Tencent Music Entertainment Group ADR (NYSE: TME) has experienced a decline in its stock price by -2.65 compared to its previous closing price of 11.95. However, the company has seen a gain of 2.95% in its stock price over the last five trading days. zacks.com reported 2024-12-18 that Investors interested in stocks from the Internet – Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and RELX PLC (RELX). But which of these two stocks offers value investors a better bang for their buck right now?
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 21.81x, Company’s 36-month beta value is 0.67.Analysts have differing opinions on the stock, with 18 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TME is 693.71M, and currently, short sellers hold a 2.70% ratio of that floaft. The average trading volume of TME on December 23, 2024 was 8.76M shares.
TME’s Market Performance
TME’s stock has seen a 2.95% increase for the week, with a 0.98% rise in the past month and a -1.83% fall in the past quarter. The volatility ratio for the week is 3.62%, and the volatility levels for the past 30 days are at 3.84% for Tencent Music Entertainment Group ADR The simple moving average for the past 20 days is -2.39% for TME’s stock, with a -6.29% simple moving average for the past 200 days.
Analysts’ Opinion of TME
Many brokerage firms have already submitted their reports for TME stocks, with Barclays repeating the rating for TME by listing it as a “Overweight.” The predicted price for TME in the upcoming period, according to Barclays is $16 based on the research report published on November 06, 2024 of the current year 2024.
Bernstein, 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 “Outperform” according to the report published on November 04th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to TME, setting the target price at $13 in the report published on September 25th of the current year.
TME Trading at -0.41% 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 -26.23% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares surge +0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.96% lower at present.
During the last 5 trading sessions, TME rose by +2.96%, which changed the moving average for the period of 200-days by +10.49% in comparison to the 20-day moving average, which settled at $11.92. In addition, Tencent Music Entertainment Group ADR saw 29.12% 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:
- 0.29 for the present operating margin
- 0.41 for the gross margin
The net margin for Tencent Music Entertainment Group ADR stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 10.12, with 7.54 for asset returns.
Based on Tencent Music Entertainment Group ADR (TME), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.81. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 48.28.
Currently, EBITDA for the company is 7.17 billion with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 5.01. The receivables turnover for the company is 9.48for 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 2.26.
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.
