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 $14.18 up 1.29% from its previous closing price of $14.00. In other words, the price has increased by $1.29 from its previous closing price. On the day, 4.56 million shares were traded. TME stock price reached its highest trading level at $14.29 during the session, while it also had its lowest trading level at $14.012.
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 2.09 and its Current Ratio is at 2.09. 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 23952287744 and an Enterprise Value of 22157180928. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.01, and their Forward P/E ratio for the next fiscal year is 17.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 0.78 whereas that against EBITDA is 2.691.
Stock Price History:
The Beta on a monthly basis for TME is 0.52, which has changed by 0.28093946 over the last 52 weeks, in comparison to a change of 0.10838497 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 14.03%, while the 200-Day Moving Average is calculated to be 15.14%.
Shares Statistics:
For the past three months, TME has traded an average of 8.13M shares per day and 11958080 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 68.96% stake in the company. Shares short for TME as of 1740700800 were 23023910 with a Short Ratio of 2.83, 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
According to the company, the forward annual dividend rate for TME is 0.14, from 1.314 in the trailing year. Against a Trailing Annual Dividend Yield of 0.09385715
