On Monday, Tencent Music Entertainment Group ADR (NYSE: TME) was -0.71% drop from the session before settling in for the closing price of $14.09. A 52-week range for TME has been $5.70 – $15.77.
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Communication Services Sector giant saw their annual sales surged by 7.54% over the last five years. When this article was written, the company’s average yearly earnings per share was at 34.91%. With a float of $685.44 million, this company’s outstanding shares have now reached $699.71 million.
The firm has a total of 5185 workers. Let’s measure their productivity.
Tencent Music Entertainment Group ADR (TME) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tencent Music Entertainment Group ADR stocks. The insider ownership of Tencent Music Entertainment Group ADR is 2.04%, while institutional ownership is 68.06%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 0.14 earnings per share (EPS) during the time that was better than consensus figure (set at 0.14) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.66% during the next five years compared to 19.83% growth over the previous five years of trading.
Tencent Music Entertainment Group ADR (NYSE: TME) Trading Performance Indicators
You can see what Tencent Music Entertainment Group ADR (TME) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.71 in one year’s time.
Technical Analysis of Tencent Music Entertainment Group ADR (TME)
Analysing the last 5-days average volume posted by the [Tencent Music Entertainment Group ADR, TME], we can find that recorded value of 7.35 million was lower than the volume posted last year of 8.17 million. As of the previous 9 days, the stock’s Stochastic %D was 16.90%. Additionally, its Average True Range was 0.50.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 71.57%, which indicates a significant increase from 9.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.28% in the past 14 days, which was lower than the 42.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.60, while its 200-day Moving Average is $10.91. Now, the first resistance to watch is $14.24. This is followed by the second major resistance level at $14.48. The third major resistance level sits at $14.64. If the price goes on to break the first support level at $13.84, it is likely to go to the next support level at $13.68. Should the price break the second support level, the third support level stands at $13.44.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
There are 1,716,077K outstanding shares of the company, which has a market capitalization of 9.79 billion. As of now, sales total 3,921 M while income totals 695,200 K. Its latest quarter income was 937,000 K while its last quarter net income were 197,000 K.
