In terms of market performance, Tencent Music Entertainment Group ADR had a somewhat regular. The highest value for the stock in the past year was $15.77 on 05/16/24, while the lowest value was $6.76 on 11/14/23.
52-week price history of TME Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Tencent Music Entertainment Group ADR’s current trading price is -25.62% away from its 52-week high, while its distance from the 52-week low is 73.39%. The stock’s price range for this period has remained between $6.76 and $15.77. The Communication Services sector company’s shares managed to surpass a trading volume of around 2.22 million for the day, which was noticeably lower compared to the shares’ average daily volume of 9.82 million over the last three months.
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Financial Performance and Market Capitalization
Tencent Music Entertainment Group ADR (TME) has experienced a quarterly decline of -11.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.21B and boasts a workforce of 5185 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.41, with a change in price of -3.16. Similarly, Tencent Music Entertainment Group ADR recorded 8,895,815 in trading volume during the last 100 days, posting a change of -21.25%.
TME Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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
As of today, the raw stochastic average of Tencent Music Entertainment Group ADR over the past 50 days is 49.25%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 27.62%. Additionally, the Stochastic %K and %D values for the company were 13.07% and 7.03%, respectively, over the past 20 days.
TME Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 30.19% this year. Over the last six months, there has been a stronger performance of -12.07%. The price of TME leaped by -12.07% during the last 30 days period. For the last 5-days stocks have improved 1.47%.
