Tencent Music Entertainment Group ADR (NYSE: TME) started the day on Thursday, with a price decrease of -3.23% at $22.17, before settling in for the price of $22.91 at the close. Taking a more long-term approach, TME posted a 52-week range of $10.11-$26.70.
In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 11.19%. Meanwhile, its Annual Earning per share during the time was 11.19%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 58.18%. This publicly-traded company’s shares outstanding now amounts to $576.15 million, simultaneously with a float of $576.12 million. The organization now has a market capitalization sitting at $12.77 billion. At the time of writing, stock’s 50-day Moving Average stood at $23.98, while the 200-day Moving Average is $18.12.
Tencent Music Entertainment Group ADR (TME) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Internet Content & Information Industry. Tencent Music Entertainment Group ADR’s current insider ownership accounts for 0.01%, in contrast to 80.08% institutional ownership.
Tencent Music Entertainment Group ADR (TME) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.6 per share during the current fiscal year.
Tencent Music Entertainment Group ADR’s EPS increase for this current 12-month fiscal period is 58.18% and is forecasted to reach 0.93 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 22.73% through the next 5 years, which can be compared against the 11.19% growth it accomplished over the previous five years trading on the market.
Tencent Music Entertainment Group ADR (NYSE: TME) Trading Performance Indicators
Let’s observe the current performance indicators for Tencent Music Entertainment Group ADR (TME). It’s Quick Ratio in the last reported quarter now stands at 1.87. Alongside those numbers, its PE Ratio stands at $24.31, and its Beta score is 0.49. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.05.
In the same vein, TME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.91, a figure that is expected to reach 0.21 in the next quarter, and analysts are predicting that it will be 0.93 at the market close of one year from today.
Technical Analysis of Tencent Music Entertainment Group ADR (TME)
If we take a close look at the recent performances of Tencent Music Entertainment Group ADR (NYSE: TME), its last 5-days Average volume was 4.18 million that shows plunge from its year to date volume of 6.9 million. During the previous 9 days, stock’s Stochastic %D was recorded 37.51% While, its Average True Range was 37.65.
Raw Stochastic average of Tencent Music Entertainment Group ADR (TME) in the period of the previous 100 days is set at 47.81%, which indicates a major rise in contrast to 10.61% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 0.52 that was lower than 0.64 volatility it exhibited in the past 100-days period.
