The market performance of Tencent Music Entertainment Group ADR’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $11.80 on 03/21/24, while the lowest value for the same duration was $5.70 on 08/15/23.
52-week price history of TME Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Tencent Music Entertainment Group ADR’s current trading price is -6.27% away from its 52-week high, while its distance from the 52-week low is 94.04%. The stock’s price range during the 52-week period has remained between $5.70 and $11.80. In the Communication Services sector, the company’s shares saw a trading volume of around 8.04 million for the day, which was evidently lower than the average daily volume of 9.21 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Tencent Music Entertainment Group ADR (TME) has experienced a quarterly rise of 28.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.70B and boasts a workforce of 5805 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.20, with a change in price of +3.85. Similarly, Tencent Music Entertainment Group ADR recorded 9,024,487 in trading volume during the last 100 days, posting a change of +53.40%.
Examining TME’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Tencent Music Entertainment Group ADR’s raw stochastic average for the past 50 days is presently 79.50%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 72.13%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 73.38% and 73.84%, respectively.
TME Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 22.75%. However, over the past six months, we’ve seen a weaker performance of 76.96%. The price of TME fallen by 6.24% over the last 30 days. And in the last five days, it has fallen by -5.39%.
