Currently, there are 699.71M common shares owned by the public and among those 689.04M shares have been available to trade.
The company’s stock has a 5-day price change of -2.78% and -27.86% over the past three months. TME shares are trading 12.65% year to date (YTD), with the 12-month market performance up to 52.17% higher. It has a 12-month low price of $5.96 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 8.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.85%, -21.25%, and -11.78% respectively.
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Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 66.43% of the company’s 699.71M shares outstanding.
It has a market capitalization of $7.10B and a beta (3y monthly) value of 0.65. The stock’s trailing 12-month PE ratio is 20.54, while the earnings-per-share (ttm) stands at $0.49. The company has a PEG of 1.04 and a Quick Ratio of 2.34 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 3.67% over the month.
Earnings per share for the fiscal year are expected to increase by 35.90%, and 19.52% over the next financial year. EPS should shrink at an annualized rate of 19.66% over the next five years, compared to 19.83% over the past 5-year period.
Goldman coverage for the Tencent Music Entertainment Group ADR (TME) stock in a research note released on March 20, 2024 offered a Buy rating with a price target of $14. Citigroup was of a view on March 20, 2024 that the stock is Buy, while Redburn Atlantic gave the stock Buy rating on February 05, 2024, issuing a price target of $12. CLSA on their part issued Outperform rating on February 05, 2024.
