Top Entertainment Stocks To Follow Now - August 3rd

Key Points

• The article highlights five key entertainment stocks to monitor, including Roblox, Alibaba Group, Arista Networks, Roku, and Walt Disney, based on their recent trading volume and industry growth potential.
• Roblox's stock saw a mid-day trading drop to $125.16, with a notable market capitalization of $84.89 billion and a P/E ratio of -87.52.
• Walt Disney has a current stock price of $116.57, reflecting a market capitalization of $209.56 billion, and operates across multiple segments including films, television, and streaming content.

Roblox, Alibaba Group, Arista Networks, Roku, and Walt Disney are the five Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies that create, produce, or distribute content and experiences for consumer enjoyment, such as film studios, television networks, music labels, streaming platforms, video game developers, and theme parks. Investors in these stocks aim to benefit from the industry’s growth driven by consumer demand for movies, music, gaming, live events, and digital streaming services. These companies had the highest dollar trading volume of any Entertainment stocks within the last several days.

Roblox (RBLX)

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

NYSE:RBLX traded down $12.63 during mid-day trading on Friday, hitting $125.16. 14,997,187 shares of the company's stock were exchanged, compared to its average volume of 8,640,285. The company has a 50 day simple moving average of $105.05 and a 200-day simple moving average of $78.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox has a fifty-two week low of $35.30 and a fifty-two week high of $150.59. The firm has a market capitalization of $84.89 billion, a P/E ratio of -87.52 and a beta of 1.63.

Read Our Latest Research Report on RBLX

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.

NYSE:BABA traded down $3.57 during mid-day trading on Friday, hitting $117.06. 12,191,248 shares of the company's stock were exchanged, compared to its average volume of 14,678,762. The company has a 50 day simple moving average of $115.61 and a 200-day simple moving average of $118.20. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a fifty-two week low of $73.87 and a fifty-two week high of $148.43. The firm has a market capitalization of $279.23 billion, a P/E ratio of 15.71, a PEG ratio of 1.72 and a beta of 0.17.

Read Our Latest Research Report on BABA

Arista Networks (ANET)

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

NYSE:ANET traded down $5.66 during mid-day trading on Friday, hitting $117.56. 11,553,581 shares of the company's stock were exchanged, compared to its average volume of 8,253,870. Arista Networks has a fifty-two week low of $59.43 and a fifty-two week high of $133.57. The company has a 50 day simple moving average of $101.48 and a 200-day simple moving average of $94.98. The firm has a market capitalization of $147.65 billion, a P/E ratio of 49.76, a PEG ratio of 3.42 and a beta of 1.37.

Read Our Latest Research Report on ANET

Roku (ROKU)

Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

Roku stock traded down $14.18 during mid-day trading on Friday, hitting $79.98. 15,358,882 shares of the stock were exchanged, compared to its average volume of 2,951,984. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The firm's fifty day simple moving average is $83.77 and its two-hundred day simple moving average is $76.97. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of -190.43 and a beta of 2.05.

Read Our Latest Research Report on ROKU

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.

Walt Disney stock traded down $2.54 during mid-day trading on Friday, hitting $116.57. 8,509,376 shares of the stock were exchanged, compared to its average volume of 6,590,457. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. Walt Disney has a 12 month low of $80.10 and a 12 month high of $124.69. The firm's fifty day simple moving average is $118.76 and its two-hundred day simple moving average is $107.72. The stock has a market capitalization of $209.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.71 and a beta of 1.56.

Read Our Latest Research Report on DIS

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