In the latest trading session, 1.46 million Tencent Music Entertainment Group ADR (NYSE:TME) shares changed hands as the company’s beta touched 0.69. With the company’s most recent per share price at $13.35 changed hands at -$0.22 or -1.58% at last look, the market valuation stands at $9.34B. TME’s current price is a discount, trading about -2.32% off its 52-week high of $13.66. The share price had its 52-week low at $5.70, which suggests the last value was 57.3% up since then. When we look at Tencent Music Entertainment Group ADR’s average trading volume, we note the 3-month average coming to 7.82 million.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Instantly TME was in red as seen in intraday trades today. With action 6.41%, the performance over the past five days has been green. The drop to weekly highs of 13.66 subtracted -1.58% to the stock’s daily price. The company’s shares are showing year-to-date upside of 48.22%, with the 5-day performance at 6.41% in the green. However, in the 30-day time frame, Tencent Music Entertainment Group ADR (NYSE:TME) is 15.23% up.
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 78.30% over the past 6 months, a 20.75% in annual growth rate that is considerably higher than the industry average of 19.50%. Year-over-year growth is forecast to reach 3.40% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 915.38M. 11 analysts are of the opinion that Tencent Music Entertainment Group ADR’s revenue for the current quarter will be 983.16M. The company’s revenue for the corresponding quarters a year ago was 980.64M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.70%.
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 26.42%, but the outlook for the next 5-year period is at 14.89% per year.
