A share price of Tencent Music Entertainment Group ADR [TME] is currently trading at $11.15, down -2.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The TME shares have gain 2.11% over the last week, with a monthly amount drifted -5.27%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tencent Music Entertainment Group ADR [NYSE: TME] stock has seen the most recent analyst activity on November 06, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $16. Previously, Bernstein started tracking the stock with Outperform rating on November 04, 2024, and set its price target to $14. On September 25, 2024, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $13 on the stock. Daiwa Securities downgraded its rating to a Neutral. Goldman upgraded its rating to a Buy but $14 remained the price target by the analyst firm on March 20, 2024. Citigroup upgraded its rating to Buy for this stock on March 20, 2024, and upped its price target to $13. In a note dated February 05, 2024, Redburn Atlantic initiated an Buy rating and provided a target price of $12 on this stock.
Tencent Music Entertainment Group ADR experienced fluctuations in its stock price throughout the past year between $7.93 and $15.77. Currently, Wall Street analysts expect the stock to reach $14.62 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $11.15 at the most recent close of the market. An investor can expect a potential return of 31.12% based on the average TME price forecast.
Analyzing the TME fundamentals
Trailing Twelve Months sales for Tencent Music Entertainment Group ADR [NYSE:TME] were 3.86B which represents 7.97% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 11.01 points at the first support level, and at 10.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.38, and for the 2nd resistance point, it is at 11.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tencent Music Entertainment Group ADR [NYSE:TME] is 2.26. On the other hand, the Quick Ratio is 2.26, and the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 20.90.
