With 3.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.25 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $11.47 whereas the lowest price it dropped to was $11.1. The 52-week range on TME shows that it touched its highest point at $15.77 and its lowest point at $7.93 during that stretch. It currently has a 1-year price target of $14.24. With its current market cap of 7.80 billion, TME has annualized dividend of $0.14 while the current yield stands at 1.23%. TME paid its most recent dividend on 1717113600, while the ex-dividend date for that was 1717113600. Beta for the stock currently stands at 0.68.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TME was up-trending over the past week, with a rise of 2.11%, but this was down by -5.27% over a month. Three-month performance surged to 6.80% while six-month performance fell -25.62%. The stock gained 33.21% in the past year, while it has gained 23.75% so far this year. A look at the trailing 12-month EPS for TME yields 0.53 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.17. This implies an EPS growth rate of 37.49% for this year and 18.16% for next year. EPS is expected to grow by 19.56% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.83%.
Float and Shares Shorts:
At present, 699.71 million TME shares are outstanding with a float of 693.71 million shares on hand for trading. On 2024-10-31, short shares totaled 20.27 million, which was 120.0 higher than short shares on 1727654400. In addition to Mr. Kar Shun Pang as the firm’s Executive Chairman, Mr. Zhu Liang serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.56994 of TME’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, TME reported revenue of $7160000000.0 and operating income of $1862000000.0. The EBITDA in the recently reported quarter was $2252000000.0 and diluted EPS was $1.08.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TME since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TME analysts setting a high price target of 124.181 and a low target of 86.796, the average target price over the next 12 months is 105.26993. Based on these targets, TME could surge 1013.73% to reach the target high and rise by 678.44% to reach the target low. Reaching the average price target will result in a growth of 844.12% from current levels.
Analysts have provided yearly estimates in a range of $4.28319 being high and $4.15904 being low. For TME, this leads to a yearly average estimate of $4.22112. The surprise factor in the prior quarter was $1.18. Based on analyst estimates, the high estimate for the next quarter is $1.44 and the low estimate is $1.26. The average estimate for the next quarter is thus $1.31.
