Apple, Amazon.com, and Spotify Technology are the three Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are libraries of pre-recorded musical tracks and sound effects that creators can license for use in videos, podcasts, advertisements and other media projects. Offered on a royalty-free or rights-managed basis, they let users pay a one-time or tiered fee to legally incorporate professional music without commissioning original compositions. These companies had the highest dollar trading volume of any Music stocks within the last several days.
Apple (AAPL)
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Shares of NASDAQ:AAPL traded down $0.65 during midday trading on Monday, reaching $213.23. 22,340,028 shares of the company were exchanged, compared to its average volume of 56,504,238. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The business's fifty day moving average is $204.77 and its two-hundred day moving average is $214.38. Apple has a one year low of $169.21 and a one year high of $260.10. The stock has a market cap of $3.18 trillion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.
Read Our Latest Research Report on AAPL
Amazon.com (AMZN)
Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
AMZN stock traded up $1.38 during trading on Monday, hitting $232.82. 17,714,082 shares of the company's stock traded hands, compared to its average volume of 43,972,902. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The business has a fifty day simple moving average of $215.66 and a 200 day simple moving average of $208.72. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 1.72 and a beta of 1.33.
Read Our Latest Research Report on AMZN
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 stock traded up $6.76 during trading on Monday, hitting $699.86. 1,498,164 shares of the company's stock traded hands, compared to its average volume of 2,238,156. Spotify Technology has a 52 week low of $300.57 and a 52 week high of $785.00. The stock has a market capitalization of $143.27 billion, a price-to-earnings ratio of 115.91, a P/E/G ratio of 1.87 and a beta of 1.68. The business has a fifty day simple moving average of $701.36 and a 200 day simple moving average of $619.39.
Read Our Latest Research Report on SPOT
Further Reading
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