Promising Streaming Stocks To Follow Today - November 4th

Key Points

• Spotify, Roku, and Logitech were identified as streaming-related stocks to watch based on their recent dollar trading volume; the category spans content platforms as well as streaming hardware and services.
• All three shares rose in Wednesday trading: Spotify gained $31.53 to $631.62, Roku rose $2.23 to $162.59, and Logitech climbed $7.59 to $100.44.
• Spotify provides audio subscriptions and ad-supported streaming, Roku operates a TV streaming and advertising platform, while Logitech sells hardware used by streamers and content creators.

Spotify Technology, Roku, and Logitech International are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. **Streaming stocks** are shares of companies that provide digital streaming services, such as video, music, live sports, or other online content. Investors typically evaluate these stocks based on subscriber growth, engagement, advertising or subscription revenue, profitability, and competition within the streaming market. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

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 traded up $31.53 during trading on Wednesday, reaching $631.62. 1,609,959 shares of the company were exchanged, compared to its average volume of 2,189,629. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $668.49. The company's 50-day moving average is $533.12 and its two-hundred day moving average is $498.87. The company has a market cap of $130.04 billion, a price-to-earnings ratio of 41.84, a P/E/G ratio of 1.84 and a beta of 1.49.

Read Our Latest Research Report on SPOT

Roku (ROKU)

Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

Shares of ROKU traded up $2.23 during trading hours on Wednesday, reaching $162.59. 1,806,547 shares of the company's stock traded hands, compared to its average volume of 3,270,675. Roku has a 12 month low of $78.53 and a 12 month high of $163.03. The stock has a market cap of $24.13 billion, a PE ratio of 48.15 and a beta of 2.12. The firm's 50 day simple moving average is $155.15 and its 200-day simple moving average is $128.06.

Read Our Latest Research Report on ROKU

Logitech International (LOGI)

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.

LOGI traded up $7.59 during trading on Wednesday, reaching $100.44. The stock had a trading volume of 1,446,412 shares, compared to its average volume of 1,095,020. The business has a 50-day moving average of $101.87 and a 200-day moving average of $99.69. Logitech International has a one year low of $83.32 and a one year high of $129.66. The stock has a market cap of $14.72 billion, a PE ratio of 18.06, a PEG ratio of 5.00 and a beta of 1.21.

Read Our Latest Research Report on LOGI

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