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 Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024.
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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. At the end of the last regular session, the stock closed at $10.57 and fluctuated between $10.89 as its day high and $10.52 as its day low. The current market capitalization of Tencent Music Entertainment Group ADR is $7.36B. A total of 9.4 million shares were traded on the day, compared to an average of 8.67M shares.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, TME has a high of $10.82 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 11 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.
