The Ratings Game: Amkor Technology, Inc. (AMKR), Tencent Music Entertainment Group (TME)

Over the past 52 weeks Amkor Technology, Inc. (NASDAQ:AMKR) has embarked on a drop that has seen it decline -2.74% and is now up by 40.85% since start of this year. The equity price rose 7.07% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 25.37% gain over the past 30 days. Its equity price climbed by 37.5% over the past three months which led to its overall six-month decrease to stand at -1.07%.

The shares of Amkor Technology, Inc. (AMKR) dropped by -20.89% or -$2.44 from its last recorded high of $11.68 which it attained on March 13 to close at $9.24 per share. Over the past 52 weeks, the shares of Amkor Technology, Inc. has been trading as low as $5.72 before witnessing a massive surge by 61.54% or $3.52. This price movement has led to the AMKR stock receiving more attention and has become one to watch out for. It jumped by 3.59% on Wednesday and this got the market excited. The stock’s beta now stands at 1.88 and when compared to its 200-day moving average and its 50-day moving average, AMKR price stands 17.7% above and 30.13% above respectively. Its average daily volatility for this week is 5.85% which is more than the 3.97% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Amkor Technology, Inc. with most of them predicting a $7.05 price target on a short-term (12 months) basis. The average price target by the analysts will see a -23.7% rise in the stock and would lead to AMKR’s market cap to surge to $1.69B. The stock has been rated an average 3.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 4 analysts that track Amkor Technology, Inc. (NASDAQ:AMKR) and find out that 3 of them rated it as a Hold. 0 of the 1 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at AMKR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 78.09 point. Its trading volume has added 1272242 shares compared to readings over the past three months as it recently exchanged 2302242 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1030000 shares, and this is 2.24 times the normal volume.

Analysts have predicted a price target for Tencent Music Entertainment Group (TME) for 1 year and it stands at an average $16.32/share. This means that it would likely increase by 2.84% from its current position. The current price of the stock has been moving between $15.51 and $16.29. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $14. On the other hand, one analyst is super bullish about the price, setting a target as high as $19.

The TME stock Stochastic Oscillator (%D) is at 70.53%, which means that it is currently neutral. The shares P/S ratio stands at 10.37 which compares to the 8.2 recorded by the industry or the 2.63 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 36.65, which is lower than the 53.98 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.

Analysts view Tencent Music Entertainment Group (NYSE:TME) as a Hold, with 2.2 consensus rating. Reuters surveyed 11 analysts that follow TME and found that 3 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Tencent Music Entertainment Group (TME) shares or sell it if they already own it.