On Tuesday, Tencent Music Entertainment Group ADR (NYSE: TME) opened lower -5.45% from the last session, before settling in for the closing price of $11.55. Price fluctuations for TME have ranged from $6.76 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. Company’s average yearly earnings per share was noted 36.97% at the time writing. 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
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Tencent Music Entertainment Group ADR is 1.52%, while institutional ownership is 67.22%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 36.97% 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
Check out the current performance indicators for Tencent Music Entertainment Group ADR (TME). In the past quarter, the stock posted a quick ratio of 2.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.17 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 8.62 million was lower than the volume posted last year of 8.64 million. As of the previous 9 days, the stock’s Stochastic %D was 37.08%. Additionally, its Average True Range was 0.55.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 24.67%, which indicates a significant decrease from 32.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.78% in the past 14 days, which was lower than the 56.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.42, while its 200-day Moving Average is $12.16. Now, the first resistance to watch is $11.23. This is followed by the second major resistance level at $11.53. The third major resistance level sits at $11.97. If the price goes on to break the first support level at $10.49, it is likely to go to the next support level at $10.05. Should the price break the second support level, the third support level stands at $9.75.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
There are currently 1,716,077K shares outstanding in the company with a market cap of 7.64 billion. Presently, the company’s annual sales total 3,921 M according to its annual income of 695,200 K. Last quarter, the company’s sales amounted to 985,000 K and its income totaled 232,000 K.
