Best Music Stocks To Watch Now – February 04th

Apple, Amazon.com, and Spotify Technology are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks refer to stocks of companies involved in the music industry, including music streaming services, record labels, music production companies, and music technology companies. These stocks can be traded on various stock exchanges and allow investors to financially back and hopefully profit from the success of the music industry. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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.

Apple stock traded up $3.80 during mid-day trading on Tuesday, reaching $231.81. The company had a trading volume of 25,915,895 shares, compared to its average volume of 59,029,832. The company has a 50 day moving average of $241.58 and a 200-day moving average of $230.89. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 36.77, a PEG ratio of 2.36 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple has a 52 week low of $164.07 and a 52 week high of $260.10.

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 AMZN traded up $4.52 on Tuesday, reaching $241.94. 16,184,067 shares of the stock traded hands, compared to its average volume of 32,062,387. The firm has a market cap of $2.54 trillion, a price-to-earnings ratio of 51.77, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50-day moving average price is $224.55 and its 200-day moving average price is $199.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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 Spotify Technology stock traded up $64.22 during mid-day trading on Tuesday, reaching $613.30. 4,562,882 shares of the stock were exchanged, compared to its average volume of 1,916,218. Spotify Technology has a fifty-two week low of $219.36 and a fifty-two week high of $618.55. The firm has a 50-day simple moving average of $482.11 and a 200 day simple moving average of $407.08. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 166.60 and a beta of 1.63.