Warner Music Group Corp (WMG) concluded trading on Wednesday at a closing price of $29.30, with 4.4 million shares of worth about $128.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.71% during that period and on January 08, 2025 the price saw a loss of about -5.58%. Currently the company’s common shares owned by public are about 142.56M shares, out of which, 134.43M shares are available for trading.
Stock saw a price change of -5.48% in past 5 days and over the past one month there was a price change of -9.60%. Year-to-date (YTD), WMG shares are showing a performance of -5.48% which decreased to -15.63% 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 1.44 million. The stock is currently trading -6.74% below its 20-day simple moving average (SMA20), while that difference is down -8.50% for SMA50 and it goes to -6.23% lower than SMA200.
Warner Music Group Corp (NASDAQ: WMG) currently have 142.56M outstanding shares and institutions hold larger chunk of about 28.57% of that.
The stock has a current market capitalization of $15.18B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 35.34, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 1.86 and has Quick Ratio of 0.65 while making debt-to-equity ratio of 8.28. 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 2.90% while standing at 2.52% over the month.
Stock’s fiscal year EPS is expected to rise by 2.71% while it is estimated to increase by 15.09% in next year. EPS is likely to grow at an annualized rate of 19.00% for next 5-years, compared to annual growth of 10.55% 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 Guggenheim on January 08, 2025 offering a Buy rating for the stock and assigned a target price range of between $44 and $40 to it. Coverage by BofA Securities stated Warner Music Group Corp (WMG) stock as an Underperform in their note to investors on October 04, 2024, suggesting a price target of $30 for the stock. On July 12, 2024, Wolfe Research Initiated their recommendations, while on July 11, 2024, Jefferies Resumed their ratings for the stock with a price target of $38. Stock get a Sell rating from Redburn Atlantic on July 10, 2024.
