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Top Entertainment Stocks To Add to Your Watchlist - November 8th

Roku logo with Communication Services background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat’s screener identified Roku, FOX, DraftKings, Spotify, and Verizon as entertainment stocks with the highest dollar trading volume in recent days. The companies span streaming, media, sports betting, audio, and communications.
  • Friday trading was mixed: Roku edged up to $160.52, while FOX fell to $66.64, DraftKings dropped to $18.51, Spotify declined to $602.71, and Verizon slipped to $45.78.
  • DraftKings had the steepest reported decline, losing $5.01 amid unusually high volume of nearly 69.9 million shares; its $18.51 price was near its 52-week low of $16.55.
  • Interested in Roku? Here are five stocks we like better.

Roku, FOX, DraftKings, Spotify Technology, and Verizon Communications are the five Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies that create, distribute, or provide entertainment, such as film and television studios, streaming services, video-game publishers, music companies, and live-event businesses. For investors, their performance can depend on hit content, audience demand, subscriptions and advertising, and competition. These companies had the highest dollar trading volume of any Entertainment 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 up $0.15 on Friday, reaching $160.52. 11,519,211 shares of the company traded hands, compared to its average volume of 2,800,236. The company has a 50 day moving average of $155.33 and a 200 day moving average of $128.92. Roku has a 52 week low of $78.53 and a 52 week high of $163.57. The firm has a market capitalization of $23.82 billion, a PE ratio of 47.49 and a beta of 2.12.

Read Our Latest Research Report on ROKU

FOX (FOXA)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.

NASDAQ:FOXA traded down $1.03 on Friday, reaching $66.64. 19,576,650 shares of the company's stock were exchanged, compared to its average volume of 5,657,412. FOX has a 52 week low of $48.34 and a 52 week high of $76.39. The stock has a fifty day simple moving average of $64.86 and a 200-day simple moving average of $62.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.79 and a quick ratio of 2.99. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.10 and a beta of 0.63.

Read Our Latest Research Report on FOXA

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

DKNG stock traded down $5.01 during midday trading on Friday, reaching $18.51. The company had a trading volume of 69,879,748 shares, compared to its average volume of 12,319,586. DraftKings has a 1 year low of $16.55 and a 1 year high of $36.98. The firm has a 50-day moving average price of $21.51 and a 200-day moving average price of $24.06. The company has a market capitalization of $9.19 billion, a P/E ratio of -23.14, a P/E/G ratio of 2.43 and a beta of 1.65. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.02 and a quick ratio of 1.02.

Read Our Latest Research Report on DKNG

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 NYSE SPOT traded down $11.70 during trading hours on Friday, reaching $602.71. 1,842,409 shares of the stock traded hands, compared to its average volume of 1,922,500. The company has a market capitalization of $124.09 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $668.49. The company's 50-day simple moving average is $537.42 and its two-hundred day simple moving average is $500.48.

Read Our Latest Research Report on SPOT

Verizon Communications (VZ)

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

NYSE VZ traded down $0.34 during trading on Friday, hitting $45.78. 24,150,900 shares of the company's stock traded hands, compared to its average volume of 31,793,324. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.63 and a quick ratio of 0.58. Verizon Communications has a 12-month low of $38.68 and a 12-month high of $51.68. The stock has a fifty day moving average of $46.62 and a two-hundred day moving average of $46.90. The firm has a market cap of $189.74 billion, a P/E ratio of 11.68, a PEG ratio of 1.85 and a beta of 0.28.

Read Our Latest Research Report on VZ

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