After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.
Stocks Info
TME belongs to the Communication Services sector of the NYSE while operating in the Internet Content & Information industry. The current market capitalization of Tencent Music Entertainment Group ADR is $8.53B. A total of 8.66 million shares were traded on the day, compared to an average of 8.78M shares.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Tencent Music Entertainment Group ADR pays an annual dividend of $0.14, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 22.85. TME’s most recent ex-dividend date was 5/31/2024 when it declared a $0.1210 quarterly dividend that was paid in cash on 6/27/2024.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TME has a high of $15.77 and a low of $7.93.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TME’s latest balance sheet shows that the firm has $20.43B in Cash & Short Term Investments as of fiscal 2021. There were $5.36B in debt and $10.45B in liabilities at the time. Its Book Value Per Share was $5.91, while its Total Shareholder’s Equity was $51.05B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TME is Buy with a score of 4.67.
