On Monday, Warner Music Group Corp (NASDAQ: WMG) was 0.32% up from the session before settling in for the closing price of $31.20. A 52-week range for WMG has been $27.06 – $38.05.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 8.78%. When this article was written, the company’s average yearly earnings per share was at 42.70%. With a float of $133.38 million, this company’s outstanding shares have now reached $138.34 million.
Considering the fact that the conglomerate employs 5900 people, you should pay attention to its efficiency factor.
Warner Music Group Corp (WMG) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Warner Music Group Corp stocks. The insider ownership of Warner Music Group Corp is 74.25%, while institutional ownership is 26.87%. The most recent insider transaction that took place on Sep 11 ’24, was worth 7,044,101. In this transaction CEO, Recorded Music of this company sold 250,769 shares at a rate of $28.09, taking the stock ownership to the 2,039,002 shares. Before that another transaction happened on Sep 10 ’24, when Company’s CEO, Recorded Music sold 428,834 for $28.00, making the entire transaction worth $12,007,352. This insider now owns 2,289,771 shares in total.
Warner Music Group Corp (WMG) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 42.70% 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
You can see what Warner Music Group Corp (WMG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.54. Likewise, its price to free cash flow for the trailing twelve months is 24.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.45 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Compared to the last year’s volume of 1.88 million, its volume of 1.53 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.72%. Additionally, its Average True Range was 0.62.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 49.19%, which indicates a significant decrease from 94.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.44% in the past 14 days, which was lower than the 30.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.26, while its 200-day Moving Average is $32.35. Nevertheless, the first resistance level for the watch stands at $31.44 in the near term. At $31.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.83. If the price goes on to break the first support level at $31.05, it is likely to go to the next support level at $30.81. Should the price break the second support level, the third support level stands at $30.66.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
There are 517,914K outstanding shares of the company, which has a market capitalization of 16.21 billion. As of now, sales total 6,037 M while income totals 430,000 K. Its latest quarter income was 1,554 M while its last quarter net income were 139,000 K.
