Warner Music Group Corp (NASDAQ: WMG) has a price-to-earnings ratio that is above its average at 38.38x. and a 36-month beta value of 1.50. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 1 as “sell.”
The average price predicted for Warner Music Group Corp (WMG) by analysts is $35.53, which is $4.08 above the current market price. The public float for WMG is 130.94M, and at present, short sellers hold a 4.06% of that float. On November 20, 2023, the average trading volume of WMG was 1.25M shares.
WMG) stock’s latest price update
Warner Music Group Corp (NASDAQ: WMG)’s stock price has dropped by -1.13 in relation to previous closing price of 31.81. Nevertheless, the company has seen a loss of -3.29% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-16 that Warner Music Group Corp. (NASDAQ:WMG ) Q4 2023 Results Conference Call November 16, 2023 8:30 AM ET Company Participants Kareem Chin – Head of IR Robert Kyncl – CEO Bryan Castellani – CFO Eric Levin – Retiring CFO Conference Call Participants Omar Mejias – Wells Fargo Ben Swinburne – Morgan Stanley Sebastiano Petti – JPMorgan Batya Levi – UBS Benjamin Black – Deutsche Bank Jason Bazinet – Citi Operator Welcome to Warner Music Group’s Fourth Quarter Earnings Call for the period and fiscal year ended September 30, 2023. At the request of Warner Music Group, today’s call is being recorded for replay purposes, and if you object, you may disconnect at any time.
WMG’s Market Performance
Warner Music Group Corp (WMG) has seen a -3.29% fall in stock performance for the week, with a -0.41% decline in the past month and a -2.84% plunge in the past quarter. The volatility ratio for the week is 3.92%, and the volatility levels for the past 30 days are at 3.10% for WMG. The simple moving average for the past 20 days is -1.87% for WMG’s stock, with a 2.91% simple moving average for the past 200 days.
Analysts’ Opinion of WMG
Many brokerage firms have already submitted their reports for WMG stocks, with Wells Fargo repeating the rating for WMG by listing it as a “Equal Weight.” The predicted price for WMG in the upcoming period, according to Wells Fargo is $35 based on the research report published on November 15, 2023 of the current year 2023.
WMG Trading at -1.62% from the 50-Day Moving Average
After a stumble in the market that brought WMG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.85% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares sank -0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.58% lower at present.
During the last 5 trading sessions, WMG fell by -3.17%, which changed the moving average for the period of 200-days by -14.98% in comparison to the 20-day moving average, which settled at $32.04. In addition, Warner Music Group Corp saw -10.19% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at WMG starting from Benet Lincoln E, who sale 30,000 shares at the price of $32.14 back on Feb 24. After this action, Benet Lincoln E now owns 349,341 shares of Warner Music Group Corp, valued at $964,200 using the latest closing price.
Benet Lincoln E, the Director of Warner Music Group Corp, sale 20,000 shares at $32.00 during a trade that took place back on Feb 21, which means that Benet Lincoln E is holding 379,341 shares at $640,000 based on the most recent closing price.
Stock Fundamentals for WMG
Current profitability levels for the company are sitting at:
- +13.07 for the present operating margin
- +41.88 for the gross margin
The net margin for Warner Music Group Corp stands at +7.12. The total capital return value is set at 17.79, while invested capital returns managed to touch 9.94. Equity return is now at value 185.19, with 5.19 for asset returns.
Based on Warner Music Group Corp (WMG), the company’s capital structure generated 1,387.62 points at debt to equity in total, while total debt to capital is 93.28. Total debt to assets is 49.85, with long-term debt to equity ratio resting at 1,374.27. Finally, the long-term debt to capital ratio is 92.38.
The receivables turnover for the company is 5.74 and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
To sum up, Warner Music Group Corp (WMG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.