Tencent Music Entertainment Group ADR (NYSE: TME) kicked off on Friday, up 2.41% from the previous trading day, before settling in for the closing price of $10.81. Over the past 52 weeks, TME has traded in a range of $7.83-$15.77.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 7.54%. While this was happening, its average annual earnings per share was recorded 37.61%. With a float of $693.71 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) Breakdown of a Key Holders of the stock
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 68.59%.
Tencent Music Entertainment Group ADR (TME) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1 earnings per share (EPS), higher than consensus estimate (set at 0.97) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.56% 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 2.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01.
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)
Compared to the last year’s volume of 8.66 million, its volume of 10.59 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 33.57%. Additionally, its Average True Range was 0.56.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 27.12%, which indicates a significant decrease from 48.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.93% in the past 14 days, which was lower than the 57.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.45, while its 200-day Moving Average is $12.18. Nevertheless, the first resistance level for the watch stands at $11.25 in the near term. At $11.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.61. If the price goes on to break the first support level at $10.89, it is likely to go to the next support level at $10.70. Now, if the price goes above the second support level, the third support stands at $10.52.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
The company with the Market Capitalisation of 7.75 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.
