At the time of writing, Warner Music Group Corp [WMG] stock is trading at $32.61, up 0.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WMG shares have gain 2.10% over the last week, with a monthly amount drifted -2.16%, and not 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 October 04, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $30 from $33. Previously, Wolfe Research started tracking the stock with Outperform rating on July 12, 2024, and set its price target to $37. Redburn Atlantic downgraded its rating to a Sell and increased its price target to $23 on July 10, 2024. Redburn Atlantic upgraded its rating to Neutral for this stock on February 05, 2024, and upped its price target to $21. In a note dated November 15, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $35 on this stock.
For the past year, the stock price of Warner Music Group Corp fluctuated between $27.06 and $38.05. Currently, Wall Street analysts expect the stock to reach $34.6 within the next 12 months. Warner Music Group Corp [NASDAQ: WMG] shares were valued at $32.61 at the most recent close of the market. An investor can expect a potential return of 6.1% based on the average WMG price forecast.
Analyzing the WMG fundamentals
According to Warner Music Group Corp [NASDAQ:WMG], the company’s sales were 6.43B for trailing twelve months, which represents an 2.77% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.92 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.75.
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 32.28 points at the first support level, and at 31.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.16, and for the 2nd resistance point, it is at 33.71.
Ratios To Look Out For
It is important to note that Warner Music Group Corp [NASDAQ:WMG] has a current ratio of 0.68. As well, the Quick Ratio is 0.65, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 32.61 and price to earnings (TTM) ratio is 39.33.
Transactions by insiders
Recent insider trading involved MAX GEORGE LOUSADA, Affiliate, that happened on Dec 11 ’24 when 0.39 million shares were purchased. Affiliate, MAX GEORGE LOUSADA completed a deal on Dec 10 ’24 to buy 0.46 million shares. Meanwhile, Affiliate MAX GEORGE LOUSADA bought 25000.0 shares on Dec 09 ’24.
