Tencent Music Entertainment Group ADR (NYSE:TME) currently has a daily average trading volume of 8.38M but it saw 5383360 shares traded in last market. With a market cap of 6.62B USD, the company’s current market price of $9.46 came falling about -0.42 while comparing to the previous closing price of $9.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.77 and as low as $5.96. In the recent trading on the day, stock has struck highest price mark of $9.41 while lowest mark touched by it was $9.55.
Taking a look at 20-day trading activity of Tencent Music Entertainment Group ADR (TME) gives us an average price of $10.10, while its current price level is -40.01% below from 52-week high level whereas it is 58.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.11 while that of 200 days or SMA-200 reads an average of $11.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.36% during that period while stretching the period over a month that increases to 3.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.32 which implies that the stock is in oversold territory.
Goldman upgraded its recommendation for the stock as a “Buy” from “Neutral” on March 20, 2024 while assigning a price target of $14. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $9 and $13.
Over the week, TME’s stock price is moving -2.97% down while it is -11.09% when we observe its performance for the past one month. Year-to-date it is 4.99% up and over the past year, the stock is showing an upside performance of 49.45%.
Currently, Tencent Music Entertainment Group ADR’s total number of outstanding shares is 699.71M. Company’s return on investment (ROI) stands at 8.36% and return on equity (ROE) at 9.77%. It has a price to earnings ratio (P/E ratio) of 19.14 while having a 13.34 of forward P/E ratio. Stock’s beta reads 0.65. Stock has a price to book (P/B) ratio of 1.72 while price to sale or P/S ratio amounts to 1.75. Its return on asset (ROA) is 7.24% on average.
