In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $11.16 down -1.41% from its previous closing price of $11.32. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 3.85 million shares were traded. TME stock price reached its highest trading level at $11.36 during the session, while it also had its lowest trading level at $11.05.
Ratios:
For a deeper understanding of Tencent Music Entertainment Group ADR’s stock, let’s take a closer look at its various 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on November 06, 2024, initiated with a Overweight rating and assigned the stock a target price of $16.
On November 04, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $14.
Morgan Stanley Downgraded its Overweight to Equal-Weight on September 25, 2024, while the target price for the stock was maintained at $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 19075563520 and an Enterprise Value of 11516075008. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.92, and their Forward P/E ratio for the next fiscal year is 16.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 0.414 whereas that against EBITDA is 1.545.
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 $8.19. The 50-Day Moving Average of the stock is -3.91%, while the 200-Day Moving Average is calculated to be -10.36%.
Shares Statistics:
For the past three months, TME has traded an average of 6.90M shares per day and 3948020 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 68.71% stake in the company. Shares short for TME as of 1734048000 were 19142151 with a Short Ratio of 2.77, compared to 1731628800 on 20755829. Therefore, it implies a Short% of Shares Outstanding of 19142151 and a Short% of Float of 2.6700001.
