Streaming Stocks To Consider - July 2nd

NVIDIA, Spotify Technology, and AppLovin are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies that provide upfront financing to resource producers—typically miners—in exchange for the right to purchase a fixed percentage of future output at pre-agreed prices. By avoiding direct exploration and operating risks, these “streamers” offer investors commodity exposure (often in gold, silver or other metals) with more predictable costs and cash flows than traditional mining equities. 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.

Shares of NASDAQ NVDA traded up $3.37 during trading on Wednesday, reaching $156.67. 127,660,266 shares of the company traded hands, compared to its average volume of 263,027,813. NVIDIA has a 52-week low of $86.62 and a 52-week high of $158.71. The stock has a market capitalization of $3.82 trillion, a PE ratio of 50.55, a P/E/G ratio of 1.40 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $133.27 and a 200-day simple moving average of $127.24.

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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.

Shares of NYSE:SPOT traded down $4.84 during midday trading on Wednesday, hitting $717.51. The company had a trading volume of 1,477,487 shares, compared to its average volume of 2,211,744. Spotify Technology has a 12-month low of $288.07 and a 12-month high of $785.00. The company has a fifty day moving average of $671.78 and a two-hundred day moving average of $587.67. The company has a market cap of $146.88 billion, a price-to-earnings ratio of 118.93, a PEG ratio of 2.02 and a beta of 1.68.

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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.

NASDAQ:APP traded down $2.98 during mid-day trading on Wednesday, hitting $333.71. 2,965,810 shares of the company traded hands, compared to its average volume of 7,595,582. The stock's fifty day moving average price is $347.96 and its 200-day moving average price is $333.88. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 6.10. AppLovin has a one year low of $60.67 and a one year high of $525.15. The firm has a market cap of $112.93 billion, a price-to-earnings ratio of 60.23, a price-to-earnings-growth ratio of 2.09 and a beta of 2.43.

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