Tencent Music Entertainment Group ADR (NYSE: TME) is -3.88% lower on its value in year-to-date trading and has touched a low of $8.19 and a high of $15.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TME stock was last observed hovering at around $11.16 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $10.91, the stock is -7.54% and -5.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.06 million and changing -2.24% at the moment leaves the stock -12.34% off its SMA200. TME registered 20.82% gain for a year compared to 6-month loss of -24.81%. The firm has a 50-day simple moving average (SMA 50) of $11.6136 and a 200-day simple moving average (SMA200) of $12.44925.
The stock witnessed a -10.50% gain in the last 1 month and extending the period to 3 months gives it a -19.07%, and is -6.91% down 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 3.39% over the week and 3.51% over the month.
Tencent Music Entertainment Group ADR (TME) has around 5185 employees, a market worth around $7.63B and $3.86B in sales. Current P/E ratio is 20.45 and Fwd P/E is 15.90. Profit margin for the company is 21.53%. Distance from 52-week low is 33.21% and -30.82% from its 52-week high. The company has generated returns on investments over the last 12 months (8.68%).
The EPS is expected to grow by 38.01% this year.
Tencent Music Entertainment Group ADR (TME) Top Institutional Holders
The shares outstanding are 699.71M, and float is at 693.71M with Short Float at 2.76%.
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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