A new trading day began on Friday, with Tencent Music Entertainment Group ADR (NYSE: TME) stock price down -4.01% from the previous day of trading, before settling in for the closing price of $10.97. TME’s price has ranged from $5.96 to $15.77 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 7.54% over the last five years. Meanwhile, its annual earnings per share averaged 35.46%. With a float of $688.10 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. In terms of profitability, gross margin is 37.25%, operating margin of 24.12%, and the pretax margin is 23.95%.
Tencent Music Entertainment Group ADR (TME) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Tencent Music Entertainment Group ADR is 2.04%, while institutional ownership is 67.34%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 35.46% 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
Here are Tencent Music Entertainment Group ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.49, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.70 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 18.59 million was better than the volume posted last year of 8.42 million. As of the previous 9 days, the stock’s Stochastic%D was 5.80%. Additionally, its Average True Range was 0.66.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 0.95%, which indicates a significant decrease from 1.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.54% in the past 14 days, which was higher than the 49.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.99, while its 200-day Moving Average is $11.31. Now, the first resistance to watch is $10.82. This is followed by the second major resistance level at $11.11. The third major resistance level sits at $11.28. If the price goes on to break the first support level at $10.36, it is likely to go to the next support level at $10.19. Should the price break the second support level, the third support level stands at $9.90.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
With a market capitalization of 7.37 billion, the company has a total of 1,716,077K Shares Outstanding. Currently, annual sales are 3,921 M while annual income is 695,200 K. The company’s previous quarter sales were 937,000 K while its latest quarter income was 197,000 K.
