Tencent Music Entertainment Group ADR (NYSE: TME) is 33.74% higher on its value in year-to-date trading and has touched a low of $6.09 and a high of $15.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TME stock was last observed hovering at around $12.28 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $12.05, the stock is 16.62% and 4.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.85 million and changing -1.87% at the moment leaves the stock 3.43% off its SMA200. TME registered 93.42% gain for a year compared to 6-month loss of 8.36%. The firm has a 50-day simple moving average (SMA 50) of $11.5342 and a 200-day simple moving average (SMA200) of $11.66575.
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The stock witnessed a 15.09% gain in the last 1 month and extending the period to 3 months gives it a -15.97%, and is 18.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.05% over the week and 4.44% over the month.
Tencent Music Entertainment Group ADR (TME) has around 5185 employees, a market worth around $8.43B and $3.79B in sales. Current P/E ratio is 24.38 and Fwd P/E is 16.80. Profit margin for the company is 20.37%. Distance from 52-week low is 97.87% and -23.59% from its 52-week high. The company has generated returns on investments over the last 12 months (8.36%).
with sales reaching $1B over the same period.The EPS is expected to grow by 35.74% this year, but quarterly earnings will post 4.00% year-over-year. Quarterly sales are estimated to grow 10.00% in year-over-year returns.
Tencent Music Entertainment Group ADR (TME) Top Institutional Holders
The shares outstanding are 699.71M, and float is at 689.04M with Short Float at 3.52%.
The top institutional shareholder in the company is BLACKROCK INC. with over 31.29 million shares valued at $439.57 million. The investor’s holdings represent 2.0303% of the TME Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 26.56 million shares valued at $373.16 million to account for 1.7235 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 25.12 million shares representing 1.6304% and valued at over $353.0 million, while BAILLIE GIFFORD & CO holds 1.4352 of the shares totaling 22.12 million with a market value of $310.73 million.
Tencent Music Entertainment Group ADR (TME) Insider Activity
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