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Tencent Music Entertainment Group (TME)

17.09   -0.41 (-2.34%) 07-10 16:00
Open: 17.5 Pre. Close: 17.5
High: 17.51 Low: 16.915
Volume: 11,422,170 Market Cap: 28,669M
Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 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. In addition, it sells music-related merchandise, including Kugou M1 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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 17.524 - 17.613 17.613 - 17.669
Low: 16.711 - 16.827 16.827 - 16.901
Close: 16.923 - 17.099 17.099 - 17.211

Technical analysis

as of: 2020-07-10 4:32:48 PM
Overall:       
Stoxline posted a NEUTRAL today, downgraded from higher rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 20.99     One year: 24.52
Support: Support1: 14.28    Support2: 12.00
Resistance: Resistance1: 17.97    Resistance2: 20.99
Pivot: 14.60
Moving Average: MA(5): 16.72     MA(20): 14.10
MA(100): 11.96     MA(250): 12.75
MACD: MACD(12,26): 1.16     Signal(9): 0.77
Stochastic oscillator: %K(14,3): 88.18     %D(3): 92.86
RSI: RSI(14): 79.39
52-week: High: 17.97  Low: 9.22  Change(%): 6.9
Average Vol(K): 3-Month: 1178385  10-Days: 1800398

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
TME has closed below upper band by 9.8%. Bollinger Bands are 204.4% wider than normal. The large width of the bands suggest high volatility as compared to TME's normal range. The bands have been in this wide range for 4 bars. This is a sign that the current trend might continue.

Headline News

Fri, 10 Jul 2020
Analysts Conflicted on These Technology Names: GoDaddy (GDDY) and Tencent Music Entertainment Group (TME) - Smarter Analyst

Thu, 09 Jul 2020
Does Tencent Music Entertainment Group - ADR (TME) Stock Have Analysts Confidence? - InvestorsObserver

Wed, 08 Jul 2020
Tencent Music Entertainment Group (NYSE:TME) Looks Just Right - Simply Wall St

Wed, 08 Jul 2020
Tencent Music Entertainment Exclusively Presents "Global Goal: Unite for Our Future" Special in China - PRNewswire

Tue, 07 Jul 2020
When Is The Right Time To Get Involved In Tencent Music Entertainment Group (TME)? - Invest Million

Mon, 06 Jul 2020
Market Reactions to Tencent Music Entertainment Group - ADR (TME) Stock Getting a Bullish Rating - InvestorsObserver

Financial Analysis

Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  NYSE
Sector:  Communication Services
Industry:  Internet Content & Information
Shares Out. (M) 1,680
Shares Float (M) 418
% Held by Insiders 5.18
% Held by Institutions 37.81
Shares Short (K) 41,890
Shares Short P. Month (K) 31,150

Stock Financials

EPS 0.320
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 3.330
Profit Margin 14.93
Operating Margin
Return on Assets (ttm) 5.0
Return on Equity (ttm) 9.3
Qtrly Rev. Growth 10.0
Gross Profit (p.s.) 5.161
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth -10.10
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 53.41
PEG Ratio 1.61
Price to Book value 5.13
Price to Sales
Price to Cash Flow

Stock Dividends

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