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Warner Music Group Corp. (WMG)
30.796  0.656 (2.18%)    07-12 14:45
Open: 30.47
High: 30.85
Volume: 3,225,236
  
Pre. Close: 30.14
Low: 30.05
Market Cap: 15,950(M)
Technical analysis
2024-07-12 2:25:32 PM
Short term     
Mid term     
Targets 6-month :  37.3 1-year :  43.57
Resists First :  31.94 Second :  37.3
Pivot price 30.38
Supports First :  30.16 Second :  29.06
MAs MA(5) :  30.25 MA(20) :  30.54
MA(100) :  32.44 MA(250) :  32.93
MACD MACD :  -0.3 Signal :  -0.3
%K %D K(14,3) :  55.6 D(3) :  37.5
RSI RSI(14): 51.3
52-week High :  38.04 Low :  28.7
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ WMG ] has closed below upper band by 20.9%. Bollinger Bands are 61.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 8 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 30.29 - 30.46 30.46 - 30.62
Low: 29.25 - 29.47 29.47 - 29.68
Close: 29.82 - 30.14 30.14 - 30.44
Company Description

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

Headline News

Fri, 12 Jul 2024
Warner Music Group (NASDAQ:WMG) Now Covered by Wolfe Research - Defense World

Fri, 12 Jul 2024
Warner Music Group (NASDAQ:WMG) Coverage Initiated by Analysts at Jefferies Financial Group - Defense World

Thu, 11 Jul 2024
Warner Music Group Corp. (NASDAQ:WMG) Short Interest Up 122.8% in June - MarketBeat

Thu, 11 Jul 2024
Warner Music Group (NASDAQ:WMG) Receives “Sell” Rating from Redburn Atlantic - American Banking and Market News

Wed, 10 Jul 2024
Warner Music Group's (WMG) Sell Rating Reiterated at Redburn Atlantic - MarketBeat

Wed, 10 Jul 2024
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, August 8, 2024 - StockTitan

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Communication Services
Industry:
Entertainment
Shares Out 142 (M)
Shares Float 134 (M)
Held by Insiders 7 (%)
Held by Institutions 97.9 (%)
Shares Short 4,250 (K)
Shares Short P.Month 4,490 (K)
Stock Financials
EPS 1
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0.83
Profit Margin 8.2 %
Operating Margin 13.3 %
Return on Assets (ttm) 7.2 %
Return on Equity (ttm) 133.2 %
Qtrly Rev. Growth 6.8 %
Gross Profit (p.s.) 0
Sales Per Share 45.12
EBITDA (p.s.) 9.25
Qtrly Earnings Growth 186.8 %
Operating Cash Flow 746 (M)
Levered Free Cash Flow 683 (M)
Stock Valuations
PE Ratio 30.44
PEG Ratio 2.3
Price to Book value 36.6
Price to Sales 0.68
Price to Cash Flow 5.83
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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