Tencent Music Entertainment Group ADR (NYSE: TME) on Monday, soared 6.84% from the previous trading day, before settling in for the closing price of $11.41. Within the past 52 weeks, TME’s price has moved between $7.93 and $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%. The company achieved an average annual earnings per share of 38.07%. With a float of $693.71 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 41.0%, operating margin of 28.79%, and the pretax margin is 28.44%.
Tencent Music Entertainment Group ADR (TME) Insider Updates
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Tencent Music Entertainment Group ADR is 0.86%, while institutional ownership is 68.51%.
Tencent Music Entertainment Group ADR (TME) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1 earnings per share (EPS) for the period topping the consensus outlook (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 38.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.00% 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
Tencent Music Entertainment Group ADR (TME) is currently performing well based on its current performance indicators. A quick ratio of 2.26 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.21.
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 0.69 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 7.31 million was inferior to 8.58 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.61%. Additionally, its Average True Range was 0.52.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 47.04%, which indicates a significant decrease from 96.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.47% in the past 14 days, which was lower than the 57.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.80, while its 200-day Moving Average is $12.27. Now, the first resistance to watch is $12.47. This is followed by the second major resistance level at $12.76. The third major resistance level sits at $13.26. If the price goes on to break the first support level at $11.69, it is likely to go to the next support level at $11.19. Assuming the price breaks the second support level, the third support level stands at $10.90.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
Market capitalization of the company is 8.53 billion based on 1,716,077K outstanding shares. Right now, sales total 3,921 M and income totals 695,200 K. The company made 1,000 M in profit during its latest quarter, and 226,000 K in sales during its previous quarter.
