Tencent Music Entertainment Group ADR (TME) concluded trading on Tuesday at a closing price of $11.89, with 2.02 million shares of worth about $24.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.39% during that period and on December 24, 2024 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 699.71M shares, out of which, 693.71M shares are available for trading.
Stock saw a price change of 0.42% in past 5 days and over the past one month there was a price change of 2.60%. Year-to-date (YTD), TME shares are showing a performance of 31.30% which increased to 39.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.19 but also hit the highest price of $15.77 during that period. The average intraday trading volume for Tencent Music Entertainment Group ADR shares is 8.72 million. The stock is currently trading -0.55% below its 20-day simple moving average (SMA20), while that difference is up 1.92% for SMA50 and it goes to -4.28% lower than SMA200.
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Tencent Music Entertainment Group ADR (NYSE: TME) currently have 699.71M outstanding shares and institutions hold larger chunk of about 68.71% of that.
The stock has a current market capitalization of $8.32B and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 22.29, while it has posted earnings per share of $0.53 in the same period. Its PEG reads 1.15 and has Quick Ratio of 2.26 while making debt-to-equity ratio of 0.09. 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 2.51% while standing at 3.70% over the month.
Stock’s fiscal year EPS is expected to rise by 37.63% while it is estimated to increase by 16.97% in next year. EPS is likely to shrink at an annualized rate of 19.30% for next 5-years, compared to annual growth of 19.83% 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 Barclays on November 06, 2024 offering an Overweight rating for the stock and assigned a target price of $16 to it. Coverage by Bernstein stated Tencent Music Entertainment Group ADR (TME) stock as an Outperform in their note to investors on November 04, 2024, suggesting a price target of $14 for the stock. Stock get a Buy rating from Goldman on March 20, 2024.
