Wbd stock price forecast trading algorithms tracking

Trading algorithms tracking volume-weighted price trends have flagged the wbd stock price forecast as a candidate for near-term breakout plays, contingent upon surpassing key technical thresholds. On June 18, Warner Bros. Discovery announced the appointment of Robert Gibbs, former White House press secretary for President Barack Obama, as its new communications chief. In its latest quarterly earnings announcement on May 9, Warner Bros. Discovery, Inc. (NASDAQ:WBD) reported a normalized earnings per share of -$0.24, missing expectations by $0.07. The company recorded revenue of $9.96 billion, which was $265.78 million below forecasts. On June 25, Goldman Sachs began coverage of Warner Bros. Discovery, assigning a Neutral rating and setting a price target of $8.50. In the first quarter of 2024, there were 55 hedge funds holding positions in Warner Bros. Discovery, Inc. (NASDAQ:WBD), as compared to 56 in the previous quarter according to Insider Monkey’s database. The total value of these holdings is approximately $0.84 billion. Natixis Global Asset Management's Harris Associates held the largest stake among these hedge funds during this period. Shares of WBD stock opened at $19.50 on Friday. Warner Bros. Discovery has a 12 month low of $7.25 and a 12 month high of $20.24. The business's 50 day moving average is $14.34 and its two-hundred day moving average is $11.48. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The company has a market cap of $48.28 billion, a PE ratio of 64.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.73. A breakout above the $11.00 resistance could redefine the short-term wbd stock price forecast, especially if supported by volume spikes around earnings announcements. Momentum traders have flagged this level as critical.