Tencent Music Entertainment Group ADR (NYSE: TME) on Monday, soared 3.72% from the previous trading day, before settling in for the closing price of $22.32. Within the past 52 weeks, TME’s price has moved between $10.11 and $26.70.
During the last 5-year period, the sales growth of Communication Services Sector giant was 11.19%. The company achieved an average annual earnings per share of 57.76%. With a float of $571.22 million, this company’s outstanding shares have now reached $576.15 million.
Tencent Music Entertainment Group ADR (TME) Insider Activity
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 79.17%. The most recent insider transaction that took place on Aug 27 ’25, was worth 12,605,807. Before that another transaction happened on Aug 18 ’25, when Company’s Officer proposed sale 400,960 for $25.83, making the entire transaction worth $10,358,603.
Tencent Music Entertainment Group ADR (TME) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.16 earnings per share (EPS) for the period falling under the consensus outlook (set at 1.19) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.62% during the next five years compared to 11.19% 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 1.87 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 3.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.91, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 0.93 in one year’s time.
Technical Analysis of Tencent Music Entertainment Group ADR (TME)
Looking closely at Tencent Music Entertainment Group ADR (NYSE: TME), its last 5-days average volume was 4.42 million, which is a drop from its year-to-date volume of 6.88 million. As of the previous 9 days, the stock’s Stochastic %D was 32.96%.
During the past 100 days, Tencent Music Entertainment Group ADR’s (TME) raw stochastic average was set at 59.10%, which indicates a significant decrease from 64.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.55 in the past 14 days, which was lower than the 0.64 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.88, while its 200-day Moving Average is $18.24. However, in the short run, Tencent Music Entertainment Group ADR’s stock first resistance to watch stands at $23.46. Second resistance stands at $23.78. The third major resistance level sits at $24.30. If the price goes on to break the first support level at $22.62, it is likely to go to the next support level at $22.10. Should the price break the second support level, the third support level stands at $21.78.
Tencent Music Entertainment Group ADR (NYSE: TME) Key Stats
Market capitalization of the company is 13.34 billion based on 1,716,077K outstanding shares. Right now, sales total 3,951 M and income totals 924,180 K. The company made 1,178 M in profit during its latest quarter, and 336,000 K in sales during its previous quarter.
