On Monday, Tencent Music Entertainment Group ADR (NYSE: TME) was -5.68% drop from the session before settling in for the closing price of $11.98. A 52-week range for TME has been $8.15 – $15.77.
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A company in the Communication Services sector has jumped its sales by 7.54% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 37.76%. With a float of $693.71 million, this company’s outstanding shares have now reached $699.71 million.
In an organization with 5185 employees, it is important to assess its efficiency. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tencent Music Entertainment Group ADR stocks. The insider ownership of Tencent Music Entertainment Group ADR is 0.86%, while institutional ownership is 68.73%.
Tencent Music Entertainment Group ADR (TME) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 37.76% 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
You can see what Tencent Music Entertainment Group ADR (TME) is doing with its current performance indicators. In the most recent 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 2.05.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 9.13 million. That was better than the volume of 8.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.24%. Additionally, its Average True Range was 0.58.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 37.50%, which indicates a significant increase from 9.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.09% in the past 14 days, which was lower than the 59.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.77, while its 200-day Moving Average is $12.37. However, in the short run, Tencent Music Entertainment Group ADR’s stock first resistance to watch stands at $11.66. Second resistance stands at $12.03. The third major resistance level sits at $12.22. If the price goes on to break the first support level at $11.10, it is likely to go to the next support level at $10.91. Assuming the price breaks the second support level, the third support level stands at $10.54.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
There are 1,716,077K outstanding shares of the company, which has a market capitalization of 7.91 billion. As of now, sales total 3,921 M while income totals 695,200 K. Its latest quarter income was 1,000 M while its last quarter net income were 226,000 K.
