As on July 27, 2021, Tencent Music Entertainment Group (NYSE: TME) started slowly as it slid -4.78% to $9.96. During the day, the stock rose to $10.405 and sunk to $9.615 before settling in for the price of $10.46 at the close. Taking a more long-term approach, TME posted a 52-week range of $9.51-$32.25.
Nevertheless, stock’s Earnings Per Share (EPS) this year is 3.90%. This publicly-traded company’s shares outstanding now amounts to $1.68 billion, simultaneously with a float of $753.53 million. The organization now has a market capitalization sitting at $18.11 billion. At the time of writing, stock’s 50-day Moving Average stood at $14.35, while the 200-day Moving Average is $18.83.
It is quite necessary to find out the efficiency of the corporate organization, which has 4769 number of employees on its payroll. It has generated 885,658 per worker during the last fiscal year. Meanwhile, its income per employee was 126,228. The stock had 10.54 Receivables turnover and 0.47 Total Asset turnover. For the Profitability, stocks gross margin was +31.12, operating margin was +12.78 and Pretax Margin of +15.82.
Tencent Music Entertainment Group (TME) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Internet Content & Information industry. Tencent Music Entertainment Group’s current insider ownership accounts for 9.76%, in contrast to 66.60% institutional ownership.
Tencent Music Entertainment Group (TME) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/30/2021, the company posted $0.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.09) by $0.02. 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 0.11 per share during the current fiscal year.
Tencent Music Entertainment Group’s EPS increase for this current 12-month fiscal period is 3.90% and is forecasted to reach 0.55 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 3.10. The Stock has managed to achieve an average true range (ATR) of 0.67. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.82. Similarly, its price to free cash flow for trailing twelve months is now 20.57.
In the same vein, TME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.39, a figure that is expected to reach 0.10 in the next quarter, and analysts are predicting that it will be 0.55 at the market close of one year from today.
Technical Analysis of Tencent Music Entertainment Group (TME)
Through scrutinizing the latest numbers posted by the [Tencent Music Entertainment Group, TME], it can be observed that its last 5-days Average volume of 21.54 million was lower the volume of 24.26 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 15.91% While, its Average True Range was 0.73.
Raw Stochastic average of Tencent Music Entertainment Group (TME) in the period of the previous 100 days is set at 1.98%, which indicates a major fall in contrast to 11.78% 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 53.84% that was lower than 73.26% volatility it exhibited in the past 100-days period.