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 -29.80% away from its 52-week high, while its distance from the 52-week low is 39.68%. The stock’s price range over this period has fluctuated between $7.93 and $15.77. The company, operating within the financial sector, had a trading volume of approximately 5.99 million for the day, which was noticeably lower than the average daily share volume of 8.94 million over the last 3 months.
In terms of market performance, Tencent Music Entertainment Group ADR had a fairly even. The highest value for the stock in the past year was $15.77 on 05/16/24, and the lowest value was recorded at $7.93 on 12/08/23.
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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 8.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.75B 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 11.96, with a change in price of -3.44. Similarly, Tencent Music Entertainment Group ADR recorded 9,029,348 in trading volume during the last 100 days, posting a change of -23.71%.
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 0.09. Similarly, the long-term debt-to-equity ratio is also 0.06.
TME Stock Stochastic Average
Today’s raw stochastic average for Tencent Music Entertainment Group ADR over the last 50 days is 35.78%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 48.00%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 57.67% and 64.06%, respectively.
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. This year’s metric has recorded a Price increase of 22.86%. However, over the past six months, we’ve seen a stronger performance of -25.20%. The price of TME leaped by -6.50% over the last 30 days. And in the last five days, it has fallen by -0.72%.
