Tencent Music Entertainment Group ADR (NYSE: TME) is 49.16% higher on its value in year-to-date trading and has touched a low of $9.41 and a high of $17.30 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 $16.99 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $16.93, the stock is 13.15% and 20.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing -0.35% at the moment leaves the stock 38.22% off its SMA200. TME registered 10.87% gain for a year compared to 6-month gain of 47.35%. The firm has a 50-day simple moving average (SMA 50) of $14.019 and a 200-day simple moving average (SMA200) of $12.24885.
The stock witnessed a 28.84% loss in the last 1 month and extending the period to 3 months gives it a 17.73%, and is 3.48% 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 0.89% over the week and 3.74% over the month.
Tencent Music Entertainment Group ADR (TME) has around 5353 employees, a market worth around $11.85B and $4.02B in sales. Current P/E ratio is 20.03 and Fwd P/E is 19.92. Profit margin for the company is 32.75%. Distance from 52-week low is 79.91% and -2.14% from its 52-week high. The company has generated returns on investments over the last 12 months (12.38%).
with sales reaching $7.97B over the same period.The EPS is expected to grow by 47.66% this year, but quarterly earnings will post 9.86% year-over-year. Quarterly sales are estimated to grow 11.28% in year-over-year returns.
530.0 institutions hold shares in Tencent Music Entertainment Group ADR (TME), with institutional investors hold 77.37% of the company’s shares. The shares outstanding are 699.71M, and float is at 693.71M with Short Float at 3.23%. Institutions hold 77.37% of the Float.
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 2.0266 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 1.7204 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 25.12 million shares representing 1.6275 and valued at over $353.0 million, while BAILLIE GIFFORD & CO holds 1.4326 of the shares totaling 22.12 million with a market value of $310.73 million.
