As on Thursday, Tencent Music Entertainment Group ADR (NYSE: TME) started slowly as it slid -1.34% to $10.32, before settling in for the price of $10.46 at the close. Taking a more long-term approach, TME posted a 52-week range of $5.96-$15.77.
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It was noted that the giant of the Communication Services sector posted annual sales growth of 7.54% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 19.83%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 35.47%. This publicly-traded company’s shares outstanding now amounts to $699.71 million, simultaneously with a float of $689.04 million. The organization now has a market capitalization sitting at $7.22 billion. At the time of writing, stock’s 50-day Moving Average stood at $12.97, while the 200-day Moving Average is $11.50.
Tencent Music Entertainment Group ADR (TME) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Internet Content & Information industry. Tencent Music Entertainment Group ADR’s current insider ownership accounts for 1.52%, in contrast to 66.47% institutional ownership.
Tencent Music Entertainment Group ADR (TME) Earnings and Revenue Records
Tencent Music Entertainment Group ADR’s EPS increase for this current 12-month fiscal period is 35.47% and is forecasted to reach 0.71 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 19.66% through the next 5 years, which can be compared against the 19.83% growth it accomplished over the previous five years trading on the market.
Tencent Music Entertainment Group ADR (NYSE: TME) Trading Performance Indicators
Let’s observe the current performance indicators for Tencent Music Entertainment Group ADR (TME). It’s Quick Ratio in the last reported quarter now stands at 2.34. The Stock has managed to achieve an average true range (ATR) of 0.47. Alongside those numbers, its PE Ratio stands at $20.88, and its Beta score is 0.64. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.91.
In the same vein, TME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.49, a figure that is expected to reach 0.16 in the next quarter, and analysts are predicting that it will be 0.71 at the market close of one year from today.
Technical Analysis of Tencent Music Entertainment Group ADR (TME)
Through scrutinizing the latest numbers posted by the [Tencent Music Entertainment Group ADR, TME], it can be observed that its last 5-days Average volume of 6.91 million was lower the volume of 8.46 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 31.94% While, its Average True Range was 0.42.
Raw Stochastic average of Tencent Music Entertainment Group ADR (TME) in the period of the previous 100 days is set at 4.39%, which indicates a major fall in contrast to 26.04% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 38.72% that was lower than 49.97% volatility it exhibited in the past 100-days period.
