Tencent Music Entertainment Group ADR (NYSE:TME) traded at $13.04 at last check on current trade day and made an upward move of 0.62% on its previous day’s price.
Looking at the stock we see that its previous close was $12.96 with the day’s price range being $12.77 – $13.1. The company has a trailing 12-month PE ratio of 28.17. In terms of its 52-week price range, TME has a high of $15.77 and a low of $5.70. The company’s stock has lost about -13.81% over that past 30 days.
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
Tencent Music Entertainment Group ADR has a market cap of $9.12 billion. With its Forward Dividend at 0.14 and a yield of 1.05%, the company’s investors could be anxious for the TME stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.16, with the EPS growth for the year raised at 0.66 for current year and 0.66 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 996.68M, with a low of 975.2M and a high of 1.01B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 4.05B, or 3.60% up from figures reported last year.
Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Tencent Music Entertainment Group ADR (TME) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the TME stock currently stands at 1.43, and the most recent price level today is -7.04% off its SMA20 and -8.77% from its 50-day simple moving average. The RSI (14) is pointing at 40.54 while the volatility over the past week is 5.69% and jumps to 3.88% over the past one month. The beta value is 0.68, while the average true range (ATR) is currently pointing at 0.59. The average price target for the stock over the next 12 months is $15, with the estimates having a low of $9 and a high of $24. These price ends are 30.98% and -84.05% off the today’s price level respectively, although investors could be excited at the prospect of a -15.03% if the TME share price touches on the median price of $15.
Coming back to Tencent Music Entertainment Group ADR (NYSE:TME), we note that the average 3-month trading volume was 7.60 million, while that of the preceding 10-day period stands at 6.93 million. Current shares outstanding are 699.71 million.
The insiders hold 2.04% of the company’s shares while institutions hold 70.84%. The data shows that short shares as of 2024-07-15, stood at 19.02 million at a short ratio of 2.63. This represents a 266.00 short interest in shares outstanding on 2024-07-15. Shares short fall in July from the previous month at 25.38 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 44.73% up in year-to-date price movement.
