Warner Music Group Corp (WMG) concluded trading on Thursday at a closing price of $33.82, with 3.58 million shares of worth about $121.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.05% during that period and on March 06, 2025 the price saw a gain of about 1.29%. Currently the company’s common shares owned by public are about 144.30M shares, out of which, 136.00M shares are available for trading.
Stock saw a price change of 0.12% in past 5 days and over the past one month there was a price change of 4.54%. Year-to-date (YTD), WMG shares are showing a performance of 9.10% which decreased to -4.52% 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 $36.64 during that period. The average intraday trading volume for Warner Music Group Corp shares is 1.80 million. The stock is currently trading -1.32% below its 20-day simple moving average (SMA20), while that difference is up 5.01% for SMA50 and it goes to 8.69% higher than SMA200.
Warner Music Group Corp (NASDAQ: WMG) currently have 144.30M outstanding shares and institutions hold larger chunk of about 28.27% of that.
The stock has a current market capitalization of $17.60B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 34.70, while it has posted earnings per share of $0.97 in the same period. Its PEG reads 4.38 and has Quick Ratio of 0.67 while making debt-to-equity ratio of 7.75. 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 2.74% while standing at 2.86% over the month.
Stock’s fiscal year EPS is expected to rise by 5.60% while it is estimated to increase by 5.07% in next year. EPS is likely to shrink at an annualized rate of 7.92% 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 Citigroup on February 14, 2025 offering a Buy rating for the stock and assigned a target price range of between $34 and $42 to it. Coverage by Guggenheim stated Warner Music Group Corp (WMG) stock as a Buy in their note to investors on January 08, 2025, suggesting a price target of $40 for the stock. On October 04, 2024, BofA Securities Downgrade their recommendations, while on July 12, 2024, Wolfe Research Initiated their ratings for the stock with a price target of $37. Stock get a Buy rating from Jefferies on July 11, 2024.
