Tencent Music Entertainment Group ADR [NYSE: TME] stock went on an upward path that rose over 12.08% on Friday, amounting to a one-week price increase of more than 12.70%.
Over the last 12 months, TME stock rose by 44.96%. The one-year Tencent Music Entertainment Group ADR stock forecast points to a potential downside of -0.98. The average equity rating for TME stock is currently 1.42, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.06 billion, with 699.71 million shares outstanding and 699.69 million shares in the current float. Compared to the average trading volume of 6.82M shares, TME stock reached a trading volume of 24731641 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Tencent Music Entertainment Group ADR [TME]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TME shares is $14.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TME stock is a recommendation set at 1.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Tencent Music Entertainment Group ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 21, 2025. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on November 06, 2024, representing the official price target for Tencent Music Entertainment Group ADR stock. Previously, the target price had yet another raise to $14, while Bernstein analysts kept a Outperform rating on TME stock.
The Average True Range (ATR) for Tencent Music Entertainment Group ADR is set at 0.64, with the Price to Sales ratio for TME stock in the period of the last 12 months amounting to 2.61. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 5.82.
TME Stock Performance Analysis:
Tencent Music Entertainment Group ADR [TME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.70. With this latest performance, TME shares gained by 28.97% in over the last four-week period, additionally plugging by 38.54% over the last 6 months – not to mention a rise of 44.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TME stock in for the last two-week period is set at 71.55, with the RSI for the last a single of trading hit 74.78, and the three-weeks RSI is set at 68.09 for Tencent Music Entertainment Group ADR [TME]. The present Moving Average for the last 50 days of trading for this stock 11.81, while it was recorded at 13.51 for the last single week of trading, and 12.46 for the last 200 days.
Insight into Tencent Music Entertainment Group ADR Fundamentals:
Tencent Music Entertainment Group ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.26 and a Current Ratio set at 2.26.
TME Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TME. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tencent Music Entertainment Group ADR go to 22.63%.
Tencent Music Entertainment Group ADR [TME] Institutonal Ownership Details
The top three institutional holders of TME stocks are: BLACKROCK INC. with ownership of 31.29 million shares, which is approximately 2.0303%. INVESCO LTD., holding 26.56 million shares of the stock with an approximate value of $$373.16 million in TME stocks shares; and INVESCO LTD., currently with $$353.0 million in TME stock with ownership which is approximately 1.6304%.
