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Tencent Music Entertainment Group (TME)

14.62   0.12 (0.83%) 09-29 08:50
Open: 14.53 Pre. Close: 14.5
High: 14.8199 Low: 14.29
Volume: 11,133,121 Market Cap: 24,525M
Tencent Music Entertainment Group engages in the provision of online music entertainment platform. The company is headquartered in Shenzhen, Guangdong and currently employs 3,041 full-time employees. The firm's platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. The firm's main platform includes QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, Kuwo Live and others.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 14.855 - 14.953 14.953 - 15.042
Low: 14.049 - 14.173 14.173 - 14.286
Close: 14.427 - 14.624 14.624 - 14.802

Technical analysis

as of: 2020-09-28 4:38:07 PM
Overall:       
Stoxline posted a NEUTRAL today, upgraded from lower rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 18.11     One year: 19.19
Support: Support1: 14.02    Support2: 11.66
Resistance: Resistance1: 15.51    Resistance2: 16.43
Pivot: 15.39
Moving Average: MA(5): 14.70     MA(20): 15.48
MA(100): 14.43     MA(250): 13.15
MACD: MACD(12,26): -0.22     Signal(9): -0.07
Stochastic oscillator: %K(14,3): 21.88     %D(3): 19.39
RSI: RSI(14): 38.36
52-week: High: 17.97  Low: 9.22  Change(%): 14.0
Average Vol(K): 3-Month: 957791  10-Days: 1036362

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
TME has closed above bottom band by 15.7%. Bollinger Bands are 2.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Tue, 29 Sep 2020
The Rejuvenation of Tencent Music Entertainment Group (NYSE:TME) - The Oracle Dispatch

Mon, 28 Sep 2020
Tencent Music Entertainment Group (TME) Seems To Be Turning Some Investors Off - Invest Million

Fri, 25 Sep 2020
Tencent Music Entertainment Group (NYSE:TME) Takes -3.8% Drop, But A Strong Recovery May Be Imminent - Marketing Sentinel

Thu, 24 Sep 2020
Tencent Musician Launches Collection of Folk Music in Local Dialects by Indie Artists After 12-Week Competition - PRNewswire

Thu, 24 Sep 2020
Analysts Offer Insights on Technology Companies: Tencent Music Entertainment Group (TME), Square (SQ) and ZoomInfo Technologies (ZI) - Smarter Analyst

Wed, 23 Sep 2020
With EPS Growth And More, Tencent Music Entertainment Group (NYSE:TME) Is Interesting - Yahoo Finance

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.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Neutral
Free Technical Analysis Charts

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) 50,960
Shares Short P. Month (K) 42,700

Stock Financials

EPS 0.320
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 3.330
Profit Margin 14.40
Operating Margin
Return on Assets (ttm) 4.6
Return on Equity (ttm) 8.6
Qtrly Rev. Growth 17.5
Gross Profit (p.s.) 5.161
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth 1.30
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 45.69
PEG Ratio 1.21
Price to Book value 4.39
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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