In recent trading session, Tencent Music Entertainment Group ADR (NYSE:TME) saw 2.6 million shares changing hands at last check today with its beta currently measuring 0.68. Company’s recent per share price level of $13.40 trading at $0.35 or 2.64% at last check today assigns it a market valuation of $9.37B. That most recent trading price of TME’s stock is at a premium of 1.87% from its 52-week high price of $13.15 and is indicating a premium of 57.46% from its 52-week low price of $5.70. Taking a look at company’s average trading volume of 7.98 million if we extend that period to 3-months.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Upright in the green today for gaining 2.64%, in the last five days TME remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $13.40 price level, subtracting -0.53% to its value on the day. Tencent Music Entertainment Group ADR’s shares saw a change of 48.67% in year-to-date performance and have moved 4.00% in past 5-day. Tencent Music Entertainment Group ADR (NYSE:TME) showed a performance of 19.49% in past 30-days.
Tencent Music Entertainment Group ADR (TME) estimates and forecasts
Statistics highlight that Tencent Music Entertainment Group ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 85.78% of value to its shares in past 6 months, showing an annual growth rate of 20.75% while that of industry is 19.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.40% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 914.91M for the same. And 11 analysts are in estimates of company making revenue of 982.42M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.83% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 26.97% while estimates for its earnings growth in next 5 years are of 14.89%.
TME Dividends
Tencent Music Entertainment Group ADR is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
