Warner Music Group Corp (WMG) concluded trading on Thursday at a closing price of $31.18, with 7.89 million shares of worth about $246.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.53% during that period and on November 21, 2024 the price saw a loss of about -7.40%. Currently the company’s common shares owned by public are about 138.34M shares, out of which, 133.39M shares are available for trading.
Stock saw a price change of -6.45% in past 5 days and over the past one month there was a price change of -1.73%. Year-to-date (YTD), WMG shares are showing a performance of -12.88% which decreased to -4.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.06 but also hit the highest price of $38.05 during that period. The average intraday trading volume for Warner Music Group Corp shares is 1.37 million. The stock is currently trading -4.30% below its 20-day simple moving average (SMA20), while that difference is down -1.72% for SMA50 and it goes to -1.61% lower than SMA200.
Warner Music Group Corp (NASDAQ: WMG) currently have 138.34M outstanding shares and institutions hold larger chunk of about 28.58% of that.
The stock has a current market capitalization of $16.15B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 29.90, while it has posted earnings per share of $1.04 in the same period. Its PEG reads 1.99 and has Quick Ratio of 0.67 while making debt-to-equity ratio of 8.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WMG, volatility over the week remained 4.60% while standing at 2.75% over the month.
Stock’s fiscal year EPS is expected to rise by 5.18% while it is estimated to increase by 15.67% in next year. EPS is likely to grow at an annualized rate of 15.05% for next 5-years, compared to annual growth of 6.43% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 04, 2024 offering an Underperform rating for the stock and assigned a target price range of between $33 and $30 to it. Coverage by Wolfe Research stated Warner Music Group Corp (WMG) stock as an Outperform in their note to investors on July 12, 2024, suggesting a price target of $37 for the stock. On July 11, 2024, Jefferies Resumed their recommendations, while on July 10, 2024, Redburn Atlantic Downgrade their ratings for the stock with a price target of $23. Stock get an Overweight rating from Morgan Stanley on May 06, 2024.
