Warner Music Group Corp (NASDAQ: WMG) on Tuesday, plunged -2.78% from the previous trading day, before settling in for the closing price of $33.06. Within the past 52 weeks, WMG’s price has moved between $23.62 and $38.05.
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Communication Services Sector giant saw their annual sales surged by 8.78% over the last five years. The company achieved an average annual earnings per share of 32.47%. With a float of $133.14 million, this company’s outstanding shares have now reached $138.34 million.
The firm has a total of 5900 workers. Let’s measure their productivity.
Warner Music Group Corp (WMG) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Warner Music Group Corp is 74.29%, while institutional ownership is 24.23%. The most recent insider transaction that took place on Feb 15 ’24, was worth 2,599,954. In this transaction Director of this company sold 71,981 shares at a rate of $36.12, taking the stock ownership to the 277,360 shares. Before that another transaction happened on Dec 05 ’23, when Company’s CEO, Recorded Music sold 869,008 for $33.36, making the entire transaction worth $28,990,107. This insider now owns 1,883,578 shares in total.
Warner Music Group Corp (WMG) Earnings and Forecasts
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.06 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.18) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.40% during the next five years compared to 6.43% growth over the previous five years of trading.
Warner Music Group Corp (NASDAQ: WMG) Trading Performance Indicators
Warner Music Group Corp (WMG) is currently performing well based on its current performance indicators. A quick ratio of 0.67 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.64. Likewise, its price to free cash flow for the trailing twelve months is 26.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.89, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.43 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Analysing the last 5-days average volume posted by the [Warner Music Group Corp, WMG], we can find that recorded value of 1.46 million was lower than the volume posted last year of 1.47 million. As of the previous 9 days, the stock’s Stochastic %D was 15.66%. Additionally, its Average True Range was 0.96.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 6.01%, which indicates a significant increase from 4.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.26% in the past 14 days, which was higher than the 25.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.05, while its 200-day Moving Average is $33.26. Now, the first resistance to watch is $33.18. This is followed by the second major resistance level at $34.22. The third major resistance level sits at $34.80. If the price goes on to break the first support level at $31.55, it is likely to go to the next support level at $30.97. Should the price break the second support level, the third support level stands at $29.93.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
Market capitalization of the company is 16.64 billion based on 517,881K outstanding shares. Right now, sales total 6,037 M and income totals 430,000 K. The company made 1,748 M in profit during its latest quarter, and 159,000 K in sales during its previous quarter.
