Tencent Music Entertainment Group ADR (NYSE:TME) has a beta value of 0.73 and has seen 3.51 million shares traded in the recent trading session. The company, currently valued at $10.66B, closed the recent trade at $15.24 per share which meant it lost -$0.18 on the day or -1.19% during that session. The TME stock price is -3.48% off its 52-week high price of $15.77 and 62.6% above the 52-week low of $5.70. The 3-month trading volume is 8.14 million shares.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Sporting -1.19% in the red today, the stock has traded in the green over the last five days when the TME stock price touched $15.24 or saw a rise of 3.36%. Year-to-date, Tencent Music Entertainment Group ADR shares have moved 69.11%, while the 5-day performance has seen it change 2.95%. Over the past 30 days, the shares of Tencent Music Entertainment Group ADR (NYSE:TME) have changed 34.13%.
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Tencent Music Entertainment Group ADR (TME) estimates and forecasts
Figures show that Tencent Music Entertainment Group ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 79.89% over the past 6 months, with this year growth rate of 20.75%, compared to 19.60% for the industry. Revenue growth from the last financial year stood is estimated to be 4.30%.
12 analysts offering their estimates for the company have set an average revenue estimate of 1.01B for the current quarter. 10 have an estimated revenue figure of 1.03B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.83% over the past 5 years. Earnings growth for 2024 is a modest 33.77% while over the next 5 years, the company’s earnings are expected to increase by 14.89%.
TME Dividends
Tencent Music Entertainment Group ADR is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
