Best Music Stocks To Research – August 5th

Amazon.com, Apple, and Spotify Technology are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks (often called stock or production music) are pre-recorded, royalty-cleared audio tracks and loops made available through libraries for licensing in films, TV shows, advertisements, video games and other multimedia projects. Rather than commissioning custom compositions, producers and content creators select and license these ready-made pieces—usually under straightforward fee-based or subscription models—to save time and control costs. 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.

Shares of NASDAQ:AMZN traded up $2.29 during trading hours on Tuesday, hitting $213.94. The company’s stock had a trading volume of 34,734,329 shares, compared to its average volume of 44,993,680. Amazon.com has a 52 week low of $158.54 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 1.57 and a beta of 1.31. The firm’s fifty day moving average price is $218.42 and its 200 day moving average price is $208.93.

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.

Shares of NASDAQ:AAPL traded up $0.33 during trading hours on Tuesday, hitting $203.68. The company’s stock had a trading volume of 26,082,286 shares, compared to its average volume of 56,911,527. The firm’s fifty day moving average price is $205.53 and its 200 day moving average price is $213.31. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.20 and a beta of 1.17.

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 down $11.41 on Tuesday, hitting $647.18. 1,435,777 shares of the company’s stock traded hands, compared to its average volume of 2,346,712. The firm’s 50-day moving average price is $700.81 and its two-hundred day moving average price is $626.67. Spotify Technology has a 1-year low of $319.07 and a 1-year high of $785.00. The firm has a market capitalization of $132.48 billion, a PE ratio of 157.07, a P/E/G ratio of 2.71 and a beta of 1.69.