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Streaming Stocks To Keep An Eye On - November 11th

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Key Points

  • Five high-trading-volume stocks to watch are Roku, Spotify Technology, NetEase, Franco-Nevada, and Rumble. The article uses “streaming” broadly, covering digital video and audio businesses as well as precious-metals streaming companies.
  • On Wednesday, Roku, Spotify, NetEase, and Franco-Nevada shares fell, while Rumble rose $0.82 to $5.93.
  • The companies span several business models: Roku and Rumble offer video platforms, Spotify provides audio streaming, NetEase operates games and music services, and Franco-Nevada focuses on precious-metals royalties and streaming.
  • Five stocks we like better than Roku.

Roku, Spotify Technology, NetEase, Franco-Nevada, and Rumble are the five Streaming stocks to watch today, according to MarketBeat's stock screener tool. “Streaming stocks” is an informal term for shares of companies whose businesses involve streaming digital video or audio; it is not a formal category of stock. In mining, the term can also refer to publicly traded precious-metals streaming companies, which provide miners with upfront financing in exchange for the right to buy some future production at agreed prices. 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.

Shares of Roku stock traded down $0.87 on Wednesday, reaching $159.65. The stock had a trading volume of 11,519,211 shares, compared to its average volume of 2,596,181. The stock has a market capitalization of $23.69 billion, a P/E ratio of 47.23 and a beta of 2.12. The company has a 50 day moving average price of $155.43 and a 200 day moving average price of $129.46. Roku has a 1 year low of $78.53 and a 1 year high of $163.57.

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.

SPOT traded down $6.66 during trading on Wednesday, hitting $599.56. The stock had a trading volume of 658,425 shares, compared to its average volume of 2,178,358. The company has a market capitalization of $123.44 billion, a PE ratio of 39.85, a PEG ratio of 1.89 and a beta of 1.49. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $668.49. The stock has a 50 day simple moving average of $539.84 and a two-hundred day simple moving average of $501.54.

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 down $5.99 on Wednesday, hitting $122.04. The stock had a trading volume of 1,094,983 shares, compared to its average volume of 842,127. The business's fifty day moving average price is $119.93 and its 200 day moving average price is $120.86. The stock has a market cap of $78.14 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.54 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.

Shares of Franco-Nevada stock traded down $3.58 during trading on Wednesday, reaching $252.21. The company's stock had a trading volume of 301,755 shares, compared to its average volume of 816,308. The company has a market cap of $48.65 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 3.06 and a beta of 0.34. Franco-Nevada has a 1-year low of $188.47 and a 1-year high of $285.67. The company has a 50-day simple moving average of $248.62 and a two-hundred day simple moving average of $240.11.

Read Our Latest Research Report on FNV

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.

NASDAQ:RUM traded up $0.82 during mid-day trading on Wednesday, hitting $5.93. 7,182,560 shares of the company's stock traded hands, compared to its average volume of 3,321,141. The company has a fifty day moving average of $6.98 and a 200 day moving average of $6.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.12 and a current ratio of 2.12. Rumble has a twelve month low of $4.49 and a twelve month high of $10.60. The company has a market capitalization of $2.94 billion, a P/E ratio of -9.99 and a beta of 1.35.

Read Our Latest Research Report on RUM

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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