Warner Music Group Corp (NASDAQ: WMG) on Friday, plunged -1.33% from the previous trading day, before settling in for the closing price of $32.23. Within the past 52 weeks, WMG’s price has moved between $27.06 and $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 7.72%. The company achieved an average annual earnings per share of -3.39%. With a float of $135.42 million, this company’s outstanding shares have now reached $142.56 million.
Considering the fact that the conglomerate employs 5800 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Warner Music Group Corp is 73.94%, while institutional ownership is 28.03%. 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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.17% 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
Warner Music Group Corp (WMG) is currently performing well based on its current performance indicators. A quick ratio of 0.65 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 2.57. Likewise, its price to free cash flow for the trailing twelve months is 25.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.58 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Compared to the last year’s volume of 1.95 million, its volume of 2.01 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.14%. Additionally, its Average True Range was 0.80.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 63.75%, which indicates a significant decrease from 78.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.21% in the past 14 days, which was lower than the 23.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.39, while its 200-day Moving Average is $31.01. Nevertheless, the first resistance level for the watch stands at $32.45 in the near term. At $33.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.66. If the price goes on to break the first support level at $31.24, it is likely to go to the next support level at $30.69. Now, if the price goes above the second support level, the third support stands at $30.03.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
Market capitalization of the company is 16.53 billion based on 517,994K outstanding shares. Right now, sales total 6,426 M and income totals 435,000 K. The company made 1,630 M in profit during its latest quarter, and 41,000 K in sales during its previous quarter.
