NetEase, Dolby Laboratories, Tencent Music Entertainment Group, Warner Music Group, Madison Square Garden Entertainment, Algorhythm, and Reservoir Media are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. “Music stocks” are shares of publicly traded companies that earn revenue from the music industry, such as record labels, streaming services, concert promoters, or musical-instrument makers. Investors may buy them to gain exposure to the industry, but their performance depends on each company’s finances and market conditions—not just on music’s popularity. These companies had the highest dollar trading volume of any Music stocks within the last several days.
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.
Shares of NTES stock traded down $0.78 during mid-day trading on Friday, reaching $121.86. 341,876 shares of the company's stock traded hands, compared to its average volume of 846,063. NetEase has a 12 month low of $106.06 and a 12 month high of $149.11. The firm has a 50 day moving average price of $120.03 and a two-hundred day moving average price of $120.76. The firm has a market capitalization of $78.02 billion, a PE ratio of 16.79, a price-to-earnings-growth 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.
Shares of NYSE:DLB traded down $1.31 during midday trading on Friday, hitting $63.28. The company had a trading volume of 653,994 shares, compared to its average volume of 818,431. Dolby Laboratories has a 12-month low of $48.26 and a 12-month high of $69.95. The company has a fifty day moving average of $60.95 and a two-hundred day moving average of $59.42. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 26.93 and a beta of 0.79.
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.
NYSE:TME traded down $0.01 during mid-day trading on Friday, hitting $9.02. 3,410,885 shares of the company traded hands, compared to its average volume of 8,740,153. The stock's fifty day moving average price is $8.39 and its 200-day moving average price is $10.00. Tencent Music Entertainment Group has a one year low of $7.66 and a one year high of $19.45. 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 firm has a market cap of $14.19 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.76.
Read Our Latest Research Report on TME
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 $0.71 during trading on Friday, hitting $32.38. The company had a trading volume of 780,139 shares, compared to its average volume of 2,268,524. 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. The firm has a market capitalization of $16.94 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 0.45 and a beta of 1.34. The stock has a 50 day simple moving average of $29.37 and a 200 day simple moving average of $28.65.
Read Our Latest Research Report on WMG
Madison Square Garden Entertainment (MSGE)
Madison Square Garden Entertainment stock traded up $0.35 during midday trading on Friday, hitting $79.15. The stock had a trading volume of 131,153 shares, compared to its average volume of 412,692. The firm's fifty day moving average is $79.25 and its two-hundred day moving average is $71.28. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 44.74. The company has a market capitalization of $3.21 billion, a PE ratio of 38.99 and a beta of 0.56. Madison Square Garden Entertainment has a 52-week low of $44.29 and a 52-week high of $90.41.
Read Our Latest Research Report on MSGE
Algorhythm (RIME)
Algorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.
Shares of Algorhythm stock traded down $0.04 during trading hours on Friday, hitting $0.10. The company's stock had a trading volume of 8,918,169 shares, compared to its average volume of 3,995,627. Algorhythm has a 12-month low of $0.08 and a 12-month high of $4.58. The company has a market cap of $1.70 million, a PE ratio of -0.07 and a beta of -0.04. The business has a 50 day moving average price of $0.15 and a two-hundred day moving average price of $0.71.
Read Our Latest Research Report on RIME
Reservoir Media (RSVR)
Reservoir Media, Inc. operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
Shares of RSVR stock traded down $0.05 during trading hours on Friday, hitting $10.17. The stock had a trading volume of 17,798 shares, compared to its average volume of 73,867. The stock has a market capitalization of $671.32 million, a price-to-earnings ratio of 59.82 and a beta of 0.82. Reservoir Media has a one year low of $7.07 and a one year high of $13.39. The stock's 50-day moving average price is $9.62 and its two-hundred day moving average price is $9.65. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.
Read Our Latest Research Report on RSVR
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