Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Tencent Music Entertainment Group ADR’s current trading price is -22.26% away from its 52-week high, while its distance from the 52-week low is 35.10%. The stock’s price range during this period has varied between $9.07 and $15.77. The company, active in the Communication Services sector, saw a trading volume of around 2.7 million for the day, considerably lower average daily volume of 6.85 million observed over the last three months.
Tencent Music Entertainment Group ADR had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $15.77 on 05/16/24, while the lowest price during the same period was $9.07 on 02/05/24.
How Financial Performance Impacts Market Capitalization
Tencent Music Entertainment Group ADR (TME) has experienced a quarterly rise of 10.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.58B and boasts a workforce of 5185 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.53, with a change in price of +2.56. Similarly, Tencent Music Entertainment Group ADR recorded 7,851,047 in trading volume during the last 100 days, posting a change of +26.48%.
How TME’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
As of today, the raw stochastic average of Tencent Music Entertainment Group ADR over the last 50 days is at 54.54%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 90.47%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.23% and 81.30%, respectively.
TME Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 8.02%. However, over the past six months, we’ve seen a stronger performance of -2.85%. The price of TME fallen by 8.30% over the last 30 days. And in the last five days, it has surged by 4.07%.
