Warner Music Group, NetEase, Dolby Laboratories, Tencent Music Entertainment Group, and Madison Square Garden Entertainment are the five Music stocks to watch today, according to MarketBeat's stock screener tool. “Music stocks” are shares of publicly traded companies whose businesses are tied to the music industry, such as record labels, music-streaming services, concert promoters, or instrument makers. Investors may use the term for companies that earn revenue from music, though their performance can also depend on broader business and market factors. These companies had the highest dollar trading volume of any Music stocks within the last several days.
Warner Music Group (WMG)
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.
Shares of NASDAQ WMG traded up $0.63 during mid-day trading on Friday, reaching $32.30. The company had a trading volume of 3,092,991 shares, compared to its average volume of 1,998,522. The stock has a fifty day moving average of $29.42 and a two-hundred day moving average of $28.66. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.44 and a beta of 1.34. Warner Music Group has a 12-month low of $23.34 and a 12-month high of $35.42. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.72 and a current ratio of 0.73.
Read Our Latest Research Report on WMG
NetEase (NTES)
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.
NASDAQ NTES traded down $0.45 on Friday, reaching $122.18. The stock had a trading volume of 661,554 shares, compared to its average volume of 895,980. The business has a 50 day moving average price of $120.14 and a 200 day moving average price of $120.71. NetEase has a 1 year low of $106.06 and a 1 year high of $149.11. The company has a market capitalization of $78.23 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.45 and a beta of 0.64.
Read Our Latest Research Report on NTES
Dolby Laboratories (DLB)
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.
DLB traded down $0.97 during midday trading on Friday, hitting $63.62. 1,262,932 shares of the company's stock traded hands, compared to its average volume of 601,406. The company has a market cap of $5.96 billion, a PE ratio of 27.07 and a beta of 0.79. The stock's fifty day simple moving average is $60.99 and its 200-day simple moving average is $59.43. Dolby Laboratories has a one year low of $48.26 and a one year high of $69.95.
Read Our Latest Research Report on DLB
Tencent Music Entertainment Group (TME)
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.
TME stock traded up $0.01 during trading hours on Friday, hitting $9.03. The company's stock had a trading volume of 6,954,165 shares, compared to its average volume of 5,651,566. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $14.20 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76. Tencent Music Entertainment Group has a 12 month low of $7.66 and a 12 month high of $19.45. The stock has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $9.96.
Read Our Latest Research Report on TME
Madison Square Garden Entertainment (MSGE)
Shares of Madison Square Garden Entertainment stock traded up $0.78 during midday trading on Friday, reaching $79.58. 369,951 shares of the company's stock traded hands, compared to its average volume of 387,771. The company has a debt-to-equity ratio of 44.74, a quick ratio of 0.62 and a current ratio of 0.62. Madison Square Garden Entertainment has a 52 week low of $44.29 and a 52 week high of $90.41. The company's 50 day simple moving average is $79.29 and its 200 day simple moving average is $71.37. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 39.20 and a beta of 0.56.
Read Our Latest Research Report on MSGE
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