Amazon.com, Apple, Alibaba Group, Spotify Technology, and Walt Disney are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly-traded companies whose primary business involves creating, distributing, or monetizing music—such as record labels, streaming platforms, concert promoters, music-publishing firms, and instrument or audio-equipment manufacturers. Buying these equities gives investors indirect exposure to music-related revenue streams (streaming subscriptions, licensing fees, ticket sales, merchandising, etc.) and subjects them to the broader market’s valuation of the industry’s growth prospects. These companies had the highest dollar trading volume of any Music stocks within the last several days.
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.
Amazon.com stock traded up $4.87 during midday trading on Thursday, hitting $185.47. The stock had a trading volume of 23,301,983 shares, compared to its average volume of 41,863,483. The company has a market capitalization of $1.97 trillion, a PE ratio of 33.55, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average is $195.11 and its two-hundred day moving average is $207.66. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52.
Read Our Latest Research Report on AMZN
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.
AAPL traded up $2.95 during trading on Thursday, reaching $207.55. 20,571,290 shares of the company traded hands, compared to its average volume of 56,677,842. Apple has a 12-month low of $166.21 and a 12-month high of $260.10. The firm has a fifty day simple moving average of $217.14 and a 200 day simple moving average of $229.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $3.12 trillion, a P/E ratio of 32.93, a PEG ratio of 2.44 and a beta of 1.26.
Read Our Latest Research Report on AAPL
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.
BABA stock traded down $0.14 during mid-day trading on Thursday, hitting $118.83. The company had a trading volume of 6,581,658 shares, compared to its average volume of 20,685,309. Alibaba Group has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $126.71 and a 200 day moving average price of $104.76. The company has a market capitalization of $283.97 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.61 and a beta of 0.24.
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.
NYSE:SPOT traded up $15.04 during trading hours on Thursday, reaching $607.74. The stock had a trading volume of 960,034 shares, compared to its average volume of 2,121,829. The stock has a market capitalization of $124.41 billion, a PE ratio of 102.16 and a beta of 1.75. Spotify Technology has a 52 week low of $271.65 and a 52 week high of $652.63. The company has a 50 day moving average price of $572.08 and a two-hundred day moving average price of $503.17.
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.
Walt Disney stock traded up $2.42 during mid-day trading on Thursday, reaching $89.71. 5,507,597 shares of the company's stock traded hands, compared to its average volume of 10,064,568. Walt Disney has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $162.18 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.80 and a beta of 1.44. The stock has a 50 day moving average of $97.80 and a two-hundred day moving average of $104.20. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.
Read Our Latest Research Report on DIS
See Also
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