Tencent Music Entertainment Group ADR (TME) concluded trading on Wednesday at a closing price of $18.61, with 5.9 million shares of worth about $109.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.34% during that period and on June 18, 2025 the price saw a gain of about 2.25%. 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 0.16% in past 5 days and over the past one month there was a price change of 11.17%. Year-to-date (YTD), TME shares are showing a performance of 63.96% which increased to 25.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.41 but also hit the highest price of $19.40 during that period. The average intraday trading volume for Tencent Music Entertainment Group ADR shares is 7.74 million. The stock is currently trading 3.95% above its 20-day simple moving average (SMA20), while that difference is up 20.27% for SMA50 and it goes to 44.83% higher than SMA200.
Tencent Music Entertainment Group ADR (NYSE: TME) currently have 699.71M outstanding shares and institutions hold larger chunk of about 73.57% of that.
The stock has a current market capitalization of $13.02B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 22.02, while it has posted earnings per share of $0.85 in the same period. Its PEG reads 1.09 and has Quick Ratio of 1.83 while making debt-to-equity ratio of 0.08. 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 3.03% while standing at 2.14% over the month.
Analysts are in expectations that Tencent Music Entertainment Group ADR (TME) stock would likely to be making an EPS of 1.47 in the current quarter, while forecast for next quarter EPS is 1.43 and it is 6.72 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.42 which is 1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 48.76% while it is estimated to decrease by -2.47% in next year. EPS is likely to grow at an annualized rate of 20.16% 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.
