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Warner Music Group Corp. (WMG) Analysis & Forecast for 2022

Warner Music Group Corp. (NASDAQ: WMG) is -28.00% lower on its value in year-to-date trading and has touched a low of $21.57 and a high of $44.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WMG stock was last observed hovering at around $26.98 in the last trading session, with the day’s gains setting it 4.11% off its average median price target of $30.50 for the next 12 months. It is also 27.7% off the consensus price target high of $43.00 offered by 18 analysts, but current levels are -35.17% lower than the price target low of $23.00 for the same period.

Currently trading at $31.09, the stock is 15.29% and 21.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing 15.23% at the moment leaves the stock 5.21% off its SMA200. WMG registered -27.43% loss for a year compared to 6-month loss of 12.81%.

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The stock witnessed a 20.46% gain in the last 1 month and extending the period to 3 months gives it a 10.96%, and is 7.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.14% over the week and 4.50% over the month.

Warner Music Group Corp. (WMG) has around 5900 employees, a market worth around $16.22B and $5.80B in sales. Current P/E ratio is 37.59 and Fwd P/E is 31.82. Profit margin for the company is 7.30%. Distance from 52-week low is 44.14% and -30.35% from its 52-week high. The company has generated returns on investments over the last 12 months (13.00%).

Warner Music Group Corp. (WMG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Warner Music Group Corp. (WMG) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.30, where 4 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Warner Music Group Corp. is expected to release its quarterly report on 02/07/2023.The EPS is expected to grow by 162.70% this year.

Warner Music Group Corp. (WMG) Top Institutional Holders

The shares outstanding are 514.82M, and float is at 114.32M with Short Float at 4.71%.

Warner Music Group Corp. (WMG) Insider Activity

A total of 0 insider transactions have happened at Warner Music Group Corp. (WMG) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Benet Lincoln E,the company’sDirector. SEC filings show that Benet Lincoln E sold 10,000 shares of the company’s common stock on Mar 30 at a price of $38.25 per share for a total of $0.38 million. Following the sale, the insider now owns 0.43 million shares.

Warner Music Group Corp. disclosed in a document filed with the SEC on Mar 28 that Benet Lincoln E (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 28 and was made at $37.97 per share for $0.38 million. Following the transaction, the insider now directly holds 0.44 million shares of the WMG stock.

Still, SEC filings show that on Mar 04, Benet Lincoln E (Director) disposed off 10,000 shares at an average price of $33.20 for $0.33 million. The insider now directly holds 454,341 shares of Warner Music Group Corp. (WMG).

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