In the past week, TME stock has gone up by 18.37%, with a monthly gain of 15.09% and a quarterly plunge of -15.97%. The volatility ratio for the week is 8.05%, and the volatility levels for the last 30 days are 4.44% for Tencent Music Entertainment Group ADR The simple moving average for the past 20 days is 16.62% for TME’s stock, with a 3.43% simple moving average for the past 200 days.
Is It Worth Investing in Tencent Music Entertainment Group ADR (NYSE: TME) Right Now?
The price-to-earnings ratio for Tencent Music Entertainment Group ADR (NYSE: TME) is above average at 24.38x, Company’s 36-month beta value is 0.65.Analysts have differing opinions on the stock, with 17 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for TME is 689.04M, and currently, short sellers hold a 3.52% ratio of that floaft. The average trading volume of TME on October 01, 2024 was 9.68M shares.
TME) stock’s latest price update
The stock of Tencent Music Entertainment Group ADR (NYSE: TME) has decreased by -1.87 when compared to last closing price of 12.28. Despite this, the company has experienced a 18.37% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-27 that Tencent Music Entertainment Group (TME) possesses solid growth attributes, which could help it handily outperform the market.
Analysts’ Opinion of TME
Many brokerage firms have already submitted their reports for TME stocks, with Morgan Stanley repeating the rating for TME by listing it as a “Equal-Weight.” The predicted price for TME in the upcoming period, according to Morgan Stanley is $13 based on the research report published on September 25, 2024 of the current year 2024.
Goldman gave a rating of “Buy” to TME, setting the target price at $14 in the report published on March 20th of the current year.
TME Trading at 4.07% 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 -23.59% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 8.05%, as shares surge +15.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.50% lower at present.
During the last 5 trading sessions, TME rose by +18.37%, which changed the moving average for the period of 200-days by +34.79% in comparison to the 20-day moving average, which settled at $10.41. In addition, Tencent Music Entertainment Group ADR saw 33.74% 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 5.11. 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
In a nutshell, Tencent Music Entertainment Group ADR (TME) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
