Warner Music Group Corp [WMG] stock prices are up 0.97% to $31.30 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WMG shares have gain 0.74% over the last week, with a monthly amount drifted -2.70%, 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.
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 $34.6 within the next 12 months. Warner Music Group Corp [NASDAQ: WMG] shares were valued at $31.30 at the most recent close of the market. An investor can expect a potential return of 10.54% based on the average WMG price forecast.
Analyzing the WMG fundamentals
The Warner Music Group Corp [NASDAQ:WMG] reported sales of 6.43B for trailing twelve months, representing a surge of 2.77%. 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 31.04 points at the first support level, and at 30.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.55, and for the 2nd resistance point, it is at 31.80.
Ratios To Look Out For
It’s worth pointing out that Warner Music Group Corp [NASDAQ:WMG]’s Current Ratio is 0.68. Further, the Quick Ratio stands at 0.65, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.52, the price to book ratio is 31.30 and price to earnings (TTM) ratio is 37.75.
Transactions by insiders
Recent insider trading involved Benet Lincoln E, Director, that happened on Dec 20 ’24 when 35000.0 shares were sold. Affiliate, MAX GEORGE LOUSADA completed a deal on Dec 11 ’24 to buy 0.39 million shares. Meanwhile, Affiliate MAX GEORGE LOUSADA bought 0.46 million shares on Dec 10 ’24.
