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 1.47% and -11.54% over the past three months. TME shares are trading 30.19% year to date (YTD), with the 12-month market performance up to 56.61% higher. It has a 12-month low price of $6.76 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 9.82 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 -0.77%, 3.63%, and -3.03% respectively.
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Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 65.69% of the company’s 699.71M shares outstanding.
It has a market capitalization of $8.21B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 23.74, while the earnings-per-share (ttm) stands at $0.49. The company has a PEG of 1.18 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 2.62% over the week and 3.44% over the month.
Earnings per share for the fiscal year are expected to increase by 36.99%, and 19.09% over the next financial year. EPS should grow at an annualized rate of 20.19% 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. Bernstein stated their Outperform rating for the stock in a research note on November 04, 2024, with the firm’s price target at $14. Morgan Stanley coverage for the Tencent Music Entertainment Group ADR (TME) stock in a research note released on September 25, 2024 offered a Equal-Weight rating with a price target of $13. Daiwa Securities was of a view on August 13, 2024 that the stock is Neutral, while Goldman gave the stock Buy rating on March 20, 2024, issuing a price target of $14. Citigroup on their part issued Buy rating on March 20, 2024.
