Streaming Stocks To Consider - November 12th

Key Points

• Seven stocks were flagged by MarketBeat’s screen for high recent dollar trading volume: Roku, Spotify, NetEase, Franco-Nevada, Logitech, Tencent Music Entertainment, and Rumble.
• Thursday trading was mixed: NetEase and Logitech rose, while the other five declined. Roku traded at $159.65, near its 52-week high of $163.57; Spotify was at $603.40.
• The list spans different business models—not just video and music platforms, but also streaming-related hardware maker Logitech and royalty-and-streaming company Franco-Nevada.

Roku, Spotify Technology, NetEase, Franco-Nevada, Logitech International, Tencent Music Entertainment Group, and Rumble are the seven Streaming stocks to watch today, according to MarketBeat's stock screener tool. “Streaming stocks” are shares of companies that deliver video, music, or other content over the internet, such as Netflix or Spotify. Investors may assess these companies based on subscriber growth, revenue, content costs, and competition. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

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.

ROKU stock traded down $0.87 during midday trading on Thursday, hitting $159.65. The company had a trading volume of 11,519,211 shares, compared to its average volume of 2,596,181. The stock's 50 day moving average price is $155.51 and its 200 day moving average price is $129.72. Roku has a 52 week low of $78.53 and a 52 week high of $163.57. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 47.23 and a beta of 2.12.

Read Our Latest Research Report on ROKU

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.

Shares of Spotify Technology stock traded down $5.72 during trading on Thursday, reaching $603.40. 575,040 shares of the stock were exchanged, compared to its average volume of 2,172,742. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $668.49. The stock's fifty day moving average is $541.13 and its 200 day moving average is $502.02. The firm has a market cap of $124.23 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.49.

Read Our Latest Research Report on SPOT

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 up $0.94 during trading hours on Thursday, hitting $123.07. The company had a trading volume of 1,307,187 shares, compared to its average volume of 846,274. The stock has a 50-day moving average price of $119.97 and a 200 day moving average price of $120.81. The company has a market capitalization of $78.79 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. NetEase has a 52 week low of $106.06 and a 52 week high of $149.11.

Read Our Latest Research Report on NTES

Franco-Nevada (FNV)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.

FNV stock traded down $0.08 during trading on Thursday, reaching $248.68. The company had a trading volume of 513,132 shares, compared to its average volume of 816,962. Franco-Nevada has a 52 week low of $188.47 and a 52 week high of $285.67. The company has a market cap of $47.97 billion, a P/E ratio of 32.49, a PEG ratio of 2.97 and a beta of 0.34. The business has a 50 day moving average of $248.48 and a 200 day moving average of $240.07.

Read Our Latest Research Report on FNV

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 $0.29 on Thursday, hitting $100.50. The company had a trading volume of 329,816 shares, compared to its average volume of 1,089,814. The stock has a fifty day simple moving average of $101.84 and a 200-day simple moving average of $99.84. The firm has a market capitalization of $14.73 billion, a P/E ratio of 18.11, a P/E/G ratio of 5.18 and a beta of 1.21. Logitech International has a 52-week low of $83.32 and a 52-week high of $129.66.

Read Our Latest Research Report on LOGI

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.

Shares of TME stock traded down $0.18 during midday trading on Thursday, reaching $9.04. 3,415,977 shares of the stock were exchanged, compared to its average volume of 8,751,756. Tencent Music Entertainment Group has a 1 year low of $7.66 and a 1 year high of $19.45. The company's 50 day moving average is $8.38 and its two-hundred day moving average is $10.04. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The firm has a market cap of $14.22 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.76.

Read Our Latest Research Report on TME

Rumble (RUM)

Rumble Inc. operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.

Shares of RUM traded down $0.23 on Thursday, reaching $5.74. The stock had a trading volume of 3,125,218 shares, compared to its average volume of 3,332,127. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of -9.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.12 and a current ratio of 2.12. The company has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $6.67. Rumble has a 12-month low of $4.49 and a 12-month high of $10.60.

Read Our Latest Research Report on RUM

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