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 9.46% and 1.81% over the past three months. TME shares are trading 3.96% year to date (YTD), with the 12-month market performance up to 31.99% higher. It has a 12-month low price of $8.71 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 6.74 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 6.64%, 3.10%, and -4.98% respectively.
Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 68.01% of the company’s 699.71M shares outstanding.
It has a market capitalization of $8.26B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 22.12, while the earnings-per-share (ttm) stands at $0.53. The company has a PEG of 0.97 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 3.33% over the week and 3.25% over the month.
Earnings per share for the fiscal year are expected to increase by 37.19%, and 17.01% over the next financial year. EPS should grow at an annualized rate of 22.81% over the next five years, compared to 21.27% over the past 5-year period.
Barclays coverage for the Tencent Music Entertainment Group ADR (TME) stock in a research note released on November 06, 2024 offered a Overweight rating with a price target of $16. Bernstein was of a view on November 04, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on September 25, 2024, issuing a price target of $13. Daiwa Securities on their part issued Neutral rating on August 13, 2024.
