Tencent Music Entertainment Group ADR (TME) concluded trading on Wednesday at a closing price of $14.25, with 5.7 million shares of worth about $81.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.15% during that period and on May 07, 2025 the price saw a loss of about -1.11%. 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 6.18% in past 5 days and over the past one month there was a price change of 11.76%. Year-to-date (YTD), TME shares are showing a performance of 25.55% which increased to 5.56% 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 8.51 million. The stock is currently trading 8.53% above its 20-day simple moving average (SMA20), while that difference is up 6.94% for SMA50 and it goes to 17.34% higher than SMA200.
Tencent Music Entertainment Group ADR (NYSE: TME) currently have 699.71M outstanding shares and institutions hold larger chunk of about 70.55% of that.
The stock has a current market capitalization of $9.97B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 24.13, while it has posted earnings per share of $0.59 in the same period. Its PEG reads 1.36 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 3.04% while standing at 4.28% over the month.
Stock’s fiscal year EPS is expected to rise by 21.35% while it is estimated to increase by 16.32% in next year. EPS is likely to grow at an annualized rate of 17.80% 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.
