Stock Market Recap: Warner Bros. Discovery Inc (WBD) Concludes at 8.24, a -1.08 Surge/Decline

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After finishing at $8.33 in the prior trading day, Warner Bros. Discovery Inc (NASDAQ: WBD) closed at $8.24, down -1.08%. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 21.68 million shares were traded. WBD stock price reached its highest trading level at $8.375 during the session, while it also had its lowest trading level at $8.18.

Ratios:

Our goal is to gain a better understanding of WBD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.89.

On April 23, 2024, Wolfe Research Downgraded its rating to Underperform which previously was Peer Perform but kept the price unchanged to $7.

Rosenblatt Upgraded its Sell to Neutral on March 21, 2024, whereas the target price for the stock was revised from $7 to $10.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 13 ’24 when Zeiler Gerhard bought 100,000 shares for $8.30 per share. The transaction valued at 830,000 led to the insider holds 908,130 shares of the business.

ADVANCE/NEWHOUSE PARTNERSHIP bought 10,000,000 shares of WBD for $124,900,000 on Dec 14 ’23. The Director now owns 14,158,459 shares after completing the transaction at $12.49 per share. On Dec 14 ’23, another insider, Newhouse Steven O, who serves as the Director of the company, bought 10,000,000 shares for $12.49 each. As a result, the insider paid 124,900,000 and bolstered with 14,158,459 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WBD now has a Market Capitalization of 20411140096 and an Enterprise Value of 60849582080. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 1.5 whereas that against EBITDA is 8.121.

Stock Price History:

Over the past 52 weeks, WBD has reached a high of $14.76, while it has fallen to a 52-week low of $7.34. The 50-Day Moving Average of the stock is 0.30%, while the 200-Day Moving Average is calculated to be -17.71%.

Shares Statistics:

The stock has traded on average 30.76M shares per day over the past 3-months and 33237270 shares per day over the last 10 days, according to various share statistics. A total of 2.44B shares are outstanding, with a floating share count of 2.22B. Insiders hold about 9.51% of the company’s shares, while institutions hold 62.18% stake in the company. Shares short for WBD as of 1715731200 were 112961540 with a Short Ratio of 3.67, compared to 1713139200 on 113727228. Therefore, it implies a Short% of Shares Outstanding of 112961540 and a Short% of Float of 5.19.

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