A new trading day began on Friday, with Warner Music Group Corp (NASDAQ: WMG) stock price down -0.83% from the previous day of trading, before settling in for the closing price of $30.05. WMG’s price has ranged from $27.06 to $38.05 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged -2.87%. With a float of $135.42 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Warner Music Group Corp is 73.94%, while institutional ownership is 28.50%. The most recent insider transaction that took place on Dec 20 ’24, was worth 1,083,600. In this transaction Director of this company sold 35,000 shares at a rate of $30.96, taking the stock ownership to the 242,360 shares. Before that another transaction happened on Dec 11 ’24, when Company’s Affiliate proposed sale 385,475 for $32.48, making the entire transaction worth $12,519,033.
Warner Music Group Corp (WMG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -2.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.20% 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
Here are Warner Music Group Corp’s current performance indicators. According to the last quarter’s results, the 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 2.41. Likewise, its price to free cash flow for the trailing twelve months is 24.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.58 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 1.7 million. That was inferior than the volume of 1.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.42%. Additionally, its Average True Range was 0.68.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 35.48%, which indicates a significant decrease from 38.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.83% in the past 14 days, which was higher than the 22.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.53, while its 200-day Moving Average is $31.07. However, in the short run, Warner Music Group Corp’s stock first resistance to watch stands at $30.00. Second resistance stands at $30.21. The third major resistance level sits at $30.31. If the price goes on to break the first support level at $29.69, it is likely to go to the next support level at $29.59. Assuming the price breaks the second support level, the third support level stands at $29.38.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
With a market capitalization of 15.49 billion, the company has a total of 517,994K Shares Outstanding. Currently, annual sales are 6,426 M while annual income is 435,000 K. The company’s previous quarter sales were 1,630 M while its latest quarter income was 41,000 K.
