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Warner Music Group Corp (NASDAQ: WMG) closed the day trading at $32.05 up 0.63% from the previous closing price of $31.85. In other words, the price has increased by $0.63 from its previous closing price. On the day, 2.34 million shares were traded. WMG stock price reached its highest trading level at $32.5 during the session, while it also had its lowest trading level at $31.82.
Ratios:
For a better understanding of WMG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.58. 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 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 16601706496 and an Enterprise Value of 21236328448. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.65, and their Forward P/E ratio for the next fiscal year is 19.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.64 while its Price-to-Book (P/B) ratio in mrq is 32.05. 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 0.72%, while the 200-Day Moving Average is calculated to be 1.25%.
Shares Statistics:
Over the past 3-months, WMG traded about 1.51M shares per day on average, while over the past 10 days, WMG traded about 1948340 shares per day. A total of 142.56M shares are outstanding, with a floating share count of 134.34M. Insiders hold about 74.07% of the company’s shares, while institutions hold 28.58% stake in the company. Shares short for WMG as of 1730332800 were 9795741 with a Short Ratio of 6.47, compared to 1727654400 on 13057749. Therefore, it implies a Short% of Shares Outstanding of 9795741 and a Short% of Float of 8.1099994.
