A new trading day began on Tuesday, with Tencent Music Entertainment Group ADR (NYSE: TME) stock price up 0.25% from the previous day of trading, before settling in for the closing price of $11.77. TME’s price has ranged from $6.55 to $15.77 over the past 52 weeks.
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
Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 7.54%. Meanwhile, its annual earnings per share averaged 37.01%. With a float of $689.04 million, this company’s outstanding shares have now reached $699.71 million.
Considering the fact that the conglomerate employs 5185 people, you should pay attention to its efficiency factor. 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
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 1.52%, while institutional ownership is 64.57%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 37.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.19% 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 2.18.
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)
Compared to the last year’s volume of 8.83 million, its volume of 4.46 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.52%. Additionally, its Average True Range was 0.64.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 39.05%, which indicates a significant increase from 12.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.29% in the past 14 days, which was lower than the 57.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.16, while its 200-day Moving Average is $11.97. Nevertheless, the first resistance level for the watch stands at $12.01 in the near term. At $12.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.47. If the price goes on to break the first support level at $11.54, it is likely to go to the next support level at $11.28. Should the price break the second support level, the third support level stands at $11.07.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
With a market capitalization of 8.26 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 985,000 K while its latest quarter income was 232,000 K.
