|Bid||14.23 x 4000|
|Ask||14.45 x 3000|
|Day's range||14.25 - 14.75|
|52-week range||11.81 - 19.97|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||44.32|
|Earnings date||12 Aug 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.69|
Tencent shares gained over 13.0% in market value last month. The stock rose 3.4% on July 1, which took the returns to 17.3% in 2019.
Of the 15 analysts tracking Tencent Music Entertainment (TME) stock, eight have given it “buys,” seven have given it “holds,” and none have given it “sells.” Analysts have a 12-month median target price of $17.7 on the stock, which indicates a potential upside of 17.0%.
In this series, we have seen that TME stock is set to expand revenue and profit margins going forward. The company’s sales are estimated to rise 36.9% in 2019 and 35.3% in 2020. Its earnings per share are also expected to gain over 35.0% annually in the next five years.
Tencent Music Entertainment (TME) has an expanding total addressable market. The music streaming market in China is estimated to grow from $1.14 billion in 2018 to $6.27 billion in 2023, according to iResearch.
The music streaming industry, like any other, depends on repeat purchases for sustainability. TME’s subscription model ensures repeat purchases, but the company needs to engage customers to stop them from switching to rival services.
Tencent Music Entertainment managed to increase its subscribers in the double digits across its segments in the first quarter driven by content diversification, partnerships with leading music labels, and the discovery of new and emerging musicians.
Shares of Tencent Music Entertainment (TME) have risen 14.5% year-to-date. However, the stock has fallen 16.4% since the start of April 2019. In fact, it's gained 14.3% in market value this month, which means its shares were down nearly 30.0% in April and May.
Tencent Music Entertainment (TME) managed to grow its revenue by 72.0% YoY (year-over-year) to $2.76 billion in 2018. A company’s revenue growth and earnings growth are key drivers of its stock price.
Tencent Music Entertainment has generated returns of 14.3% in June. Despite its recent rally, it's fallen 16.4% since April this year. TME is currently trading at $15.13 and is up 14.5% year-to-date.
These Tech Stocks Gained Over 5.0% on June 10(Continued from Prior Part)TME reboundedShares of Tencent Music Entertainment (TME) gained 5.0% overnight to close trading at $14.30. While there was no news about the company, the stock likely rebounded
How China's Tech Stocks Have Performed since Start of May(Continued from Prior Part)TME metricsTencent Music Entertainment (TME) was listed as an ADR (American Depository Receipt) in December 2018. The stock closed trading at $14.0 on December 12,
Latest earnings report hints that the tech giant should spin off its fragmented and unprofitable digital-media platforms.
Investors need to pay close attention to Tencent Music (TME) stock based on the movements in the options market lately.
China’s top streaming music company delivers nearly 40% sales growth -- but its stock gets pummeled by escalated trade tensions.
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