During the recent session, Tencent Music Entertainment Group ADR (NYSE:TME)’s traded shares were 2.18 million, with the beta value of the company hitting 0.77. At the last check today, the stock’s price was $12.85, reflecting an intraday gain of 1.38% or $0.17. The 52-week high for the TME share is $12.70, that puts it up 1.17 from that peak though still a striking 55.64% gain since the share price plummeted to a 52-week low of $5.70. The company’s market capitalization is $8.99B, and the average trade volume was 8.19 million shares over the past three months.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Tencent Music Entertainment Group ADR (TME) registered a 1.38% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.38% in intraday trading to $12.85, hitting a weekly high. The stock’s 5-day price performance is 13.16%, and it has moved by 16.23% in 30 days. Based on these gigs, the overall price performance for the year is 81.31%.
Tencent Music Entertainment Group ADR (TME) estimates and forecasts
Statistics show that Tencent Music Entertainment Group ADR has outperformed its competitors in share price, compared to the industry in which it operates. Tencent Music Entertainment Group ADR (TME) shares have gone up 86.57% during the last six months, with a year-to-date growth rate more than the industry average at 20.75% against 19.60. In the rating firms’ projections, revenue will increase 3.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 914.36M as predicted by 12 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 981.84M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.83%. While earnings are projected to return 27.09% in 2024, the next five years will return 14.89% per annum.
TME Dividends
Tencent Music Entertainment Group ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
