Tencent Music Entertainment Group (NYSE:TME) recently ticked higher on weak volume. About 4770974 contracts were traded on 21-May-19 compared to daily average volume of 6286560 shares. The first sale was made at $13.71 but later the stock became weaker, and closed with a gain of 3.22%. It was last traded at $14.1 apiece.Tencent Music Entertainment Group (TME): Outperform Candidate With 26.17% Upside Potential
Tencent Music Entertainment Group is maintained at an average outperform rating by 13 stock analysts, and there are at least 19.7% of shares outstanding that are currently legally short sold. The shares went down by -21.58% in value last month. Year-to-date it jumped 6.66%. Analysts are turning out to be more optimistic than before, with 6 of analysts who cover Tencent Music Entertainment Group (NYSE:TME) advice adding it to buy candidate list. Wall Street experts also assign a $17.79 price target on Tencent Music Entertainment Group, pointing towards a 26.17% rally from current levels. The stock is trading for about -29.39% less than its 52-week high.
Revenue scored 7.41% growth from the previous quarter, coming up with $5.8 billion.TME Retreats -6.06% In A Week
This company shares (TME) so far managed to recover 19.39% since collapsing to its 52-week low. Over a week, it has seen its stock price volatility to stay at 3.86% while widening the period to a month, volatility was 3.92%. The share price has yet to cross its 20 days moving average, floating at a distance of -13.62% and sits -18.54% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -6.06% losses and is down by -11.67% compared with its 200-day moving average of $15.96. Also, Tencent Music Entertainment Group (TME) needs to overturn a 0% decrease it experienced over the past twelve months.
As regular trading ended, Houston American Energy Corp. (HUSA) stock brought in a -$0.01 drop to $0.23. The day started at a price of $0.245 but then traded as high as $0.245 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 0. Houston American Energy Corp. sank -50.21% from their peak of $0.47 and now has a $15.06 million market value of equity.Houston American Energy Corp. (HUSA) Returns 23.68% This Year
The company had seen its current volume reaching at 405942 shares in the last trade. That compares with the recent volume average of 866640. At the close of regular trading, its last week’s stock price volatility was 11.87% which for the month reaches 9.74%. Houston American Energy Corp. dipped to as low as $0.232 throughout the day and has returned 23.68% in this year. At one point in the past year, the shares traded as low as $0.17 but has recovered 33.71% since then. [T4]