The stock of Tencent Music Entertainment Group ADR (TME) has seen a -5.78% decrease in the past week, with a -0.87% drop in the past month, and a 0.40% flourish in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are at 4.66% for TME. The simple moving average for the last 20 days is -2.89% for TME stock, with a simple moving average of 1.82% 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 higher price-to-earnings ratio of 23.52x compared to its average ratio, The 36-month beta value for TME is at 0.56. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 9 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TME is 693.71M, and currently, shorts hold a 3.32% of that float. The average trading volume for TME on March 17, 2025 was 7.45M shares.
TME) stock’s latest price update
Tencent Music Entertainment Group ADR (NYSE: TME)’s stock price has increased by 1.21 compared to its previous closing price of 12.40. However, the company has seen a -5.78% decrease in its stock price over the last five trading sessions. businesswire.com reported 2025-03-05 that BOSTON–(BUSINESS WIRE)–Cancer Grand Challenges announces seven new challenges representing some of the toughest questions facing cancer research today.
Analysts’ Opinion of TME
Barclays, on the other hand, stated in their research note that they expect to see TME reach a price target of $16. The rating they have provided for TME stocks is “Overweight” according to the report published on November 06th, 2024.
Bernstein gave a rating of “Outperform” to TME, setting the target price at $14 in the report published on November 04th of the previous year.
TME Trading at 4.08% 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 -20.42% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares sank -1.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.67% upper at present.
During the last 5 trading sessions, TME fell by -5.78%, which changed the moving average for the period of 200-days by -15.20% in comparison to the 20-day moving average, which settled at $12.92. In addition, Tencent Music Entertainment Group ADR saw 10.57% 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 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.55. The debt to equity ratio resting at 0.06. 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 2.54. 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 conclusion, Tencent Music Entertainment Group ADR (TME) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
