Witnessing the stock’s movement on the chart, on April 06, 2021, Tencent Music Entertainment Group (NYSE: TME) set off with pace as it heaved 5.94% to $20.16. During the day, the stock rose to $20.57 and sunk to $19.37 before settling in for the price of $19.03 at the close. Taking a more long-term approach, TME posted a 52-week range of $10.23-$32.25.
Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.20%. This publicly-traded company’s shares outstanding now amounts to $1.66 billion, simultaneously with a float of $589.18 million. The organization now has a market capitalization sitting at $34.46 billion. At the time of writing, stock’s 50-day Moving Average stood at $25.82, while the 200-day Moving Average is $18.76.
If we measure the efficiency of the company that is accounted for 3610 employees. For the Profitability, stocks gross margin was +33.25, operating margin was +12.78 and Pretax Margin of +15.82.
Tencent Music Entertainment Group (TME) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Internet Content & Information industry. Tencent Music Entertainment Group’s current insider ownership accounts for 12.15%, in contrast to 88.30% institutional ownership.
Tencent Music Entertainment Group (TME) Earnings and Revenue Records
As on 12/30/2020, Multinational firm has announced its last quarter scores, in which it reported $0.12 earnings per share (EPS) for the period topping the consensus outlook (set at $0.12) by $0. This company achieved a net margin of +14.25 while generating a return on equity of 8.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
Tencent Music Entertainment Group’s EPS increase for this current 12-month fiscal period is 4.20% and is forecasted to reach 0.68 in the upcoming year.
Tencent Music Entertainment Group (NYSE: TME) Trading Performance Indicators
Let’s observe the current performance indicators for Tencent Music Entertainment Group (TME). It’s Quick Ratio in the last reported quarter now stands at 3.30. The Stock has managed to achieve an average true range (ATR) of 2.22. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.74. Similarly, its price to free cash flow for trailing twelve months is now 46.22.
In the same vein, TME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.38, a figure that is expected to reach 0.09 in the next quarter, and analysts are predicting that it will be 0.68 at the market close of one year from today.
Technical Analysis of Tencent Music Entertainment Group (TME)
Going through the that latest performance of [Tencent Music Entertainment Group, TME]. Its last 5-days volume of 80.63 million indicated improvement to the volume of 31.68 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 21.93% While, its Average True Range was 2.34.
Raw Stochastic average of Tencent Music Entertainment Group (TME) in the period of the previous 100 days is set at 33.02%, which indicates a major rise in contrast to 24.16% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 153.00% that was higher than 80.83% volatility it exhibited in the past 100-days period.