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After finishing at $31.03 in the prior trading day, Warner Music Group Corp (NASDAQ: WMG) closed at $31.00, down -0.10%. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 0.96 million shares were traded. WMG stock price reached its highest trading level at $31.055 during the session, while it also had its lowest trading level at $30.785.
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 26.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.14. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.69. In the meantime, Its Debt-to-Equity ratio is 8.81 whereas as Long-Term Debt/Eq ratio is at 8.72.
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 the company, BofA Securities on October 04, 2024, Downgraded its rating to Underperform and sets its target price to $30 from $33 previously.
On July 12, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $37.
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 Sep 11 ’24 when Lousada Max sold 250,769 shares for $28.09 per share. The transaction valued at 7,044,101 led to the insider holds 2,039,002 shares of the business.
Lousada Max sold 428,834 shares of WMG for $12,007,352 on Sep 10 ’24. The CEO, Recorded Music now owns 2,289,771 shares after completing the transaction at $28.00 per share. On Sep 06 ’24, another insider, Lousada Max, who serves as the CEO, Recorded Music of the company, sold 7,359 shares for $28.24 each. As a result, the insider received 207,818 and left with 2,718,605 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, WMG now has a Market Capitalization of 16055489536 and an Enterprise Value of 19853484032. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.73, and their Forward P/E ratio for the next fiscal year is 21.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 33.24. Its current Enterprise Value per Revenue stands at 3.111 whereas that against EBITDA is 14.916.
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 5.47%, while the 200-Day Moving Average is calculated to be -3.77%.
Shares Statistics:
The stock has traded on average 1.96M shares per day over the past 3-months and 1673760 shares per day over the last 10 days, according to various share statistics. A total of 138.34M shares are outstanding, with a floating share count of 133.38M. Insiders hold about 74.25% of the company’s shares, while institutions hold 26.97% stake in the company. Shares short for WMG as of 1727654400 were 13057749 with a Short Ratio of 6.68, compared to 1724976000 on 11227845. Therefore, it implies a Short% of Shares Outstanding of 13057749 and a Short% of Float of 10.8100004.
Dividends & Splits
In the trailing 12 months, WMG’s forward annual dividend rate was 0.68, compared to 0.69 this year. Against a Trailing Annual Dividend Yield of 0.021914275
