The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Tencent Music Entertainment Group ADR’s current trading price is -9.07% away from its 52-week high, while its distance from the 52-week low is 151.58%. The stock’s price range for this period has been between $5.70 and $15.77 The company’s shares, which are part of the Communication Services sector, had a trading volume of approximately 5.46 million for the day, a number notably lower than the average daily volume of 7.34 million over the last three months.
Tencent Music Entertainment Group ADR saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $15.77 on 05/16/24, while the lowest price for the same duration was marked at $5.70 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 28.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.03B and boasts a workforce of 5185 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.34, with a change in price of +4.54. Similarly, Tencent Music Entertainment Group ADR recorded 7,859,410 in trading volume during the last 100 days, posting a change of +46.33%.
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 0.10. Similarly, the long-term debt-to-equity ratio is also 0.10.
TME Stock Stochastic Average
Tencent Music Entertainment Group ADR’s raw stochastic average for the past 50 days is presently 68.54%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 52.67%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 37.05% and 36.71%, respectively.
TME Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price increase of 59.16%. However, over the past six months, we’ve seen a weaker performance of 64.26%. The price of TME leaped by -5.47% over the last 30 days. And in the last five days, it has surged by 0.42%.
