The stock of Tencent Music Entertainment Group ADR (TME) has seen a -7.04% decrease in the past week, with a 19.64% gain in the past month, and a -20.21% decrease in the past quarter. The volatility ratio for the week is 3.15%, and the volatility levels for the past 30 days are at 5.38% for TME. The simple moving average for the last 20 days is -4.05% for TME stock, with a simple moving average of -0.50% 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 price-to-earnings ratio that is above its average at 24.04x. The stock has a 36-month beta value of 0.65. Opinions on the stock are mixed, with 18 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TME is 689.04M, and at present, short sellers hold a 3.63% of that float. On October 21, 2024, the average trading volume of TME was 10.22M shares.
TME) stock’s latest price update
Tencent Music Entertainment Group ADR (NYSE: TME) has seen a rise in its stock price by 2.06 in relation to its previous close of 11.64. However, the company has experienced a -7.04% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-17 that Expanding TME’s Global Footprint to Elevate International Music Experiences SHENZHEN, China, Oct. 17, 2024 /PRNewswire/ — Tencent Music Entertainment Group (TME) today announced a strategic partnership with Galaxy Corporation, the agency representing the influential global musician G-Dragon, for his upcoming regional tour. The collaboration marks a significant step forward in TME’s ambitions to expand its global presence and further solidify its position in the international music scene.
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 6.02% 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 -24.67% of loss for the given period.
Volatility was left at 5.38%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares surge +20.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.32% lower at present.
During the last 5 trading sessions, TME fell by -7.04%, which changed the moving average for the period of 200-days by +33.78% in comparison to the 20-day moving average, which settled at $12.38. In addition, Tencent Music Entertainment Group ADR saw 31.85% 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 5.08. 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.
