Best Streaming Stocks To Watch Now - August 4th

Key Points

• NVIDIA, Figma, and Spotify Technology are highlighted as the top streaming stocks to watch, reflecting high trading activity and potential growth in the digital content market.
• NVIDIA's stock price increased by $5.80 to $179.52 recently, with impressive trading volume, while Figma's shares fell to $94.25, and Spotify's stock rose to $662.88 during the same trading session.
• Investors are focused on metrics such as subscriber growth, content investment, and competition as these streaming stocks are sensitive to market dynamics and technological changes.

NVIDIA, Figma, and Spotify Technology are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies whose primary business is delivering digital content—such as video, music or gaming—over the internet on an on-demand basis. These firms typically earn revenue through subscription fees, advertising or a combination of both, and their stock performance is closely tied to metrics like subscriber growth, content investment and streaming-infrastructure costs. Investors often view streaming stocks as growth-oriented plays that can be sensitive to competition, licensing fees and technological shifts. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Shares of NVDA stock traded up $5.80 during trading hours on Monday, reaching $179.52. 102,328,329 shares of the stock traded hands, compared to its average volume of 247,803,313. NVIDIA has a 1-year low of $86.62 and a 1-year high of $183.30. The business has a fifty day moving average price of $155.30 and a 200 day moving average price of $132.28. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.38 trillion, a PE ratio of 57.84, a PEG ratio of 1.53 and a beta of 2.14.

Read Our Latest Research Report on NVDA

Figma (FIG)

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.

Shares of NYSE FIG traded down $27.75 during mid-day trading on Monday, reaching $94.25. The company had a trading volume of 32,455,756 shares, compared to its average volume of 44,165,609. Figma has a twelve month low of $84.11 and a twelve month high of $142.92. The company has a market capitalization of $40.06 million, a PE ratio of 127.36 and a beta of 0.65.

Read Our Latest Research Report on FIG

Spotify Technology (SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

SPOT stock traded up $35.73 during trading hours on Monday, hitting $662.88. The company's stock had a trading volume of 2,865,429 shares, compared to its average volume of 2,346,070. The stock has a 50 day moving average price of $700.71 and a two-hundred day moving average price of $625.45. The company has a market capitalization of $135.70 billion, a PE ratio of 160.77, a price-to-earnings-growth ratio of 2.71 and a beta of 1.70. Spotify Technology has a 12 month low of $300.57 and a 12 month high of $785.00.

Read Our Latest Research Report on SPOT

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