Warner Bros. Discovery Inc. [WBD] is -44.65% lower this YTD. Is it still time to buy?

Warner Bros. Discovery Inc. [NASDAQ: WBD] gained 3.91% or 0.49 points to close at $13.03 with a heavy trading volume of 22527359 shares. The company report on September 7, 2022 that WARNER BROS. DISCOVERY CHIEF FINANCIAL OFFICER GUNNAR WIEDENFELS TO PRESENT AT THE GOLDMAN SACHS COMMUNACOPIA + TECHNOLOGY CONFERENCE.

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Warner Bros. Discovery (Nasdaq: WBD) today announced that its Chief Financial Officer Gunnar Wiedenfels will present at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 13, 2022 at 12:15 p.m. ET (9:15 a.m. PT).

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.

It opened the trading session at $12.67, the shares rose to $13.09 and dropped to $12.67, the range by which the price of stock traded the whole day. The daily chart for WBD points out that the company has recorded -48.05% loss over the past six months. However, it is still -6.54% lower than its most recent low trading price.

If we look at the average trading volume of 24.37M shares, WBD reached to a volume of 22527359 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $25.11 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.

Barrington Research have made an estimate for Warner Bros. Discovery Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 08, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $42 to $19. The new note on the price target was released on August 05, 2022, representing the official price target for Warner Bros. Discovery Inc. stock. Previously, the target price had yet another raise to $22, while Goldman analysts kept a Buy rating on WBD stock.

The Average True Range (ATR) for Warner Bros. Discovery Inc. is set at 0.69, with the Price to Sales ratio for WBD stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 1.10. Price to Free Cash Flow for WBD in the course of the last twelve months was 12.10 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for WBD stock

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 -1.21. With this latest performance, WBD shares dropped by -0.53% in over the last four-week period, additionally sinking by -48.05% over the last 6 months – not to mention a drop of -51.36% 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 45.27, with the RSI for the last a single of trading hit 46.90, and the three-weeks RSI is set at 44.56 for Warner Bros. Discovery Inc. [WBD]. The present Moving Average for the last 50 days of trading for this stock 13.96, while it was recorded at 12.79 for the last single week of trading.

Warner Bros. Discovery Inc. [WBD]: A deeper dive into fundamental analysis

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 1.10 and a Current Ratio set at 1.10.

Warner Bros. Discovery Inc. [WBD]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Warner Bros. Discovery Inc. [WBD]

There are presently around $17,866 million, or 56.30% of WBD stock, in the hands of institutional investors. The top three institutional holders of WBD stocks are: VANGUARD GROUP INC with ownership of 174,132,234, which is approximately -10.44% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 166,503,034 shares of the stock with an approximate value of $2.17 billion in WBD stocks shares; and STATE STREET CORP, currently with $1.33 billion in WBD stock with ownership of nearly 6.676% of the company’s market capitalization.

Positions in Warner Bros. Discovery Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 603 institutional holders increased their position in Warner Bros. Discovery Inc. [NASDAQ:WBD] by around 188,070,212 shares. Additionally, 2,077 investors decreased positions by around 210,659,310 shares, while 42 investors held positions by with 972,428,381 shares. The mentioned changes placed institutional holdings at 1,371,157,903 shares, according to the latest SEC report filing. WBD stock had 86 new institutional investments in for a total of 37,338,433 shares, while 1,175 institutional investors sold positions of 39,451,295 shares during the same period.


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