Warner Music Group Corp [WMG] stock prices are down -0.19% to $31.02 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WMG shares have gain 2.11% over the last week, with a monthly amount glided 6.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Warner Music Group Corp [NASDAQ: WMG] stock has seen the most recent analyst activity on July 12, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $37. On July 10, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $23 on the stock. Redburn Atlantic upgraded its rating to a Neutral and raised its price target to $21 on February 05, 2024. Wells Fargo started tracking with a Equal Weight rating for this stock on November 15, 2023, and assigned it a price target of $35. In a note dated October 03, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $34 to $37.
The stock price of Warner Music Group Corp [WMG] has been fluctuating between $27.06 and $38.05 over the past year. Currently, Wall Street analysts expect the stock to reach $38.18 within the next 12 months. Warner Music Group Corp [NASDAQ: WMG] shares were valued at $31.02 at the most recent close of the market. An investor can expect a potential return of 23.08% based on the average WMG price forecast.
Analyzing the WMG fundamentals
The Warner Music Group Corp [NASDAQ:WMG] reported sales of 6.38B for trailing twelve months, representing a drop of -0.64%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 1.3 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.80 points at the first support level, and at 30.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.31, and for the 2nd resistance point, it is at 31.59.
Ratios To Look Out For
It’s worth pointing out that Warner Music Group Corp [NASDAQ:WMG]’s Current Ratio is 0.69. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 2.52, the price to book ratio is 33.26 and price to earnings (TTM) ratio is 29.75.
Transactions by insiders
Recent insider trading involved Lousada Max, CEO, Recorded Music, that happened on Sep 11 ’24 when 0.25 million shares were sold. CEO, Recorded Music, Lousada Max completed a deal on Sep 10 ’24 to sell 0.43 million shares. Meanwhile, CEO, Recorded Music Lousada Max sold 7359.0 shares on Sep 06 ’24.
