The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -4.92% this year. Over the last six months, there has been a weaker performance of 1.13%. The price of WMG leaped by -6.51% during the last 30 days period. For the last 5-days stocks have slided -2.58%.
Warner Music Group Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $38.05 on 02/08/24, and the lowest price during that time was $23.62, recorded on 05/31/23.
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52-week price history of WMG Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Warner Music Group Corp’s current trading price is -10.57% away from its 52-week high, while its distance from the 52-week low is 44.07%. The stock’s price range over this timeframe has been between $23.62 and $38.05. The shares of the Communication Services sector company recorded a trading volume of approximately 1.95 million for the day, which was comparatively higher than the average daily volume of 1.41 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Warner Music Group Corp (WMG) has experienced a quarterly decline of -1.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.62B and boasts a workforce of 5900 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 34.27, with a change in price of +1.63. Similarly, Warner Music Group Corp recorded 1,423,579 in trading volume during the last 100 days, posting a change of +5.03%.
WMG’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for WMG stands at 9.28. Similarly, the long-term debt-to-equity ratio is also 9.19.
WMG Stock Stochastic Average
The raw stochastic average for Warner Music Group Corp over the last 50 days is presently at 12.42%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 12.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 26.98% and 32.12%, respectively.
