NetEase, Tencent Music Entertainment Group, Dolby Laboratories, Warner Music Group, Madison Square Garden Entertainment, LiveOne, 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 music-related business, though their performance depends on factors such as consumer demand, subscription growth, and touring revenue. 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.
NetEase stock traded up $1.18 during trading hours on Thursday, hitting $123.31. The company had a trading volume of 1,238,020 shares, compared to its average volume of 845,990. NetEase has a one year low of $106.06 and a one year high of $149.11. The firm has a 50-day moving average of $119.97 and a 200 day moving average of $120.81. The firm has a market cap of $78.95 billion, a PE ratio of 16.98, a PEG ratio of 1.52 and a beta of 0.64.
Read Our Latest Research Report on NTES
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 Tencent Music Entertainment Group stock traded down $0.14 on Thursday, reaching $9.09. 3,052,712 shares of the stock were exchanged, compared to its average volume of 8,749,942. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $14.30 billion, a PE ratio of 11.20, a P/E/G ratio of 1.64 and a beta of 0.76. Tencent Music Entertainment Group has a one year low of $7.66 and a one year high of $19.45. The firm's 50 day moving average is $8.38 and its 200-day moving average is $10.04.
Read Our Latest Research Report on TME
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.
DLB stock traded down $0.15 during midday trading on Thursday, reaching $64.51. 146,312 shares of the stock were exchanged, compared to its average volume of 817,736. The stock has a market capitalization of $6.04 billion, a PE ratio of 27.46 and a beta of 0.79. Dolby Laboratories has a 52 week low of $48.26 and a 52 week high of $69.95. The company has a fifty day moving average price of $60.90 and a 200 day moving average price of $59.40.
Read Our Latest Research Report on DLB
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 WMG traded down $0.11 during mid-day trading on Thursday, reaching $31.74. 292,549 shares of the company were exchanged, compared to its average volume of 2,271,738. The business has a 50 day simple moving average of $29.30 and a two-hundred day simple moving average of $28.65. 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 stock has a market capitalization of $16.60 billion, a PE ratio of 25.22, a PEG ratio of 0.44 and a beta of 1.34. Warner Music Group has a 52 week low of $23.34 and a 52 week high of $35.42.
Read Our Latest Research Report on WMG
Madison Square Garden Entertainment (MSGE)
Shares of MSGE stock traded down $0.35 during mid-day trading on Thursday, hitting $79.44. The company's stock had a trading volume of 75,185 shares, compared to its average volume of 412,085. The company has a market cap of $3.22 billion, a PE ratio of 39.16 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. The company has a debt-to-equity ratio of 44.74, a quick ratio of 0.62 and a current ratio of 0.62. The company's fifty day simple moving average is $79.23 and its 200-day simple moving average is $71.18.
Read Our Latest Research Report on MSGE
LiveOne (LVO)
LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.
NASDAQ LVO traded up $0.19 on Thursday, hitting $2.97. 50,734 shares of the company were exchanged, compared to its average volume of 75,694. The company has a market cap of $40.72 million, a PE ratio of -1.69 and a beta of 1.81. The stock has a fifty day moving average of $2.85 and a 200-day moving average of $4.57. LiveOne has a 12 month low of $2.08 and a 12 month high of $7.19.
Read Our Latest Research Report on LVO
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.
RSVR traded down $0.16 during midday trading on Thursday, hitting $10.25. The company had a trading volume of 13,450 shares, compared to its average volume of 74,053. The stock's 50 day moving average price is $9.61 and its 200 day moving average price is $9.64. Reservoir Media has a 52 week low of $7.07 and a 52 week high of $13.39. The company has a market capitalization of $676.35 million, a price-to-earnings ratio of 60.42 and a beta of 0.82. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.
Read Our Latest Research Report on RSVR
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