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As of close of business last night, Tencent Music Entertainment Group ADR’s stock clocked out at $14.00, down -3.11% from its previous closing price of $14.45. In other words, the price has decreased by -$3.11 from its previous closing price. On the day, 7.55 million shares were traded. TME stock price reached its highest trading level at $14.765 during the session, while it also had its lowest trading level at $13.55.
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 2.67 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 25368700928 and an Enterprise Value of 23962892288. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.24, and their Forward P/E ratio for the next fiscal year is 19.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 0.871 whereas that against EBITDA is 3.854.
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 9.12%, while the 200-Day Moving Average is calculated to be 49.86%.
Shares Statistics:
It appears that TME traded 8.15M shares on average per day over the past three months and 7565680 shares per day 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 65.71% stake in the company. Shares short for TME as of 1715731200 were 25805754 with a Short Ratio of 3.02, compared to 1713139200 on 23074497.
Dividends & Splits
With its trailing 12-month dividend rate of 0.972, TME has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 0.067266434
