On Monday, Tencent Music Entertainment Group ADR (NYSE: TME) was -0.32% drop from the session beforebefore settling in for the closing price of $9.51. A 52-week range for TME has been $5.96 – $15.77.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 7.54%. When this article was written, the company’s average yearly earnings per share was at 35.59%. With a float of $689.04 million, this company’s outstanding shares have now reached $699.71 million.
The extent of productivity of a business whose workforce counts for 5185 workers is very important to gauge. 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 Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tencent Music Entertainment Group ADR stocks. The insider ownership of Tencent Music Entertainment Group ADR is 1.52%, while institutional ownership is 66.46%.
Tencent Music Entertainment Group ADR (TME) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.12 earnings per share (EPS) during the time that was better than consensus figure (set at 0.12) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 35.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.46% 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
You can see what Tencent Music Entertainment Group ADR (TME) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75.
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)
The latest stats from [Tencent Music Entertainment Group ADR, TME] show that its last 5-days average volume of 8.42 million was inferior to 8.45 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.60%. Additionally, its Average True Range was 0.41.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 0.79%, which indicates a significant decrease from 3.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.44% in the past 14 days, which was lower than the 49.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.33, while its 200-day Moving Average is $11.54. Now, the first resistance to watch is $9.59. This is followed by the second major resistance level at $9.71. The third major resistance level sits at $9.78. If the price goes on to break the first support level at $9.40, it is likely to go to the next support level at $9.33. Assuming the price breaks the second support level, the third support level stands at $9.21.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
There are 1,716,077K outstanding shares of the company, which has a market capitalization of 6.63 billion. As of now, sales total 3,921 M while income totals 695,200 K. Its latest quarter income was 985,000 K while its last quarter net income were 232,000 K.
