Streaming Stocks Worth Watching - July 30th

Key Points

• NVIDIA, Spotify, Comcast, Western Digital, AppLovin, Warner Bros. Discovery, and Coupang are the seven streaming stocks highlighted for their high trading volumes recently, reflecting strong investor interest in on-demand media consumption.
• NVIDIA stocks are currently trading at $179.05 with a market capitalization of $4.37 trillion and a price-to-earnings ratio of 57.79, indicating substantial growth potential despite market fluctuations.
• Spotify shares have increased to $651.77, with a market cap of $133.42 billion, showcasing the brand's strong foothold in the audio streaming market.

NVIDIA, Spotify Technology, Comcast, Western Digital, AppLovin, Warner Bros. Discovery, and Coupang are the seven Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies whose primary business is delivering digital content—such as video, music or games—over the internet on a subscription, ad-supported or transactional basis. Investors buy these equities to gain exposure to the growth of on-demand media consumption, betting that subscriber and advertising revenues will continue to rise. Performance of streaming stocks often hinges on factors like content costs, subscriber retention and competition from rival platforms. 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 $3.54 during midday trading on Wednesday, reaching $179.05. The company's stock had a trading volume of 128,833,191 shares, compared to its average volume of 248,951,750. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $179.89. The stock has a market capitalization of $4.37 trillion, a price-to-earnings ratio of 57.79, a PEG ratio of 1.56 and a beta of 2.13. The stock has a 50 day simple moving average of $152.60 and a 200-day simple moving average of $131.39.

Read Our Latest Research Report on NVDA

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 up $31.76 during midday trading on Wednesday, reaching $651.77. The company's stock had a trading volume of 4,951,923 shares, compared to its average volume of 2,322,780. The stock has a market capitalization of $133.42 billion, a price-to-earnings ratio of 108.13, a PEG ratio of 1.89 and a beta of 1.68. Spotify Technology has a fifty-two week low of $300.57 and a fifty-two week high of $785.00. The stock has a 50 day simple moving average of $701.34 and a 200-day simple moving average of $621.08.

Read Our Latest Research Report on SPOT

Comcast (CMCSA)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

CMCSA stock traded down $0.35 during midday trading on Wednesday, reaching $32.48. 25,776,990 shares of the company were exchanged, compared to its average volume of 24,348,127. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average price of $34.91 and a two-hundred day moving average price of $35.18. Comcast has a one year low of $31.44 and a one year high of $45.31. The firm has a market capitalization of $121.28 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95.

Read Our Latest Research Report on CMCSA

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.

WDC stock traded up $0.92 during midday trading on Wednesday, reaching $71.53. 10,877,370 shares of the company were exchanged, compared to its average volume of 7,942,090. The business has a 50-day moving average price of $60.67 and a two-hundred day moving average price of $53.57. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 13.43 and a beta of 1.54. Western Digital has a one year low of $28.83 and a one year high of $71.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.56 and a quick ratio of 1.31.

Read Our Latest Research Report on WDC

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 AppLovin stock traded up $1.71 during trading on Wednesday, reaching $363.34. The company's stock had a trading volume of 1,642,438 shares, compared to its average volume of 7,099,995. The business's 50-day moving average price is $362.07 and its 200-day moving average price is $336.42. The firm has a market cap of $122.95 billion, a PE ratio of 65.50, a P/E/G ratio of 2.21 and a beta of 2.42. AppLovin has a 52 week low of $60.67 and a 52 week high of $525.15. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 6.10.

Read Our Latest Research Report on APP

Warner Bros. Discovery (WBD)

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.

Shares of Warner Bros. Discovery stock traded up $0.15 during trading on Wednesday, reaching $13.27. The company's stock had a trading volume of 43,388,198 shares, compared to its average volume of 46,506,320. The firm has a market cap of $32.56 billion, a PE ratio of -3.02 and a beta of 1.54. The business's 50-day moving average price is $11.02 and its 200-day moving average price is $10.17. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $13.86. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.99.

Read Our Latest Research Report on WBD

Coupang (CPNG)

Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.

CPNG stock traded down $0.51 during midday trading on Wednesday, reaching $29.32. The company had a trading volume of 13,749,866 shares, compared to its average volume of 9,228,256. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 0.90. The company has a market capitalization of $53.24 billion, a price-to-earnings ratio of 209.54 and a beta of 1.16. Coupang has a 1-year low of $18.16 and a 1-year high of $31.65. The stock has a 50 day moving average price of $29.28 and a 200-day moving average price of $25.38.

Read Our Latest Research Report on CPNG

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