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Warner Music Group Corp. (WMG)
32.69  0.29 (0.9%)    04-29 15:47
Open: 32.6
High: 32.85
Volume: 686,978
  
Pre. Close: 32.4
Low: 32.34
Market Cap: 16,930(M)
Technical analysis
2024-04-29 3:26:51 PM
Short term     
Mid term     
Targets 6-month :  39.46 1-year :  41.24
Resists First :  33.78 Second :  35.31
Pivot price 33.22
Supports First :  31.31 Second :  26.05
MAs MA(5) :  32.15 MA(20) :  33.37
MA(100) :  34.57 MA(250) :  31.9
MACD MACD :  -0.5 Signal :  -0.4
%K %D K(14,3) :  22.6 D(3) :  12.5
RSI RSI(14): 45.6
52-week High :  38.04 Low :  23.62
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 above bottom band by 37.5%. Bollinger Bands are 42.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 2 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 32.52 - 32.71 32.71 - 32.9
Low: 30.97 - 31.2 31.2 - 31.42
Close: 32.04 - 32.39 32.39 - 32.71
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

Mon, 29 Apr 2024
Warner Music Group Corp. (NASDAQ:WMG) Receives Average Recommendation of "Moderate Buy" from Analysts - MarketBeat

Fri, 26 Apr 2024
K.J. Harrison & Partners Inc Sells 28000 Shares of Warner Music Group Corp. (NASDAQ:WMG) - MarketBeat

Wed, 24 Apr 2024
Warner Music Group sells Uproxx, HipHopDX and other media assets to Uproxx Founder and CEO Jarret Myer - Music Business Worldwide

Tue, 23 Apr 2024
Analysts Estimate Warner Music Group Corp. (WMG) to Report a Decline in Earnings: What to Look Out for - Yahoo New Zealand News

Mon, 22 Apr 2024
Is Now An Opportune Moment To Examine Warner Music Group Corp. (NASDAQ:WMG)? - Yahoo Finance

Wed, 17 Apr 2024
Should You Investigate Warner Music Group Corp. (NASDAQ:WMG) At US$33.66? - Simply Wall St

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).
Outperform
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 141 (M)
Shares Float 133 (M)
Held by Insiders 7 (%)
Held by Institutions 92.6 (%)
Shares Short 3,830 (K)
Shares Short P.Month 2,590 (K)
Stock Financials
EPS 0.88
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0.88
Profit Margin 7.4 %
Operating Margin 19.2 %
Return on Assets (ttm) 6.8 %
Return on Equity (ttm) 113.1 %
Qtrly Rev. Growth 17.5 %
Gross Profit (p.s.) 0
Sales Per Share 44.75
EBITDA (p.s.) 9.02
Qtrly Earnings Growth 30.5 %
Operating Cash Flow 771 (M)
Levered Free Cash Flow 726 (M)
Stock Valuations
PE Ratio 36.76
PEG Ratio 2.7
Price to Book value 36.76
Price to Sales 0.73
Price to Cash Flow 5.97
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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