Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Tencent Music Entertainment Group ADR (NYSE: TME) closed at $13.32 in the last session, down -1.19% from day before closing price of $13.48. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 8.03 million shares were traded.
Ratios:
We take a closer look at TME’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.26 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
On November 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $16.
On November 04, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $14.Bernstein initiated its Outperform rating on November 04, 2024, with a $14 target price.
Valuation Measures:
As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.97, and their Forward P/E ratio for the next fiscal year is 19.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 2.26.
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 $9.41. The 50-Day Moving Average of the stock is 11.39%, while the 200-Day Moving Average is calculated to be 7.45%.
Shares Statistics:
A total of 699.71M shares are outstanding, with a floating share count of 693.71M. Insiders hold about 0.86% of the company’s shares, while institutions hold 69.05% stake in the company.
