Warner Music Group Corp (NASDAQ: WMG) kicked off on Friday, up 2.15% from the previous trading day, before settling in for the closing price of $31.18. Over the past 52 weeks, WMG has traded in a range of $27.06-$38.05.
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Annual sales at Communication Services sector company grew by 7.72% over the past five years. While this was happening, its average annual earnings per share was recorded 4.76%. With a float of $134.34 million, this company’s outstanding shares have now reached $142.56 million.
Let’s look at the performance matrix of the company that is accounted for 5800 employees. In terms of profitability, gross margin is 46.5%, operating margin of 14.78%, and the pretax margin is 9.35%.
Warner Music Group Corp (WMG) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Entertainment Industry. The insider ownership of Warner Music Group Corp is 74.25%, while institutional ownership is 28.58%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.32 earnings per share (EPS), lower than consensus estimate (set at 0.43) by -0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.55% during the next five years compared to 10.55% growth over the previous five years of trading.
Warner Music Group Corp (NASDAQ: WMG) Trading Performance Indicators
Take a look at Warner Music Group Corp’s (WMG) current performance indicators. Last quarter, stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.62. Likewise, its price to free cash flow for the trailing twelve months is 26.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.65 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Warner Music Group Corp (NASDAQ: WMG) saw its 5-day average volume 3.01 million, a positive change from its year-to-date volume of 1.82 million. As of the previous 9 days, the stock’s Stochastic %D was 55.34%. Additionally, its Average True Range was 0.98.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 67.09%, which indicates a significant increase from 44.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.33% in the past 14 days, which was higher than the 26.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.78, while its 200-day Moving Average is $31.67. Nevertheless, the first resistance level for the watch stands at $32.50 in the near term. At $33.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $34.03. If the price goes on to break the first support level at $30.96, it is likely to go to the next support level at $30.07. Assuming the price breaks the second support level, the third support level stands at $29.43.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
The company with the Market Capitalisation of 16.85 billion has total of 517,919K Shares Outstanding. Its annual sales at the moment are 6,037 M in contrast with the sum of 430,000 K annual income. Company’s last quarter sales were recorded 1,554 M and last quarter income was 139,000 K.
