In the past week, TME stock has gone down by -2.40%, with a monthly gain of 7.57% and a quarterly surge of 20.57%. The volatility ratio for the week is 2.37%, and the volatility levels for the last 30 days are 3.55% for Tencent Music Entertainment Group ADR The simple moving average for the last 20 days is 1.26% for TME stock, with a simple moving average of 38.67% for the last 200 days.
Is It Worth Investing in Tencent Music Entertainment Group ADR (NYSE: TME) Right Now?
Tencent Music Entertainment Group ADR (NYSE: TME) has a higher price-to-earnings ratio of 25.89x compared to its average ratio. TME has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TME is 713.82M, and currently, short sellers hold a 2.94% ratio of that float. The average trading volume of TME on April 15, 2024 was 8.80M shares.
TME) stock’s latest price update
The stock of Tencent Music Entertainment Group ADR (NYSE: TME) has decreased by -4.45 when compared to last closing price of 11.90. Despite this, the company has experienced a -2.40% fall in its stock price over the last five trading sessions. Schaeffers Research reported 2024-04-09 that Options traders are targeting Tencent Music Entertainment Group (NYSE:TME) today, as the stock jumps to its highest level since July 2021.
Analysts’ Opinion of TME
Many brokerage firms have already submitted their reports for TME stocks, with Goldman repeating the rating for TME by listing it as a “Buy.” The predicted price for TME in the upcoming period, according to Goldman is $14 based on the research report published on March 20, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see TME reach a price target of $13, previously predicting the price at $9. The rating they have provided for TME stocks is “Buy” according to the report published on March 20th, 2024.
Redburn Atlantic gave a rating of “Buy” to TME, setting the target price at $12 in the report published on February 05th of the current year.
TME Trading at 8.41% from the 50-Day Moving Average
After a stumble in the market that brought TME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.25% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +8.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.96% upper at present.
During the last 5 trading sessions, TME fell by -2.40%, which changed the moving average for the period of 200-days by +48.63% in comparison to the 20-day moving average, which settled at $11.27. In addition, Tencent Music Entertainment Group ADR saw 26.19% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TME
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.34 for the gross margin
The net margin for Tencent Music Entertainment Group ADR stands at 0.17. The total capital return value is set at 0.09. Equity return is now at value 9.38, with 6.85 for asset returns.
Based on Tencent Music Entertainment Group ADR (TME), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.28. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 40.37.
Currently, EBITDA for the company is 4.48 billion with net debt to EBITDA at -1.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.77. The receivables turnover for the company is 11.3for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.49.
Conclusion
To put it simply, Tencent Music Entertainment Group ADR (TME) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
