Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Warner Music Group Corp (NASDAQ: WMG) closed the day trading at $32.14 down -2.78% from the previous closing price of $33.06. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 1.96 million shares were traded. WMG stock price reached its highest trading level at $33.63 during the session, while it also had its lowest trading level at $32.005.
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 22.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.17. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 9.28 whereas as Long-Term Debt/Eq ratio is at 9.19.
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, Redburn Atlantic on February 05, 2024, Upgraded its rating to Neutral and sets its target price to $21 from $17 previously.
On November 15, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $35.
UBS Upgraded its Neutral to Buy on October 03, 2023, whereas the target price for the stock was revised from $34 to $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 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 16644695040 and an Enterprise Value of 20816150528. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.06, and their Forward P/E ratio for the next fiscal year is 22.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.47. 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 35.94. Its current Enterprise Value per Revenue stands at 3.306 whereas that against EBITDA is 16.378.
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 $23.62. The 50-Day Moving Average of the stock is -5.81%, while the 200-Day Moving Average is calculated to be -3.32%.
Shares Statistics:
Over the past 3-months, WMG traded about 1.52M shares per day on average, while over the past 10 days, WMG traded about 1251560 shares per day. A total of 138.34M shares are outstanding, with a floating share count of 133.14M. Insiders hold about 74.29% of the company’s shares, while institutions hold 24.23% stake in the company. Shares short for WMG as of 1711584000 were 3830007 with a Short Ratio of 2.52, compared to 1709164800 on 2587759. Therefore, it implies a Short% of Shares Outstanding of 3830007 and a Short% of Float of 3.19.
Dividends & Splits
WMG’s forward annual dividend rate is 0.67, up from 0.66 a year ago. Against a Trailing Annual Dividend Yield of 0.019963702
