Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Tencent Music Entertainment Group ADR’s stock clocked out at $12.27, up 5.41% from its previous closing price of $11.64. In other words, the price has increased by $5.41 from its previous closing price. On the day, 4.86 million shares were traded. TME stock price reached its highest trading level at $12.41 during the session, while it also had its lowest trading level at $11.8.
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 2.26 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:
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 20576790528 and an Enterprise Value of 14948528128. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.00, and their Forward P/E ratio for the next fiscal year is 17.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.22 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 0.537 whereas that against EBITDA is 2.006.
Stock Price History:
The Beta on a monthly basis for TME is 0.68, which has changed by 0.28476822 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, TME has reached a high of $15.77, while it has fallen to a 52-week low of $8.88. The 50-Day Moving Average of the stock is 6.59%, while the 200-Day Moving Average is calculated to be -1.22%.
Shares Statistics:
It appears that TME traded 6.82M shares on average per day over the past three months and 6221620 shares per day over the past ten days. 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 67.69% stake in the company. Shares short for TME as of 1736899200 were 20416768 with a Short Ratio of 2.99, compared to 1734048000 on 19142151. Therefore, it implies a Short% of Shares Outstanding of 20416768 and a Short% of Float of 2.8499998.
