Tencent Music Entertainment Group – ADR Shares Near 52-Week Low – Market Mover

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Tencent Music Entertainment Group – ADR (TME) shares today closed 0.3% above their 52-week low of $5.82, giving the company a market cap of $10 billion of dollars. The stock is currently down 11.7% year-to-date, 77.8% over the past 12 months and 56.8% over the past five years. This week, the Dow Jones Industrial Average fell 3.0% and the S&P 500 4.8%.

Commercial activity

  • Trading volume this week was 16.6% above the 20-day average.
  • The beta, a measure of the stock’s volatility relative to the broader market, is 1.2.

Technical indicators

  • The stock’s relative strength index (RSI) was below 30, indicating that it may be underbought.
  • The MACD, a momentum indicator that follows the trend, indicates a downtrend.
  • The stock closed above its Bollinger Band, indicating it may be overbought.

Comparative market performance

  • The company’s stock price is the same as the S&P 500 index, with a one-year lag and with a 5-year lag
  • The company’s stock price is the same as the Dow Jones Industrial Average, lagged 1 year and lagged 5 years

Comparative performance by group

  • Year-to-date, the company’s stock price performance is 268.5% below the peer average.
  • The company’s stock price performance over the past 12 months lags the peer average by 448.4%.
  • The company’s price-to-earnings ratio, which relates a company’s stock price to its earnings per share, is 104.0% above average.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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