Tencent Music Entertainment Group ADR (NYSE:TME) price closed higher on Tuesday, April 16, jumping 0.09% above its previous close.
A look at the daily price movement shows that the last close reads $11.24. The company’s P/E ratio in the trailing 12-month period read 25.61. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.00 and 52-week low of $5.70. The stock added 8.91% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TME a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.72. The overview shows that TME’s price is at present -0.61% off the SMA20 and 6.46% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.67, with weekly volatility standing at 3.09%. The indicator jumps to 3.63% when calculated based on the past 30 days. Tencent Music Entertainment Group ADR (NYSE:TME)’s beta value is holding at 0.81, while the average true range (ATR) indicator is currently reading 0.40.
An analysis of the Tencent Music Entertainment Group ADR (NYSE:TME) stock in terms of its daily trading volume indicates that the 3-month average is 8.71 million.
Current records show that the company has 721.20M in outstanding shares. The insiders’ percentage holdings are 1.02% of outstanding shares while the percentage share held by institutions stands at 58.97%. But the 24.86% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
