Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Tencent Music Entertainment Group, and Western Digital are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are the equity shares of publicly traded companies whose core business involves producing, distributing or monetizing music—from record labels and streaming services to equipment makers and concert promoters. By buying these stocks, investors gain exposure to the music industry’s revenue streams (streaming royalties, licensing fees, ticket sales, merchandise, etc.) and share in the companies’ potential upside and risks. 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.
Apple stock traded down $1.26 during mid-day trading on Wednesday, hitting $211.67. 25,968,884 shares of the company's stock were exchanged, compared to its average volume of 55,927,942. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.16 trillion, a P/E ratio of 33.60, a PEG ratio of 2.44 and a beta of 1.27. The company's 50 day simple moving average is $207.14 and its 200-day simple moving average is $227.09.
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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 Amazon.com stock traded down $1.30 during trading on Wednesday, hitting $210.07. 21,973,301 shares of the stock were exchanged, compared to its average volume of 41,905,030. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a fifty day moving average price of $188.72 and a 200-day moving average price of $208.27. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
Read Our Latest Research Report on AMZN
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 BABA traded up $1.59 during mid-day trading on Wednesday, reaching $133.24. The company's stock had a trading volume of 12,038,113 shares, compared to its average volume of 20,541,646. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $318.16 billion, a P/E ratio of 19.25, 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. The business has a 50-day simple moving average of $124.03 and a two-hundred day simple moving average of $106.70.
Read Our Latest Research Report on BABA
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 $12.60 during trading hours on Wednesday, hitting $632.67. The company had a trading volume of 1,255,502 shares, compared to its average volume of 2,181,379. Spotify Technology has a one year low of $286.21 and a one year high of $663.55. The firm has a 50-day moving average of $577.70 and a 200 day moving average of $528.25. The firm has a market cap of $129.51 billion, a PE ratio of 106.33 and a beta of 1.72.
Read Our Latest Research Report on SPOT
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.
NYSE DIS traded up $0.07 on Wednesday, reaching $111.45. The stock had a trading volume of 6,222,476 shares, compared to its average volume of 10,042,480. Walt Disney has a 1-year low of $80.10 and a 1-year high of $118.63. 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 company has a market cap of $200.36 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The firm has a fifty day moving average of $94.01 and a two-hundred day moving average of $104.44.
Read Our Latest Research Report on DIS
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.
NYSE:TME traded up $2.10 during trading hours on Wednesday, reaching $16.79. 16,025,655 shares of the company were exchanged, compared to its average volume of 8,225,586. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34. Tencent Music Entertainment Group has a 1-year low of $9.41 and a 1-year high of $16.86. The company has a market capitalization of $28.81 billion, a P/E ratio of 31.09, a P/E/G ratio of 0.77 and a beta of 0.46. The business has a 50 day moving average of $13.42 and a 200 day moving average of $12.37.
Read Our Latest Research Report on TME
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 Western Digital stock traded up $0.71 on Wednesday, reaching $49.72. 4,523,394 shares of the stock were exchanged, compared to its average volume of 6,376,000. 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 has a market cap of $17.35 billion, a PE ratio of 11.84 and a beta of 1.42. The firm's 50 day moving average is $40.32 and its 200-day moving average is $55.98. Western Digital has a one year low of $28.83 and a one year high of $81.55.
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