For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Tencent Music Entertainment Group ADR’s stock clocked out at $12.63, down -5.32% from its previous closing price of $13.34. In other words, the price has decreased by -$5.32 from its previous closing price. On the day, 10.59 million shares were traded. TME stock price reached its highest trading level at $12.63 during the session, while it also had its lowest trading level at $12.13.
Ratios:
To gain a deeper understanding of TME’s stock, we examine 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.
Goldman Upgraded its Neutral to Buy on March 20, 2024, while the target price for the stock was maintained at $14.
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 19839330304 and an Enterprise Value of 22148499456. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.56, and their Forward P/E ratio for the next fiscal year is 17.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 0.809 whereas that against EBITDA is 3.258.
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 $6.31. The 50-Day Moving Average of the stock is 11.03%, while the 200-Day Moving Average is calculated to be 7.05%.
Shares Statistics:
It appears that TME traded 10.23M shares on average per day over the past three months and 15576250 shares per day over the past ten days. 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 64.58% stake in the company. Shares short for TME as of 1726185600 were 24240026 with a Short Ratio of 2.37, compared to 1723680000 on 29223536. Therefore, it implies a Short% of Shares Outstanding of 24240026 and a Short% of Float of 3.39.
