Insights Into Tencent Music Entertainment Group ADR (TME) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that TME Chart 2023 Year-End Charts Officially Unveiled, Featuring Notable Artists including Joker Xue, Zhou Shen and Tia Ray.

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Stocks Info

Tencent Music Entertainment Group ADR is listed on the NYSE in the Communication Services sector while operating in the Internet Content & Information industry. The current market capitalization of Tencent Music Entertainment Group ADR is $6.73B. A total of 3.1 million shares were traded on the day, compared to an average of 0.31 shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TME in the last 3 months, the mean price target is $70.89 with high estimates of $86.38 and low estimates of $53.86. In terms of 52-week highs and lows, TME has a high of $9.82 and a low of $5.70.

As of this writing, TME has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. TME’s latest balance sheet shows that the firm has $20.43B in Cash & Short Term Investments as of fiscal 2021. There were $5.36B in debt and $10.45B in liabilities at the time. Its Book Value Per Share was $4.75, while its Total Shareholder’s Equity was $51.05B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TME is Buy with a score of 4.33.

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