For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Tencent Music Entertainment Group ADR (NYSE: TME) closed at $12.68 in the last session, up 1.20% from day before closing price of $12.53. In other words, the price has increased by $1.20 from its previous closing price. On the day, 8.29 million shares were traded. TME stock price reached its highest trading level at $12.7 during the session, while it also had its lowest trading level at $12.24.
Ratios:
We take a closer look at TME’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.
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 21794004992 and an Enterprise Value of 23152939008. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.67, and their Forward P/E ratio for the next fiscal year is 19.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.834 whereas that against EBITDA is 4.048.
Stock Price History:
Over the past 52 weeks, TME has reached a high of $12.62, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 16.63%, while the 200-Day Moving Average is calculated to be 51.13%.
Shares Statistics:
According to the various share statistics, TME traded on average about 8.16M shares per day over the past 3-months and 7761930 shares per day over the past 10 days. A total of 699.71M shares are outstanding, with a floating share count of 692.54M. Insiders hold about 1.02% of the company’s shares, while institutions hold 61.31% stake in the company. Shares short for TME as of 1713139200 were 20995960 with a Short Ratio of 2.83, compared to 1710460800 on 30591275.
