The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Warner Music Group Corp’s current trading price is -19.34% away from its 52-week high, while its distance from the 52-week low is 25.16%. The stock’s price range for this period has been between $24.52 and $38.05 The company’s shares, which are part of the Communication Services sector, had a trading volume of approximately 6.37 million for the day, a number notably higher than the average daily volume of 1.71 million over the last three months.
Warner Music Group Corp saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $38.05 on 02/08/24, while the lowest price for the same duration was marked at $24.52 on 06/12/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Warner Music Group Corp (WMG) has experienced a quarterly decline of -9.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.89B and boasts a workforce of 5900 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 33.72, with a change in price of -5.11. Similarly, Warner Music Group Corp recorded 1,687,826 in trading volume during the last 100 days, posting a change of -14.27%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for WMG stands at 9.85. Similarly, the long-term debt-to-equity ratio is also 9.75.
WMG Stock Stochastic Average
Warner Music Group Corp’s raw stochastic average for the past 50 days is presently 22.87%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 39.15%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 20.81% and 17.07%, respectively.
WMG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price decrease of -14.25%. However, over the past six months, we’ve seen a stronger performance of -9.92%. The price of WMG leaped by -5.77% over the last 30 days. And in the last five days, it has fallen by -1.38%.
