The stock of Tencent Music Entertainment Group ADR (TME) has gone down by -4.90% for the week, with a -16.47% drop in the past month and a -15.59% drop in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are 3.58% for TME. The simple moving average for the past 20 days is -5.10% for TME’s stock, with a -6.79% simple moving average for the past 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 22.78x compared to its average ratio. TME has 36-month beta value of 0.68. Analysts have mixed views on the stock, with 18 analysts rating it as a “buy,” 7 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 3.28% ratio of that float. The average trading volume of TME on November 05, 2024 was 9.92M shares.
TME) stock’s latest price update
Tencent Music Entertainment Group ADR (NYSE: TME)’s stock price has soared by 1.26 in relation to previous closing price of 11.12. Nevertheless, the company has seen a loss of -4.90% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that The consensus price target hints at a 26.8% upside potential for Tencent Music Entertainment Group (TME). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Analysts’ Opinion of TME
Morgan Stanley, on the other hand, stated in their research note that they expect to see TME reach a price target of $13. The rating they have provided for TME stocks is “Equal-Weight” according to the report published on September 25th, 2024.
TME Trading at -0.34% 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 -28.60% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -15.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.96% upper at present.
During the last 5 trading sessions, TME fell by -4.90%, which changed the moving average for the period of 200-days by +32.31% in comparison to the 20-day moving average, which settled at $11.87. In addition, Tencent Music Entertainment Group ADR saw 24.97% 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 4.65. 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 put it simply, Tencent Music Entertainment Group ADR (TME) has had a mixed 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’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.
