Tencent Music Entertainment Group ADR (NYSE: TME)’s stock price has plunge by -0.29relation to previous closing price of 10.47. Nevertheless, the company has seen a 1.95% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-08-22 that The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in Tencent Music Entertainment Group ADR (NYSE: TME) Right Now?
Tencent Music Entertainment Group ADR (NYSE: TME) has a price-to-earnings ratio that is above its average at 21.13x. The stock has a 36-month beta value of 0.66. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 8 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TME is 689.04M, and at present, short sellers hold a 4.24% of that float. On September 03, 2024, the average trading volume of TME was 8.57M shares.
TME’s Market Performance
TME stock saw a decrease of 1.95% in the past week, with a monthly decline of -21.44% and a quarterly a decrease of -27.75%. The volatility ratio for the week is 4.53%, and the volatility levels for the last 30 days are 4.28% for Tencent Music Entertainment Group ADR (TME). The simple moving average for the last 20 days is -8.92% for TME stock, with a simple moving average of -8.80% for the last 200 days.
Analysts’ Opinion of TME
Goldman, on the other hand, stated in their research note that they expect to see TME reach a price target of $14. The rating they have provided for TME stocks is “Buy” according to the report published on March 20th, 2024.
Citigroup gave a rating of “Buy” to TME, setting the target price at $13 in the report published on March 20th of the current year.
TME Trading at -21.34% 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 -33.80% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares sank -17.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.75% lower at present.
During the last 5 trading sessions, TME rose by +1.95%, which changed the moving average for the period of 200-days by +40.51% in comparison to the 20-day moving average, which settled at $11.35. In addition, Tencent Music Entertainment Group ADR saw 15.87% 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:
- 0.27 for the present operating margin
- 0.39 for the gross margin
The net margin for Tencent Music Entertainment Group ADR stands at 0.2. The total capital return value is set at 0.11. Equity return is now at value 9.77, with 7.24 for asset returns.
Based on Tencent Music Entertainment Group ADR (TME), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.5. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 70.15.
Currently, EBITDA for the company is 7.18 billion with net debt to EBITDA at -0.84. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
To sum up, Tencent Music Entertainment Group ADR (TME) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
