Is Warner Bros. Discovery Inc. (NASDAQ: WBD) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Warner Bros. Discovery Inc. (WBD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.34%, to $11.88. The Warner Bros. Discovery Inc. has recorded 1,605,376 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted MotorTrend and BlackBerry Announce “Call for Entries” for Second Annual SDV (Software-Defined Vehicle) Innovator Awards.

Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $11.84 and fluctuated between $12.18 as its day high and $11.69 as its day low. The current market capitalization of Warner Bros. Discovery Inc. is $28.59B. A total of 30.31 million shares were traded on the day, compared to an average of 20.62M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WBD has seen 6 BUY and 5 SELL insider trades, representing the acquisition of 55,945 and the disposition of 119,165 shares. Over the last 12 months, there were 36 BUYs and 27 SELLs from insiders. Insiders purchased 2,105,622 shares during that period but sold 988,578.

In the most recent transaction, Zeiler Gerhard bought 38,000 shares of WBD for 14.09 per share on Aug 07. After the transaction, the President, International now owns 329,032 company shares. In a previous transaction on May 25, Wiedenfels Gunnar bought 15,000 shares at 11.22 per share. WBD shares that Chief Financial Officer owns now total 738,849.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WBD in the last 3 months, the mean price target is $19.26 with high estimates of $33.00 and low estimates of $10.00. In terms of 52-week highs and lows, WBD has a high of $16.34 and a low of $8.82.

As of this writing, WBD has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.22 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.44 in the last quarter, which was -4,500.00% lower than expectations of $0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WBD’s latest balance sheet shows that the firm has $3.90B in Cash & Short Term Investments as of fiscal 2021. There were $14.76B in debt and $3.46B in liabilities at the time. Its Book Value Per Share was $18.65, while its Total Shareholder’s Equity was $13.40B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WBD is Buy with a score of 4.10.