Additionally, the 36-month beta value for KUKE is 0.43.
The average trading volume of KUKE on September 11, 2024 was 54.15K shares.
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KUKE) stock’s latest price update
The stock price of Kuke Music Holding Ltd ADR (NYSE: KUKE) has surged by 20.74 when compared to previous closing price of 1.35, but the company has seen a 29.37% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-21 that Beijing, China, Aug. 21, 2024 (GLOBE NEWSWIRE) — Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “AGM Notice”) at 10:30 a.m., Beijing time, on September 20, 2024 at Room 303, Beijing Broadcasting Tower, No. Jia 14, Jianwaidajie, Chaoyang District, Beijing, People’s Republic of China (or after the Class B Meeting, as defined below, whichever is later), for the purposes of considering and, if thought fit, passing the resolutions set forth in the AGM Notice. The AGM Notice and form of proxy for the AGM are available on the Company’s website at https://ir.kuke.com/, as well as on the SEC’s website at www.sec.gov.
KUKE’s Market Performance
KUKE’s stock has risen by 29.37% in the past week, with a monthly rise of 29.37% and a quarterly drop of -43.40%. The volatility ratio for the week is 15.46% while the volatility levels for the last 30 days are 10.85% for Kuke Music Holding Ltd ADR The simple moving average for the past 20 days is 28.63% for KUKE’s stock, with a -7.73% simple moving average for the past 200 days.
KUKE Trading at 27.86% from the 50-Day Moving Average
After a stumble in the market that brought KUKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.95% of loss for the given period.
Volatility was left at 10.85%, however, over the last 30 days, the volatility rate increased by 15.46%, as shares surge +23.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.64% upper at present.
During the last 5 trading sessions, KUKE rose by +29.37%, which changed the moving average for the period of 200-days by +56.73% in comparison to the 20-day moving average, which settled at $1.2827. In addition, Kuke Music Holding Ltd ADR saw 58.36% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for KUKE
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.56 for the gross margin
The net margin for Kuke Music Holding Ltd ADR stands at -0.38. The total capital return value is set at -0.42.
The debt to equity ratio resting at 3.92. The interest coverage ratio of the stock is -12.95.
Currently, EBITDA for the company is -26.24 million with net debt to EBITDA at 29.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.28. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.
Conclusion
In conclusion, Kuke Music Holding Ltd ADR (KUKE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
