With 11.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.51 million shares. The 52-week range on TME shows that it touched its highest point at $15.77 and its lowest point at $9.41 during that stretch. It currently has a 1-year price target of $16.73. With its current market cap of 10.28 billion, TME has annualized dividend of $0.32 while the current yield stands at 2.16%. Beta for the stock currently stands at 0.43.
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 1.94%, but this was up by 20.11% over a month. Three-month performance surged to 18.09% while six-month performance rose 24.70%. The stock gained 9.79% in the past year, while it has gained 29.43% so far this year. A look at the trailing 12-month EPS for TME yields 0.85 with Next year EPS estimates of 0.84. For the next quarter, that number is 0.19. This implies an EPS growth rate of 27.79% for this year and 11.71% for next year. EPS is expected to grow by 18.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.19%.
Float and Shares Shorts:
At present, 699.71 million TME shares are outstanding with a float of 693.71 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TME since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.34325 being high and $4.15441 being low. For TME, this leads to a yearly average estimate of $4.28031.
