Tencent Music Entertainment Group ADR (TME) concluded trading on Wednesday at a closing price of $10.14, with 7.17 million shares of worth about $72.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.00% during that period and on Wednesday the price saw a gain of about 2.22%. Currently the company’s common shares owned by public are about 696.11M shares, out of which, 688.98M shares are available for trading.
Stock saw a price change of 5.30% in past 5 days and over the past one month there was a price change of 20.43%. Year-to-date (YTD), TME shares are showing a performance of 12.54% which increased to 26.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.70 but also hit the highest price of $10.69 during that period. The average intraday trading volume for Tencent Music Entertainment Group ADR shares is 8.54 million. The stock is currently trading 7.18% above its 20-day simple moving average (SMA20), while that difference is up 12.05% for SMA50 and it goes to 33.10% higher than SMA200.
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Tencent Music Entertainment Group ADR (NYSE: TME) currently have 696.11M outstanding shares and institutions hold larger chunk of about 61.41% of that.
The stock has a current market capitalization of $7.06B and its 3Y-monthly beta is at 0.79. PE ratio of stock for trailing 12 months is 23.82, while it has posted earnings per share of $0.43 in the same period. Its PEG reads 10.36 and has Quick Ratio of 2.46 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TME, volatility over the week remained 4.03% while standing at 3.82% over the month.
Analysts are in expectations that Tencent Music Entertainment Group ADR (TME) stock would likely to be making an EPS of $0.14 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.57 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 44.91% while it is estimated to increase by 11.68% in next year. EPS is likely to shrink at an annualized rate of 2.30% for next 5-years, compared to annual growth of 23.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on February 05, 2024 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by CLSA stated Tencent Music Entertainment Group ADR (TME) stock as an Outperform in their note to investors on February 05, 2024, suggesting a price target of $10.50 for the stock. Stock get a Neutral rating from Citigroup on July 31, 2023.
