On Tuesday, Warner Music Group Corp (NASDAQ: WMG) was -2.05% drop from the session before settling in for the closing price of $32.61. A 52-week range for WMG has been $27.06 – $38.05.
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A company in the Communication Services sector has jumped its sales by 7.72% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 3.96%. With a float of $134.40 million, this company’s outstanding shares have now reached $142.56 million.
In an organization with 5800 employees, it is important to assess its efficiency. 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
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 74.05%, while institutional ownership is 28.58%. The most recent insider transaction that took place on Dec 11 ’24, was worth 12,519,033. Before that another transaction happened on Dec 10 ’24, when Company’s Affiliate proposed sale 458,534 for $32.22, making the entire transaction worth $14,772,315.
Warner Music Group Corp (WMG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 3.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.00% 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
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 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.57. Likewise, its price to free cash flow for the trailing twelve months is 25.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.64 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Let’s dig in a bit further. During the last 5-days, its volume was 1.78 million. That was inferior than the volume of 1.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.65%. Additionally, its Average True Range was 0.79.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 68.35%, which indicates a significant increase from 26.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.67% in the past 14 days, which was lower than the 23.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.21, while its 200-day Moving Average is $31.43. However, in the short run, Warner Music Group Corp’s stock first resistance to watch stands at $32.50. Second resistance stands at $33.06. The third major resistance level sits at $33.35. If the price goes on to break the first support level at $31.65, it is likely to go to the next support level at $31.35. Assuming the price breaks the second support level, the third support level stands at $30.79.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
There are 517,994K outstanding shares of the company, which has a market capitalization of 16.54 billion. As of now, sales total 6,426 M while income totals 435,000 K. Its latest quarter income was 1,630 M while its last quarter net income were 41,000 K.
