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As of close of business last night, Warner Music Group Corp’s stock clocked out at $29.70, down -0.44% from its previous closing price of $29.83. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 3.27 million shares were traded. WMG stock price reached its highest trading level at $30.18 during the session, while it also had its lowest trading level at $29.44.
Ratios:
To gain a deeper understanding of WMG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.81. 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 9.85 whereas as Long-Term Debt/Eq ratio is at 9.75.
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, Wolfe Research on July 12, 2024, initiated with a Outperform rating and assigned the stock a target price of $37.
Redburn Atlantic Downgraded its Neutral to Sell on July 10, 2024, whereas the target price for the stock was revised from $21 to $23.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 15 ’24 when Benet Lincoln E sold 71,981 shares for $36.12 per share. The transaction valued at 2,599,954 led to the insider holds 277,360 shares of the business.
Lousada Max sold 869,008 shares of WMG for $28,990,107 on Dec 05 ’23. The CEO, Recorded Music now owns 1,883,578 shares after completing the transaction at $33.36 per share.
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 15382045696 and an Enterprise Value of 19213031424. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.39, and their Forward P/E ratio for the next fiscal year is 20.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 35.52. Its current Enterprise Value per Revenue stands at 3.006 whereas that against EBITDA is 14.711.
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 $28.89. The 50-Day Moving Average of the stock is -3.47%, while the 200-Day Moving Average is calculated to be -10.40%.
Shares Statistics:
It appears that WMG traded 2.58M shares on average per day over the past three months and 3078820 shares per day over the past ten days. A total of 138.34M shares are outstanding, with a floating share count of 133.96M. Insiders hold about 74.13% of the company’s shares, while institutions hold 24.86% stake in the company. Shares short for WMG as of 1721001600 were 10396676 with a Short Ratio of 4.03, compared to 1718323200 on 4246313. Therefore, it implies a Short% of Shares Outstanding of 10396676 and a Short% of Float of 8.61.
Dividends & Splits
With its trailing 12-month dividend rate of 0.67, WMG has a forward annual dividend rate of 0.68. Against a Trailing Annual Dividend Yield of 0.022460612
