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 1.47% and 23.38% over the past three months. TME shares are trading 27.40% year to date (YTD), with the 12-month market performance up to 29.22% higher. It has a 12-month low price of $9.41 and touched a high of $15.77 over the same period. TME has an average intraday trading volume of 8.31 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 5.42%, 12.05%, and 17.39% respectively.
Institutional ownership of Tencent Music Entertainment Group ADR (NYSE: TME) shares accounts for 68.72% of the company’s 699.71M shares outstanding.
It has a market capitalization of $10.12B and a beta (3y monthly) value of 0.49. The stock’s trailing 12-month PE ratio is 24.49, while the earnings-per-share (ttm) stands at $0.59. The company has a PEG of 1.32 and a Quick Ratio of 2.09 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 2.78% over the week and 4.13% over the month.
Earnings per share for the fiscal year are expected to increase by 18.62%, and 16.03% over the next financial year. EPS should grow at an annualized rate of 18.55% over the next five years, compared to 11.19% over the past 5-year period.
Barclays was of a view on November 06, 2024 that the stock is Overweight, while Bernstein gave the stock Outperform rating on November 04, 2024, issuing a price target of $14. Morgan Stanley on their part issued Equal-Weight rating on September 25, 2024.
