Warner Music Group Corp (WMG)’s Day in Review: Closing at 32.25, Up by 1.90

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After finishing at $31.65 in the prior trading day, Warner Music Group Corp (NASDAQ: WMG) closed at $32.25, up 1.90%. In other words, the price has increased by $1.90 from its previous closing price. On the day, 2.16 million shares were traded. WMG stock price reached its highest trading level at $32.34 during the session, while it also had its lowest trading level at $31.54.

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 28.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.90. 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.

On February 05, 2024, Redburn Atlantic Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $17 to $21.

On November 15, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $35.Wells Fargo initiated its Equal Weight rating on November 15, 2023, with a $35 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 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 16702726144 and an Enterprise Value of 22157463552. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.91, and their Forward P/E ratio for the next fiscal year is 22.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 38.57. Its current Enterprise Value per Revenue stands at 3.519 whereas that against EBITDA is 17.433.

Stock Price History:

The Beta on a monthly basis for WMG is 1.41, which has changed by 0.2647059 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. 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 -3.88%, while the 200-Day Moving Average is calculated to be -3.74%.

Shares Statistics:

The stock has traded on average 1.63M shares per day over the past 3-months and 2566680 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 133.14M. Insiders hold about 74.25% of the company’s shares, while institutions hold 24.15% stake in the company. Shares short for WMG as of 1713139200 were 4406590 with a Short Ratio of 2.56, compared to 1710460800 on 3657189. Therefore, it implies a Short% of Shares Outstanding of 4406590 and a Short% of Float of 3.6700000000000004.

Dividends & Splits

In the trailing 12 months, WMG’s forward annual dividend rate was 0.66, compared to 0.67 this year. Against a Trailing Annual Dividend Yield of 0.020853082

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