Warner Bros. Discovery Inc [NASDAQ: WBD] surged by $0.39 during the normal trading session on Friday and reaching a high of $10.78 during the day while it closed the day at $10.71. The company report on November 8, 2023 at 7:00 AM that WARNER BROS. DISCOVERY REPORTS THIRD-QUARTER 2023 RESULTS.
Warner Bros. Discovery, Inc. (the “Company”) (Nasdaq: WBD) today reported financial results for the quarter ended September 30, 2023. Please visit the “Investor Relations” section of the Company’s website at https://ir.wbd.com/ to view the financial results and other earnings materials.
The Company will conduct a conference call today at 8:00 a.m. ET to discuss the results. A link to the live webcast of the conference call will be available in the “Investor Relations” section of the Company’s website at https://ir.wbd.com/.
Warner Bros. Discovery Inc stock has also gained 5.73% of its value over the past 7 days. However, WBD stock has declined by -15.34% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.21% and gained 12.97% year-on date.
The market cap for WBD stock reached $26.12 billion, with 2.43 billion shares outstanding and 2.21 billion shares in the current float. Compared to the average trading volume of 21.14M shares, WBD reached a trading volume of 18708828 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $15.73 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 1.84. 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.
Seaport Research Partners have made an estimate for Warner Bros. Discovery Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2023.
The Average True Range (ATR) for Warner Bros. Discovery Inc is set at 0.59, with the Price to Sales ratio for WBD stock in the period of the last 12 months amounting to 0.62. 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 1.01. Price to Free Cash Flow for WBD in the course of the last twelve months was 4.90 with Quick ratio for the last quarter at 0.88.
WBD stock trade performance evaluation
Warner Bros. Discovery Inc [WBD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.73. With this latest performance, WBD shares gained by 3.08% in over the last four-week period, additionally sinking by -12.21% over the last 6 months – not to mention a drop of -1.83% 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 52.29, with the RSI for the last a single of trading hit 54.56, and the three-weeks RSI is set at 50.56 for Warner Bros. Discovery Inc [WBD]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 10.38 for the last single week of trading, and 12.74 for the last 200 days.
Warner Bros. Discovery Inc [WBD]: An insightful look at the core 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 -6.88 and a Gross Margin at +18.21. Warner Bros. Discovery Inc’s Net Margin is presently recorded at -21.80.
Return on Total Capital for WBD is now -3.57, given the latest momentum, and Return on Invested Capital for the company is -11.73. Return on Equity for this stock declined to -25.12, with Return on Assets sitting at -8.75. When it comes to the capital structure of this company, Warner Bros. Discovery Inc [WBD] has a Total Debt to Total Equity ratio set at 111.69. Additionally, WBD Total Debt to Total Capital is recorded at 52.76, with Total Debt to Total Assets ending up at 39.25. Long-Term Debt to Equity for the company is recorded at 110.01, with the Long-Term Debt to Total Capital now at 51.97.
Reflecting on the efficiency of the workforce at the company, Warner Bros. Discovery Inc [WBD] managed to generate an average of -$196,560 per employee. Receivables Turnover for the company is 6.73 with a Total Asset Turnover recorded at a value of 0.40.Warner Bros. Discovery Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 0.88.
Earnings per share (EPS) analysis for Warner Bros. Discovery Inc [WBD] stock
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 20.00%.
Warner Bros. Discovery Inc [WBD]: Institutional Ownership
The top three institutional holders of WBD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in WBD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in WBD stock with ownership which is approximately 5.7994%.