Promising Music Stocks To Consider - April 30th

Amazon.com, Apple, Spotify Technology, Alibaba Group, Western Digital, Walt Disney, and Etsy are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. Error: Response status code does not indicate success: 429 (Too Many Requests). These companies had the highest dollar trading volume of any Music stocks within the last several days.

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.

Shares of AMZN stock traded down $5.21 on Wednesday, hitting $182.18. 25,117,110 shares of the stock traded hands, compared to its average volume of 41,770,073. The stock has a market capitalization of $1.93 trillion, a PE ratio of 32.94, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm's 50-day moving average price is $192.03 and its two-hundred day moving average price is $207.90. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.

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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.

NASDAQ AAPL traded up $0.15 during trading hours on Wednesday, reaching $211.36. The company had a trading volume of 17,767,439 shares, compared to its average volume of 56,470,007. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.18 trillion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The stock has a 50-day moving average of $214.32 and a 200 day moving average of $229.06. Apple has a 1-year low of $169.11 and a 1-year high of $260.10.

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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.

Spotify Technology stock traded up $24.90 during trading on Wednesday, hitting $601.84. The company had a trading volume of 2,789,033 shares, compared to its average volume of 2,137,552. The company's 50 day simple moving average is $569.14 and its 200-day simple moving average is $510.43. Spotify Technology has a 1-year low of $280.37 and a 1-year high of $652.63. The stock has a market cap of $123.20 billion, a price-to-earnings ratio of 101.15 and a beta of 1.75.

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Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Shares of Alibaba Group stock traded down $0.17 during trading hours on Wednesday, reaching $118.71. 6,508,822 shares of the company were exchanged, compared to its average volume of 28,513,219. The stock's fifty day moving average is $125.98 and its 200 day moving average is $104.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $283.69 billion, a PE ratio of 17.15, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group has a 1 year low of $71.80 and a 1 year high of $148.43.

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Western Digital (WDC)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

Shares of NASDAQ:WDC traded up $2.88 during trading hours on Wednesday, reaching $43.50. The stock had a trading volume of 10,010,331 shares, compared to its average volume of 6,304,388. Western Digital has a 1 year low of $28.83 and a 1 year high of $81.55. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 10.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The firm's 50 day moving average is $41.14 and its 200-day moving average is $57.53.

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Walt Disney (DIS)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Shares of NYSE:DIS traded down $1.20 on Wednesday, reaching $89.97. The company's stock had a trading volume of 3,764,883 shares, compared to its average volume of 9,823,245. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock's 50-day moving average is $96.20 and its two-hundred day moving average is $104.20. Walt Disney has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market capitalization of $162.65 billion, a P/E ratio of 29.31, a PEG ratio of 1.80 and a beta of 1.44.

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Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

ETSY traded down $4.16 during midday trading on Wednesday, reaching $41.97. 7,291,036 shares of the company's stock were exchanged, compared to its average volume of 3,890,593. Etsy has a 1-year low of $40.05 and a 1-year high of $71.72. The stock has a market capitalization of $4.42 billion, a PE ratio of 17.71, a P/E/G ratio of 2.57 and a beta of 2.15. The business's 50-day moving average price is $46.43 and its 200 day moving average price is $51.26.

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