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The price of Tencent Music Entertainment Group ADR (NYSE: TME) closed at $11.88 in the last session, up 2.06% from day before closing price of $11.64. In other words, the price has increased by $2.06 from its previous closing price. On the day, 4.35 million shares were traded. TME stock price reached its highest trading level at $12.07 during the session, while it also had its lowest trading level at $11.78.
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 2.34 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 20865318912 and an Enterprise Value of 19832793088. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.04, and their Forward P/E ratio for the next fiscal year is 16.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 0.724 whereas that against EBITDA is 2.917.
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 $6.55. The 50-Day Moving Average of the stock is 6.02%, while the 200-Day Moving Average is calculated to be -0.50%.
Shares Statistics:
According to the various share statistics, TME traded on average about 10.22M shares per day over the past 3-months and 8076680 shares per day over the past 10 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 64.57% stake in the company. Shares short for TME as of 1727654400 were 25011956 with a Short Ratio of 2.45, compared to 1724976000 on 26639798. Therefore, it implies a Short% of Shares Outstanding of 25011956 and a Short% of Float of 3.49.
