Currently, there are 699.71M common shares owned by the public and among those 693.71M shares have been available to trade.
The company’s stock has a 5-day price change of -14.13% and 18.95% over the past three months. TME shares are trading 25.42% year to date (YTD), with the 12-month market performance up to 25.28% higher. It has a 12-month low price of $8.15 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 8.81 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 -4.46%, -4.03%, and -8.65% respectively.
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Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 68.73% of the company’s 699.71M shares outstanding.
It has a market capitalization of $7.91B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 21.18, while the earnings-per-share (ttm) stands at $0.53. The company has a PEG of 1.18 and a Quick Ratio of 2.26 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.95% over the week and 3.97% over the month.
Earnings per share for the fiscal year are expected to increase by 37.76%, and 16.97% over the next financial year. EPS should shrink at an annualized rate of 18.00% 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. Barclays stated their Overweight rating for the stock in a research note on November 06, 2024, with the firm’s price target at $16. Bernstein coverage for the Tencent Music Entertainment Group ADR (TME) stock in a research note released on November 04, 2024 offered a Outperform rating with a price target of $14. Goldman on their part issued Buy rating on March 20, 2024.
