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Tencent Music Entertainment Group (TME)

6.22   0.44 (7.61%) 11-28 16:00
Open: 5.71 Pre. Close: 5.78
High: 6.325 Low: 5.7
Volume: 15,540,637 Market Cap: 10,543(M)

Technical analysis

as of: 2022-11-28 4:43:39 PM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 7.38     One year: 8.62
Support: Support1: 4.35    Support2: 3.14
Resistance: Resistance1: 6.32    Resistance2: 7.38
Pivot: 5.07
Moving Average: MA(5): 5.86     MA(20): 4.75
MA(100): 4.44     MA(250): 4.89
MACD: MACD(12,26): 0.5     Signal(9): 0.3
Stochastic oscillator: %K(14,3): 93.8     %D(3): 91.4
RSI: RSI(14): 69.3
52-week: High: 7.65  Low: 2.95
Average Vol(K): 3-Month: 9,940 (K)  10-Days: 15,382 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ TME ] has closed below upper band by 18.0%. Bollinger Bands are 229.3% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 8 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 6.32 - 6.35 6.35 - 6.38
Low: 5.63 - 5.66 5.66 - 5.69
Close: 6.16 - 6.22 6.22 - 6.27

Company Description

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Headline News

Mon, 28 Nov 2022
Communication Services Stocks Moving Up and Down Monday: TBLA, IQ, STBX, TME, TZOO, OB, APE, FNGR - InvestorsObserver

Mon, 28 Nov 2022
TME Pharma Announces the Resignation of Its Chief Financial Officer Bryan Jennings - Business Wire

Mon, 28 Nov 2022
How TME Supplies Connectors For The Automotive Industry? - IndianWeb2.com

Tue, 22 Nov 2022
Tencent Music Entertainment Group - ADR (TME) is higher by 1.08% Tuesday In Premarket Trading - InvestorsObserver

Tue, 22 Nov 2022
Tencent Music Entertainment Group Announced Performance Report for Its Overseas Service by Tencent Musician Platform - PR Newswire

Sun, 20 Nov 2022
Tencent Music Stock: It's Time To Reconsider (NYSE:TME) - Seeking Alpha

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Communication Services
Industry:  Internet Content & Information
Shares Out. 1,690 (M)
Shares Float 653 (M)
% Held by Insiders 0 (%)
% Held by Institutions 49 (%)
Shares Short 30,180 (K)
Shares Short P.Month 29,830 (K)

Stock Financials

EPS 0.37
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 30.87
Profit Margin (%) 9.4
Operating Margin (%) 9.3
Return on Assets (ttm) 2.5
Return on Equity (ttm) 5.7
Qtrly Rev. Growth -13.9
Gross Profit (p.s.) 5.56
Sales Per Share 17.13
EBITDA (p.s.) 2.08
Qtrly Earnings Growth 8.3
Operating Cash Flow 6,150 (M)
Levered Free Cash Flow 2,470 (M)

Stock Valuations

PE Ratio 16.36
PEG Ratio 211
Price to Book value 0.2
Price to Sales 0.36
Price to Cash Flow 1.7

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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