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Tencent Music Entertainment Group (TME)

7.66   0.07 (0.92%) 03-24 16:00
Open: 7.5 Pre. Close: 7.59
High: 7.765 Low: 7.46
Volume: 4,921,362 Market Cap: 12,984(M)

Technical analysis

as of: 2023-03-24 4:30:33 PM
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 9.67     One year: 11.29
Support: Support1: 7.33    Support2: 6.75
Resistance: Resistance1: 8.27    Resistance2: 9.67
Pivot: 7.61
Moving Average: MA(5): 7.48     MA(20): 7.68
MA(100): 7.41     MA(250): 5.61
MACD: MACD(12,26): -0.2     Signal(9): -0.2
Stochastic oscillator: %K(14,3): 49.1     %D(3): 41
RSI: RSI(14): 47.9
52-week: High: 9.28  Low: 3.14
Average Vol(K): 3-Month: 7,262 (K)  10-Days: 7,925 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ TME ] has closed below upper band by 45.2%. Bollinger Bands are 40.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 0 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 7.77 - 7.8 7.8 - 7.83
Low: 7.38 - 7.42 7.42 - 7.45
Close: 7.6 - 7.66 7.66 - 7.71

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

Fri, 24 Mar 2023
Tencent Music Entertainment Group (NYSE:TME) Q4 2022 Earnings Call Transcript - Yahoo Finance

Tue, 21 Mar 2023
Tencent Music Entertainment had 88.5m paying users at the end of ... - Music Business Worldwide

Tue, 21 Mar 2023
What's Going On With Tencent Music Entertainment Group Stock Today? - Tencent Music Enter Gr (NYSE:TME) - Benzinga

Mon, 20 Mar 2023
Dow futures tick higher following relief rally - Yahoo Finance

Mon, 20 Mar 2023
Interesting TME Put And Call Options For May 19th - Nasdaq

Fri, 17 Mar 2023
Earnings Previews: Foot Locker, PDD (Pinduoduo), Tencent Music - 24/7 Wall St.

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. 1,700 (M)
Shares Float 643 (M)
% Held by Insiders 0 (%)
% Held by Institutions 50.6 (%)
Shares Short 21,510 (K)
Shares Short P.Month 22,470 (K)

Stock Financials

EPS 0.28
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 29.73
Profit Margin (%) 10.7
Operating Margin (%) 10.5
Return on Assets (ttm) 2.8
Return on Equity (ttm) 6.4
Qtrly Rev. Growth -5.6
Gross Profit (p.s.) 5.52
Sales Per Share 16.77
EBITDA (p.s.) 2.25
Qtrly Earnings Growth 50
Operating Cash Flow 5,810 (M)
Levered Free Cash Flow 1,790 (M)

Stock Valuations

PE Ratio 27.35
PEG Ratio 199.5
Price to Book value 0.25
Price to Sales 0.45
Price to Cash Flow 2.24

Stock Dividends

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