On Friday, Tencent Music Entertainment Group ADR (NYSE: TME) opened lower -4.35% from the last session, before settling in for the closing price of $13.55. Price fluctuations for TME have ranged from $5.70 to $15.77 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 7.54%. Company’s average yearly earnings per share was noted 34.10% at the time writing. With a float of $685.44 million, this company’s outstanding shares have now reached $699.71 million.
Let’s determine the extent of company efficiency that accounts for 5185 employees.
Tencent Music Entertainment Group ADR (TME) Insider Activity
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Tencent Music Entertainment Group ADR is 2.04%, while institutional ownership is 70.84%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
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 34.10% 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
Check out the current performance indicators for Tencent Music Entertainment Group ADR (TME). In the past 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 2.36.
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)
Looking closely at Tencent Music Entertainment Group ADR (NYSE: TME), its last 5-days average volume was 6.36 million, which is a drop from its year-to-date volume of 8.09 million. As of the previous 9 days, the stock’s Stochastic %D was 57.21%. Additionally, its Average True Range was 0.61.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 48.53%, which indicates a significant increase from 35.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.17% in the past 14 days, which was higher than the 43.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.29, while its 200-day Moving Average is $11.20. However, in the short run, Tencent Music Entertainment Group ADR’s stock first resistance to watch stands at $13.38. Second resistance stands at $13.79. The third major resistance level sits at $14.07. If the price goes on to break the first support level at $12.68, it is likely to go to the next support level at $12.40. Should the price break the second support level, the third support level stands at $11.99.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
There are currently 1,716,077K shares outstanding in the company with a market cap of 9.07 billion. Presently, the company’s annual sales total 3,921 M according to its annual income of 695,200 K. Last quarter, the company’s sales amounted to 937,000 K and its income totaled 197,000 K.
