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In the latest session, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $15.13 up 1.00% from its previous closing price of $14.98. In other words, the price has increased by $1.00 from its previous closing price. On the day, 6.63 million shares were traded. TME stock price reached its highest trading level at $15.32 during the session, while it also had its lowest trading level at $14.96.
Ratios:
For a deeper understanding of Tencent Music Entertainment Group ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 2.67. 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, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $9 to $13.
On February 05, 2024, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $12.Redburn Atlantic initiated its Buy rating on February 05, 2024, with a $12 target price.
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 25964290048 and an Enterprise Value of 27445544960. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.69, and their Forward P/E ratio for the next fiscal year is 21.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 0.997 whereas that against EBITDA is 4.414.
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 $5.70. The 50-Day Moving Average of the stock is 5.50%, while the 200-Day Moving Average is calculated to be 45.37%.
Shares Statistics:
For the past three months, TME has traded an average of 7.71M shares per day and 7865730 over the past ten days. A total of 699.71M shares are outstanding, with a floating share count of 685.44M. Insiders hold about 2.04% of the company’s shares, while institutions hold 64.98% stake in the company. Shares short for TME as of 1719532800 were 25376291 with a Short Ratio of 2.70, compared to 1717113600 on 25196128.
Dividends & Splits
According to the company, the forward annual dividend rate for TME is 0.14, from 0.972 in the trailing year. Against a Trailing Annual Dividend Yield of 0.06488652
