A History of Outperforming Analyst Forecasts and Beating the Odds: Tencent Music Entertainment Group ADR (TME)

With 7.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.56 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $15.34 whereas the lowest price it dropped to was $14.53. The 52-week range on TME shows that it touched its highest point at $15.77 and its lowest point at $5.70 during that stretch. It currently has a 1-year price target of $16.73. With its current market cap of 10.68 billion, TME has annualized dividend of $0.14 while the current yield stands at 0.90%. Beta for the stock currently stands at 0.67.

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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 6.49%, but this was up by 4.95% over a month. Three-month performance surged to 31.75% while six-month performance rose 72.15%. The stock gained 110.62% in the past year, while it has gained 69.48% so far this year. A look at the trailing 12-month EPS for TME yields 0.46 with Next year EPS estimates of 0.71. For the next quarter, that number is 0.15. This implies an EPS growth rate of 34.46% for this year and 23.14% for next year. EPS is expected to grow by 19.66% 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, 699.71 million TME shares are outstanding with a float of 685.44 million shares on hand for trading. On 2024-06-14, short shares totaled 25.38 million, which was 148.0 higher than short shares on 1715731200. In addition to Mr. Kar Shun Pang as the firm’s Executive Chairman, Mr. Zhu Liang serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.55575 of TME’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, TME reported revenue of $6768000000.0 and operating income of $1635000000.0. The EBITDA in the recently reported quarter was $1941000000.0 and diluted EPS was $0.92.

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.