc. go to 10.00%.

Warner Bros. Discovery Inc. [WBD] Insider Position Details

There are presently around $19,422 million, or 9.30% of WBD stock, in the hands of institutional investors. The top three institutional holders of WBD stocks are: VANGUARD GROUP INC with ownership of 194,431,764, which is approximately 2.232% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 165,832,753 shares of the stock with an approximate value of $2.32 billion in WBD stocks shares; and STATE STREET CORP, currently with $1.34 billion in WBD stock with ownership of nearly -9.238% of the company’s market capitalization.

Positions in Warner Bros. Discovery Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,216 institutional holders increased their position in Warner Bros. Discovery Inc. [NASDAQ:WBD] by around 103,407,078 shares. Additionally, 1,425 investors decreased positions by around 114,487,272 shares, while 169 investors held positions by with 1,173,366,923 shares. The mentioned changes placed institutional holdings at 1,391,261,273 shares, according to the latest SEC report filing. WBD stock had 155 new institutional investments in for a total of 10,157,171 shares, while 376 institutional investors sold positions of 10,045,367 shares during the same period.

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