Streaming Stocks To Add to Your Watchlist - May 16th

NVIDIA, AppLovin, and Spotify Technology are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of publicly traded companies that deliver digital audio or video content—such as music, movies, TV series, or live events—over the internet via subscription, advertising, or hybrid models. Investors buy these equities to gain exposure to the fast-growing streaming media sector, which competes on content libraries, technological infrastructure, and user engagement. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NASDAQ:NVDA traded up $0.39 during trading hours on Friday, reaching $135.22. 159,702,866 shares of the company were exchanged, compared to its average volume of 294,865,385. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.27, a PEG ratio of 1.76 and a beta of 2.11. The stock has a 50 day simple moving average of $111.80 and a 200 day simple moving average of $127.10. NVIDIA has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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AppLovin (APP)

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.

Shares of NASDAQ APP traded down $4.67 during trading on Friday, hitting $361.94. 3,141,339 shares of the company traded hands, compared to its average volume of 6,010,684. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $123.04 billion, a P/E ratio of 79.87, a P/E/G ratio of 3.02 and a beta of 2.39. The company has a 50-day moving average price of $283.05 and a 200-day moving average price of $316.16. AppLovin has a 1 year low of $60.67 and a 1 year high of $525.15.

Read Our Latest Research Report on APP

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 $13.35 during midday trading on Friday, reaching $653.53. The stock had a trading volume of 1,408,702 shares, compared to its average volume of 2,185,318. The stock's 50-day simple moving average is $582.66 and its 200 day simple moving average is $530.69. Spotify Technology has a twelve month low of $288.07 and a twelve month high of $663.55. The stock has a market capitalization of $133.78 billion, a PE ratio of 109.82 and a beta of 1.72.

Read Our Latest Research Report on SPOT