Tencent Music Entertainment Group ADR (NYSE:TME) shares, rose in value, with the stock price down by -5.06% to the previous day’s close as strong demand from buyers drove the stock to $16.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.49. The PE ratio was 19.65 over 12-month period. Referring to stock’s 52-week performance, its high was $18.06, and the low was $9.41. On the whole, TME has fluctuated by 23.73% over the past month.
With the market capitalization of Tencent Music Entertainment Group ADR currently standing at about $11.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 1.91%.
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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.98, with the price of TME currently trading nearly 3.94% and 15.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.99, while the 7-day volatility ratio is showing 2.49% which for the 30-day chart, stands at 3.83%. Furthermore, Tencent Music Entertainment Group ADR (TME)’s beta value is 0.52, and its average true range (ATR) is 0.68.
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 -5.06% in today’s session so far, and over the past year, it grew by 11.52%%.
Data on historical trading for Tencent Music Entertainment Group ADR (NYSE:TME) indicates that the trading volumes over the past 3 months, they’ve averaged 8.03 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 73.42% of the company’s shares. The stock has risen by 46.30% 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.
