Tencent Music Entertainment Group ADR (NYSE: TME) on Tuesday, soared 5.87% from the previous trading day, before settling in for the closing price of $12.60. Within the past 52 weeks, TME’s price has moved between $5.70 and $15.77.
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A company in the Communication Services sector has jumped its sales by 7.54% annually for the last half of the decade. The company achieved an average annual earnings per share of 34.39%. With a float of $685.44 million, this company’s outstanding shares have now reached $699.71 million.
In an organization with 5185 employees, it is important to assess its efficiency.
Tencent Music Entertainment Group ADR (TME) Insider Updates
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Tencent Music Entertainment Group ADR is 2.04%, while institutional ownership is 71.24%.
Tencent Music Entertainment Group ADR (TME) Performance Highlights and Predictions
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 34.39% 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
Tencent Music Entertainment Group ADR (TME) is currently performing well based on its current performance indicators. A quick ratio of 2.67 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.43.
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 0.72 in one year’s time.
Technical Analysis of Tencent Music Entertainment Group ADR (TME)
Let’s dig in a bit further. During the last 5-days, its volume was 7.61 million. That was inferior than the volume of 8.13 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.86%. Additionally, its Average True Range was 0.62.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 56.72%, which indicates a significant increase from 46.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.53% in the past 14 days, which was higher than the 43.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.39, while its 200-day Moving Average is $11.11. However, in the short run, Tencent Music Entertainment Group ADR’s stock first resistance to watch stands at $13.68. Second resistance stands at $14.01. The third major resistance level sits at $14.44. If the price goes on to break the first support level at $12.91, it is likely to go to the next support level at $12.48. Assuming the price breaks the second support level, the third support level stands at $12.15.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
Market capitalization of the company is 9.33 billion based on 1,716,077K outstanding shares. Right now, sales total 3,921 M and income totals 695,200 K. The company made 937,000 K in profit during its latest quarter, and 197,000 K in sales during its previous quarter.
