Tencent Music Entertainment Group ADR (TME) concluded trading on Wednesday at a closing price of $14.40, with 4.46 million shares of worth about $64.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.45% during that period and on March 26, 2025 the price saw a gain of about 1.05%. 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 -2.11% in past 5 days and over the past one month there was a price change of 13.30%. Year-to-date (YTD), TME shares are showing a performance of 26.87% which increased to 31.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.41 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 8.15 million. The stock is currently trading 8.16% above its 20-day simple moving average (SMA20), while that difference is up 14.40% for SMA50 and it goes to 16.95% higher than SMA200.
Tencent Music Entertainment Group ADR (NYSE: TME) currently have 699.71M outstanding shares and institutions hold larger chunk of about 68.81% of that.
The stock has a current market capitalization of $10.08B and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 24.39, while it has posted earnings per share of $0.59 in the same period. Its PEG reads 1.32 and has Quick Ratio of 2.09 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 2.79% while standing at 4.31% over the month.
Stock’s fiscal year EPS is expected to rise by 22.74% while it is estimated to increase by 16.08% in next year. EPS is likely to grow at an annualized rate of 18.51% for next 5-years, compared to annual growth of 11.19% made by the stock over the past 5-years.
On November 06, 2024, Barclays Initiated their recommendations, while on November 04, 2024, Bernstein Initiated their ratings for the stock with a price target of $14. Stock get an Equal-weight rating from Morgan Stanley on September 25, 2024.
