Take off with Tencent Music Entertainment Group ADR (TME): Get ready for trading

With 4.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.3 million shares. The 52-week range on TME shows that it touched its highest point at $11.80 and its lowest point at $5.70 during that stretch. It currently has a 1-year price target of $12.59. Beta for the stock currently stands at 0.81.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TME was up-trending over the past week, with a rise of 1.55%, but this was up by 6.21% over a month. Three-month performance surged to 27.38% while six-month performance rose 78.49%. The stock gained 33.98% in the past year, while it has gained 23.42% so far this year. A look at the trailing 12-month EPS for TME yields 0.44 with Next year EPS estimates of 0.65. For the next quarter, that number is 0.13. This implies an EPS growth rate of 25.12% for this year and 20.50% for next year. EPS is expected to grow by 14.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.83%.

Float and Shares Shorts:

At present, 721.20 million TME shares are outstanding with a float of 713.82 million shares on hand for trading. On Mar 15, 2024, short shares totaled 30.59 million, which was 1.78% higher than short shares on Feb 15, 2024. In addition to GME as the firm’s GameStop Corporation, TMF serves as its Direxion Daily 20-Yr Treasury B.

Institutional Ownership:

Through their ownership of 50.56% of TME’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TME since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.