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 24.54% and -12.60% over the past three months. TME shares are trading 36.29% year to date (YTD), with the 12-month market performance up to 95.54% higher. It has a 12-month low price of $6.09 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 9.53 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 19.90%, 5.67%, and 5.58% respectively.
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Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 64.76% of the company’s 699.71M shares outstanding.
It has a market capitalization of $8.59B and a beta (3y monthly) value of 0.65. The stock’s trailing 12-month PE ratio is 24.85, while the earnings-per-share (ttm) stands at $0.49. The company has a PEG of 1.42 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 7.77% over the week and 4.17% over the month.
Earnings per share for the fiscal year are expected to increase by 35.61%, and 19.26% over the next financial year. EPS should shrink at an annualized rate of 17.46% over the next five years, compared to 19.83% over the past 5-year period.
Looking at the support for the TME, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on September 25, 2024, with the firm’s price target at $13. Goldman was of a view on March 20, 2024 that the stock is Buy, while Citigroup gave the stock Buy rating on March 20, 2024, issuing a price target of $9- $13. Redburn Atlantic on their part issued Buy rating on February 05, 2024.
