Tencent Music Entertainment Group ADR (NYSE:TME) shares, rose in value on Wednesday, March 26, with the stock price up by 1.05% to the previous day’s close as strong demand from buyers drove the stock to $14.40.
Actively observing the price movement in the last trading, the stock closed the session at $14.25, falling within a range of $14.285 and $14.635. The value of beta (5-year monthly) was 0.69 whereas the PE ratio was 24.39 over 12-month period. Referring to stock’s 52-week performance, its high was $15.77, and the low was $9.41. On the whole, TME has fluctuated by 13.30% over the past month.
With the market capitalization of Tencent Music Entertainment Group ADR currently standing at about $10.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-17. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 0.95%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 30.95B, with a low estimate of 7.21B and a high estimate of 7.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.27B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TME’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.32, with the price of TME currently trading nearly 8.16% and 14.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.63, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 4.31%. Furthermore, Tencent Music Entertainment Group ADR (TME)’s beta value is 0.54, and its average true range (ATR) is 0.66.
A comparison of Tencent Music Entertainment Group ADR (TME) with its peers suggests the former has fared considerably weaker in the market. TME showed an intraday change of 1.05% in last session, and over the past year, it grew by 31.51%%.
Data on historical trading for Tencent Music Entertainment Group ADR (NYSE:TME) indicates that the trading volumes over the past 10 days have averaged 10.79 and over the past 3 months, they’ve averaged 8.15 million. According to company’s latest data on outstanding shares, there are 699.71 million shares outstanding.
Nearly 0.86% of Tencent Music Entertainment Group ADR’s shares belong to company insiders and institutional investors own 68.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.38 million shares as on 2025-03-14, resulting in a short ratio of 3.0. According to the data, the short interest in Tencent Music Entertainment Group ADR (TME) stood at 410.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 23.22 million. The stock has risen by 26.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TME stock heading into the next quarter.
