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After finishing at $31.03 in the prior trading day, Warner Music Group Corp (NASDAQ: WMG) closed at $29.30, down -5.58%. In other words, the price has decreased by -$5.58 from its previous closing price. On the day, 4.4 million shares were traded. WMG stock price reached its highest trading level at $30.77 during the session, while it also had its lowest trading level at $29.15.
Ratios:
Our goal is to gain a better understanding of WMG 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 21.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 8.28 whereas as Long-Term Debt/Eq ratio is at 8.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on January 08, 2025, Reiterated its Buy rating but revised its target price to $40 from $44 previously.
On October 04, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $33 to $30.
On July 12, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $37.Wolfe Research initiated its Outperform rating on July 12, 2024, with a $37 target price.
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 Dec 20 ’24 when Benet Lincoln E sold 35,000 shares for $30.96 per share. The transaction valued at 1,083,600 led to the insider holds 242,360 shares of the business.
MAX GEORGE LOUSADA bought 385,475 shares of WMG for $12,519,033 on Dec 11 ’24. On Dec 10 ’24, another insider, MAX GEORGE LOUSADA, who serves as the Affiliate of the company, bought 458,534 shares for $32.22 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WMG now has a Market Capitalization of 15177223168 and an Enterprise Value of 21236328448. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.34, and their Forward P/E ratio for the next fiscal year is 18.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 29.30. Its current Enterprise Value per Revenue stands at 3.328 whereas that against EBITDA is 15.955.
Stock Price History:
Over the past 52 weeks, WMG has reached a high of $38.05, while it has fallen to a 52-week low of $27.06. The 50-Day Moving Average of the stock is -8.50%, while the 200-Day Moving Average is calculated to be -6.23%.
Shares Statistics:
The stock has traded on average 1.44M shares per day over the past 3-months and 1064530 shares per day over the last 10 days, according to various share statistics. A total of 142.56M shares are outstanding, with a floating share count of 134.43M. Insiders hold about 74.05% of the company’s shares, while institutions hold 28.57% stake in the company. Shares short for WMG as of 1730332800 were 9795741 with a Short Ratio of 5.36, compared to 1727654400 on 13057749. Therefore, it implies a Short% of Shares Outstanding of 9795741 and a Short% of Float of 8.1099994.
