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The price of Tencent Music Entertainment Group ADR (NYSE: TME) closed at $10.18 in the last session, down -5.13% from day before closing price of $10.73. In other words, the price has decreased by -$5.13 from its previous closing price. On the day, 10.07 million shares were traded. TME stock price reached its highest trading level at $10.715 during the session, while it also had its lowest trading level at $10.07.
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.
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 18484946944 and an Enterprise Value of 14583857152. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.60, and their Forward P/E ratio for the next fiscal year is 14.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 1.85. Its current Enterprise Value per Revenue stands at 0.532 whereas that against EBITDA is 2.145.
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 -24.20%, while the 200-Day Moving Average is calculated to be -10.84%.
Shares Statistics:
According to the various share statistics, TME traded on average about 8.52M shares per day over the past 3-months and 11103550 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 67.01% stake in the company. Shares short for TME as of 1723680000 were 29223536 with a Short Ratio of 3.43, compared to 1721001600 on 19021512. Therefore, it implies a Short% of Shares Outstanding of 29223536 and a Short% of Float of 4.0799997999999995.
Earnings Estimates
The current rating of Tencent Music Entertainment Group ADR (TME) is the result of assessments by 9.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.18, with high estimates of $0.2 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.77 and $0.61 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.79, with 18.0 analysts recommending between $0.91 and $0.68.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $988.77M. It ranges from a high estimate of $1.06B to a low estimate of $967.47M. As of the current estimate, Tencent Music Entertainment Group ADR’s year-ago sales were $913.25MFor the next quarter, 13 analysts are estimating revenue of $1.04B. There is a high estimate of $1.12B for the next quarter, whereas the lowest estimate is $1.01B.
A total of 26 analysts have provided revenue estimates for TME’s current fiscal year. The highest revenue estimate was $4.79B, while the lowest revenue estimate was $3.91B, resulting in an average revenue estimate of $4.02B. In the same quarter a year ago, actual revenue was $3.9BBased on 25 analysts’ estimates, the company’s revenue will be $4.42B in the next fiscal year. The high estimate is $4.89B and the low estimate is $4.13B.
