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Tencent Music Entertainment Group ADR (TME) Stock: A Year of Stock Market Dynamics

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Tencent Music Entertainment Group ADR’s current trading price is 0.46% away from its 52-week high, while its distance from the 52-week low is 73.07%. The stock’s price range over this period has fluctuated between $5.70 and $9.82. The company, operating within the financial sector, had a trading volume of approximately 3.13 million for the day, which was noticeably higher than the average daily share volume of 0.62 over the last 3 months.

Tencent Music Entertainment Group ADR’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $9.82 on 02/12/24 and a low of $5.70 for the same time frame on 08/15/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Tencent Music Entertainment Group ADR (TME) has experienced a quarterly rise of 32.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.87B.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 8.01, with a change in price of +3.63. Similarly, Tencent Music Entertainment Group ADR recorded 8,235,859 in trading volume during the last 100 days, posting a change of +58.28%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for TME stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.11.

TME Stock Stochastic Average

Today’s raw stochastic average for Tencent Music Entertainment Group ADR over the last 50 days is 92.98%.This indicates a increase from the raw stochastic average of the past 20 days, which was 91.94%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 87.50% and 87.99%, respectively.

TME Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 9.49% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 61.99%. Over the past 30 days, the price of TME has fallen by 4.61%. And in the last five days, it has surged by 6.53%.

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