While Warner Music Group Corp has underperformed by -0.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WMG rose by 7.78%, with highs and lows ranging from $38.05 to $23.62, whereas the simple moving average fell by -0.09% in the last 200 days.
On February 05, 2024, Redburn Atlantic Upgraded Warner Music Group Corp (NASDAQ: WMG) to Neutral. A report published by Wells Fargo on November 15, 2023, Initiated its previous ‘Equal Weight’ rating for WMG. UBS also Upgraded WMG shares as ‘Buy’, setting a target price of $37 on the company’s shares in a report dated October 03, 2023. TD Cowen Initiated an Outperform rating on July 25, 2023, and assigned a price target of $38. UBS initiated its ‘Neutral’ rating for WMG, as published in its report on June 29, 2023. Atlantic Equities’s report from June 02, 2023 suggests a price prediction of $26 for WMG shares, giving the stock a ‘Neutral’ rating. Guggenheim also rated the stock as ‘Buy’.
Analysis of Warner Music Group Corp (WMG)
Investors in Warner Music Group Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.67 per share. Further, the quarter-over-quarter increase in sales is 17.47%, showing a positive trend in the upcoming months.
One of the most important indicators of Warner Music Group Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 125.51% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and WMG is recording 1.50M average volume. On a monthly basis, the volatility of the stock is set at 2.77%, whereas on a weekly basis, it is put at 2.90%, with a loss of -4.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.73, showing growth from the present price of $33.11, which can serve as yet another indication of whether WMG is worth investing in or should be passed over.
How Do You Analyze Warner Music Group Corp Shares?
The Entertainment market is dominated by Warner Music Group Corp (WMG) based in the USA. When comparing Warner Music Group Corp shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 37.15, there is a growth in quarterly earnings of 30.47%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 74.29%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 24.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WMG shares are owned by institutional investors to the tune of 24.30% at present.
