On Monday, Tencent Music Entertainment Group ADR (NYSE: TME) opened higher 4.86% from the last session, before settling in for the closing price of $12.55. Price fluctuations for TME have ranged from $7.93 to $15.77 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 37.85% at the time writing. 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 41.0%, operating margin of 28.79%, and the pretax margin is 28.44%.
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 0.86%, while institutional ownership is 68.75%.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 37.85% 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
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 2.38.
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)
Compared to the last year’s volume of 8.55 million, its volume of 7.04 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.15%. Additionally, its Average True Range was 0.53.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 63.88%, which indicates a significant decrease from 76.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.76% in the past 14 days, which was lower than the 58.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.89, while its 200-day Moving Average is $12.33. Nevertheless, the first resistance level for the watch stands at $13.63 in the near term. At $14.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.38. If the price goes on to break the first support level at $12.88, it is likely to go to the next support level at $12.61. Should the price break the second support level, the third support level stands at $12.14.
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 9.21 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 1,000 M and its income totaled 226,000 K.
