Tencent Music Entertainment Group ADR (NYSE: TME) kicked off on Friday, down -0.29% from the previous trading day, before settling in for the closing price of $10.47. Over the past 52 weeks, TME has traded in a range of $5.96-$15.77.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Communication Services Sector giant saw their annual sales surged by 7.54% over the last five years. While this was happening, its average annual earnings per share was recorded 35.96%. With a float of $689.04 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 39.3%, operating margin of 26.64%, and the pretax margin is 26.58%.
Tencent Music Entertainment Group ADR (TME) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Tencent Music Entertainment Group ADR is 1.52%, while institutional ownership is 66.98%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 35.96% 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
Take a look at Tencent Music Entertainment Group ADR’s (TME) current performance indicators. Last quarter, 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 1.93.
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 0.71 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 9.16 million was better than the volume posted last year of 8.5 million. As of the previous 9 days, the stock’s Stochastic %D was 30.56%. Additionally, its Average True Range was 0.53.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 6.49%, which indicates a significant decrease from 24.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.58% in the past 14 days, which was higher than the 50.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.20, while its 200-day Moving Average is $11.46. Now, the first resistance to watch is $10.67. This is followed by the second major resistance level at $10.90. The third major resistance level sits at $11.09. If the price goes on to break the first support level at $10.26, it is likely to go to the next support level at $10.07. Should the price break the second support level, the third support level stands at $9.84.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
The company with the Market Capitalisation of 7.30 billion has total of 1,716,077K Shares Outstanding. Its annual sales at the moment are 3,921 M in contrast with the sum of 695,200 K annual income. Company’s last quarter sales were recorded 985,000 K and last quarter income was 232,000 K.
