Tencent Music Entertainment Group ADR (TME) concluded trading on Wednesday at a closing price of $13.48, with 8.53 million shares of worth about $114.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.12% during that period and on March 05, 2025 the price saw a gain of about 6.56%. 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 4.25% in past 5 days and over the past one month there was a price change of 14.53%. Year-to-date (YTD), TME shares are showing a performance of 18.77% which increased to 29.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.15 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 7.38 million. The stock is currently trading 5.21% above its 20-day simple moving average (SMA20), while that difference is up 13.02% for SMA50 and it goes to 8.65% higher than SMA200.
Tencent Music Entertainment Group ADR (NYSE: TME) currently have 699.71M outstanding shares and institutions hold larger chunk of about 69.06% of that.
The stock has a current market capitalization of $9.43B and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 25.27, while it has posted earnings per share of $0.53 in the same period. Its PEG reads 1.10 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 3.72% while standing at 4.54% over the month.
Stock’s fiscal year EPS is expected to rise by 37.02% while it is estimated to increase by 16.84% in next year. EPS is likely to grow at an annualized rate of 22.88% for next 5-years, compared to annual growth of 21.27% made by the stock over the past 5-years.
Coverage by Barclays stated Tencent Music Entertainment Group ADR (TME) stock as an Overweight in their note to investors on November 06, 2024, suggesting a price target of $16 for the stock. On November 04, 2024, Bernstein Initiated their recommendations, while on September 25, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $13. Stock get a Neutral rating from Daiwa Securities on August 13, 2024.
