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 $9.15 on 03/05/24.
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 -8.81% away from its 52-week high, while its distance from the 52-week low is 57.24%. The stock’s price range for this period has remained between $9.15 and $15.77. The Communication Services sector company’s shares managed to surpass a trading volume of around 24.73 million for the day, which was noticeably higher compared to the shares’ average daily volume of 6.82 million over the last three months.
Financial Performance and Market Capitalization
Tencent Music Entertainment Group ADR (TME) has experienced a quarterly rise of 25.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.06B 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 11.84, with a change in price of +2.11. Similarly, Tencent Music Entertainment Group ADR recorded 7,508,211 in trading volume during the last 100 days, posting a change of +17.20%.
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 0.09. 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 93.11%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 91.54%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.51% and 85.26%, respectively.
TME Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 26.70% this year. Over the last six months, there has been a weaker performance of 38.54%. The price of TME fallen by 28.97% during the last 30 days period. For the last 5-days stocks have improved 12.70%.
