In the latest trading session,, 2.35 million Tencent Music Entertainment Group ADR (NYSE:TME) shares changed hands as the company’s beta touched 0.81. With the company’s most recent per share price at $11.14 changed hands at -$0.1 or -0.93% at last look, the market valuation stands at $8.03B. TME’s current price is a discount, trading about -7.72% off its 52-week high of $12.00. The share price had its 52-week low at $5.70, which suggests the last value was 48.83% up since then. When we look at Tencent Music Entertainment Group ADR’s average trading volume, we note the 3-month average coming to 8.71 million.

Tencent Music Entertainment Group ADR (NYSE:TME) trade information

Instantly TME was in red as seen in intraday trades today. With action -5.95%, the performance over the past five days has been red. The drop to weekly highs of 12.00 subtracted -0.93% to the stock’s daily price. The company’s shares are showing year-to-date upside of 23.58%, with the 5-day performance at -5.95% in the red. However, in the 30-day time frame, Tencent Music Entertainment Group ADR (NYSE:TME) is 7.79% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Tencent Music Entertainment Group ADR (TME) estimates and forecasts

Data shows that the Tencent Music Entertainment Group ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 70.00% over the past 6 months, a 20.75% in annual growth rate that is considerably higher than the industry average of 19.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.83%. The 2024 estimates are for Tencent Music Entertainment Group ADR earnings to increase by 25.65%, but the outlook for the next 5-year period is at 14.89% per year.