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Tencent Music Entertainment Group ADR (NYSE: TME) closed the day trading at $9.65 down -4.93% from the previous closing price of $10.15. In other words, the price has decreased by -$4.93 from its previous closing price. On the day, 12.62 million shares were traded. TME stock price reached its highest trading level at $10.25 during the session, while it also had its lowest trading level at $9.62.
Ratios:
For a better understanding of TME, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.34 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
On March 20, 2024, Goldman Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $14.
Citigroup Upgraded its Neutral to Buy on March 20, 2024, whereas the target price for the stock was revised from $9 to $13.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TME now has a Market Capitalization of 17034468352 and an Enterprise Value of 12947425280. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.53, and their Forward P/E ratio for the next fiscal year is 13.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 0.473 whereas that against EBITDA is 1.904.
Stock Price History:
Over the past 52 weeks, TME has reached a high of $15.77, while it has fallen to a 52-week low of $5.96. The 50-Day Moving Average of the stock is -24.68%, while the 200-Day Moving Average is calculated to be -16.17%.
Shares Statistics:
Over the past 3-months, TME traded about 8.43M shares per day on average, while over the past 10 days, TME traded about 8276740 shares per day. A total of 699.71M shares are outstanding, with a floating share count of 689.04M. Insiders hold about 1.52% of the company’s shares, while institutions hold 66.44% stake in the company. Shares short for TME as of 1723680000 were 29223536 with a Short Ratio of 3.47, compared to 1721001600 on 19021512. Therefore, it implies a Short% of Shares Outstanding of 29223536 and a Short% of Float of 4.0799997999999995.
