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After finishing at $12.21 in the prior trading day, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $12.23, up 0.16%. In other words, the price has increased by $0.16 from its previous closing price. On the day, 9.25 million shares were traded. TME stock price reached its highest trading level at $12.35 during the session, while it also had its lowest trading level at $12.0.
Ratios:
Our goal is to gain a better understanding of TME by taking a closer look at 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 22545514496 and an Enterprise Value of 14762990592. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.92, and their Forward P/E ratio for the next fiscal year is 17.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. 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 2.07. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is 1.981.
Stock Price History:
The Beta on a monthly basis for TME is 0.58, which has changed by 0.17033494 over the last 52 weeks, in comparison to a change of 0.087141395 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 $9.41. The 50-Day Moving Average of the stock is 1.74%, while the 200-Day Moving Average is calculated to be -0.95%.
Shares Statistics:
The stock has traded on average 7.47M shares per day over the past 3-months and 8763520 shares per day over the last 10 days, according to various share statistics. 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 69.04% stake in the company. Shares short for TME as of 1740700800 were 23023910 with a Short Ratio of 3.08, compared to 1738281600 on 20625225. Therefore, it implies a Short% of Shares Outstanding of 23023910 and a Short% of Float of 3.2199999999999998.
Dividends & Splits
In the trailing 12 months, TME’s forward annual dividend rate was 0.972, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 0.07960688
