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Warner Music Group Corp (WMG) – key numbers that make it a Strong Buy For Now

Warner Music Group Corp (NASDAQ: WMG) is -14.25% lower on its value in year-to-date trading and has touched a low of $24.52 and a high of $38.05 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 $29.51 in the last trading session, with the day’s gains setting it 1.18%.

Currently trading at $30.69, the stock is -0.80% and -5.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.37 million and changing 4.00% at the moment leaves the stock -8.04% off its SMA200. WMG registered 23.75% gain for a year compared to 6-month loss of -9.92%.

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The stock witnessed a -5.77% gain in the last 1 month and extending the period to 3 months gives it a -9.89%, and is -1.38% down 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 3.48% over the week and 3.02% over the month.

Warner Music Group Corp (WMG) has around 5900 employees, a market worth around $15.89B and $6.39B in sales. Current P/E ratio is 30.37 and Fwd P/E is 21.05. Profit margin for the company is 8.17%. Distance from 52-week low is 25.16% and -19.34% from its 52-week high. The company has generated returns on investments over the last 12 months (11.21%).

with sales reaching $1.6B over the same period.The EPS is expected to grow by 44.87% this year, but quarterly earnings will post 7.30% year-over-year.

Warner Music Group Corp (WMG) Top Institutional Holders

The shares outstanding are 138.34M, and float is at 133.92M with Short Float at 3.35%.

Warner Music Group Corp (WMG) Insider Activity

The most recent transaction is an insider sale by Benet Lincoln E,the company’sDirector. SEC filings show that Benet Lincoln E sold 71,981 shares of the company’s common stock on Feb 15 ’24 at a price of $36.12 per share for a total of $2.6 million. Following the sale, the insider now owns 0.28 million shares.

Warner Music Group Corp disclosed in a document filed with the SEC on Dec 05 ’23 that Lousada Max (CEO, Recorded Music) sold a total of 869,008 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $33.36 per share for $28.99 million. Following the transaction, the insider now directly holds 1.88 million shares of the WMG stock.

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