The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -14.57%.However, over the last six months, we can see a weaker performance of 0.54%. Over the last 30 days, the price of WMG has leaped by -3.64%. And in the last five days, it has fallen by -8.27%.
Warner Music Group Corp experienced a rather shaky stock market performance. The highest value in the past year was recorded at $38.05 on 02/08/24 and the lowest value was $27.06 on 08/05/24.
52-week price history of WMG Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Warner Music Group Corp’s current trading price is -19.65% away from its 52-week high, while its distance from the 52-week low is 12.99%. The stock’s price range during this period has varied between$27.06 and $38.05. The Warner Music Group Corp’s shares, which operate in the Communication Services, saw a trading volume of around 2.08 million for the day, a figure considerably higher than their average daily volume of 1.37 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Warner Music Group Corp (WMG) has experienced a quarterly rise of 5.07% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.84B and boasts a workforce of 5900 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 30.54, with a change in price of +0.14. Similarly, Warner Music Group Corp recorded 1,685,899 in trading volume during the last 100 days, posting a change of +0.46%.
WMG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for WMG stands at 8.81. Similarly, the long-term debt-to-equity ratio is also 8.72.
WMG Stock Stochastic Average
Warner Music Group Corp’s raw stochastic average for the past 50 days is presently 37.88%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 12.51%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 61.52% and 77.69%, respectively.
