In recent trading session, Tencent Music Entertainment Group ADR (NYSE:TME) saw 1.05 million shares changing hands at last check today with its beta currently measuring 0.65. Company’s recent per share price level of $11.66 trading at -$0.47 or -3.84% at last check today assigns it a market valuation of $8.16B. That most recent trading price of TME’s stock is at a discount of -35.25% from its 52-week high price of $15.77 and is indicating a premium of 43.83% from its 52-week low price of $6.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.48 million shares which gives us an average trading volume of 10.24 million if we extend that period to 3-months.

For Tencent Music Entertainment Group ADR (TME), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.53. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.

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

Upright in the red during last session for losing -3.84%, in the last five days TME remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $11.66 price level, adding 12.92% to its value on the day. Tencent Music Entertainment Group ADR’s shares saw a change of 29.46% in year-to-date performance and have moved -6.91% in past 5-day. Tencent Music Entertainment Group ADR (NYSE:TME) showed a performance of 23.30% in past 30-days. Number of shares sold short was 25.01 million shares which calculate 2.18 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 13.63% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 24. It follows that stock’s current price would jump 22.81% in reaching the projected high whereas dropping to the targeted low would mean a gain of 22.81% for stock’s current value.

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 0.73% of value to its shares in past 6 months, showing an annual growth rate of 26.42% while that of industry is 9.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.50% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 989.21M for the same. And 12 analysts are in estimates of company making revenue of 1.04B in the next quarter. Company posted 913.25M and 969.85M of sales in current and next quarters respectively a year earlier.

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 36.95% while estimates for its earnings growth in next 5 years are of 19.39%.

Tencent Music Entertainment Group ADR (NYSE:TME)’s Major holders

BLACKROCK INC. is the top institutional holder at TME for having 31.29 million shares of worth $439.57 million. And as of 2024-06-30, it was holding 2.0303 of the company’s outstanding shares.

The second largest institutional holder is INVESCO LTD., which was holding about 26.56 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.7235 of outstanding shares, having a total worth of $373.16 million.