Currently, Tencent Music Entertainment Group ADR [TME] is trading at $11.76, up 3.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The TME shares have gain 4.63% over the last week, with a monthly amount glided 3.16%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Tencent Music Entertainment Group ADR [NYSE: TME] stock has seen the most recent analyst activity on March 20, 2024, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $14 for it. Previously, Citigroup upgraded its rating to Buy on March 20, 2024, and elevated its price target to $13. On February 05, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $12 on the stock. CLSA started tracking the stock assigning a Outperform rating and suggested a price target of $10.50 on February 05, 2024. UBS upgraded its rating to a Buy but $10.50 remained the price target by the analyst firm on January 24, 2024. JP Morgan upgraded its rating to Overweight for this stock on November 16, 2023. In a note dated July 31, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $9.70 to $7.50.
This stock has fluctuated between a low of $5.70 and a high of $12.00 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.56 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $11.76 at the most recent close of the market. An investor can expect a potential return of 23.81% based on the average TME price forecast.
Analyzing the TME fundamentals
Trailing Twelve Months sales for Tencent Music Entertainment Group ADR [NYSE:TME] were 3.92B which represents -8.61% decline. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.49 points at the first support level, and at 11.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.92, and for the 2nd resistance point, it is at 12.08.
Tencent Music Entertainment Group ADR [TME] reported earnings per share of $0.14 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.12 per share as compared to estimates of $0.12 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tencent Music Entertainment Group ADR [NYSE:TME] is 2.49. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 26.59.
