Top Music Stocks To Add to Your Watchlist – March 24th

Amazon.com, Apple, Alibaba Group, Endeavor Group, and Spotify Technology are the five Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of companies involved in various aspects of the music industry, such as recording, production, distribution, and music streaming. These stocks allow investors to participate in the financial success of the industry, which can be influenced by consumer trends, technological advancements, and shifts in media consumption habits. 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.

AMZN traded up $5.83 during trading on Monday, hitting $202.04. The stock had a trading volume of 22,872,968 shares, compared to its average volume of 38,380,664. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. 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 has a market cap of $2.14 trillion, a PE ratio of 36.56, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a 50 day simple moving average of $218.90 and a 200-day simple moving average of $208.44.

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 AAPL traded up $1.05 during trading hours on Monday, reaching $219.32. 20,998,384 shares of the company traded hands, compared to its average volume of 52,580,249. The stock has a market cap of $3.29 trillion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple has a 1-year low of $164.08 and a 1-year high of $260.10. The stock’s fifty day moving average is $231.82 and its 200 day moving average is $233.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

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 $0.46 on Monday, hitting $134.68. 10,526,050 shares of the company were exchanged, compared to its average volume of 19,024,947. The company has a market cap of $320.00 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $116.49 and a two-hundred day moving average of $100.91. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $148.43.

Endeavor Group (EDR)

Endeavor Group Holdings, Inc. operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc., Professional Bull Rider, and Euroleague.

Shares of NYSE EDR traded up $1.22 during mid-day trading on Monday, hitting $30.05. The company’s stock had a trading volume of 38,272,387 shares, compared to its average volume of 3,127,133. The company’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $29.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a one year low of $25.07 and a one year high of $35.99. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72.

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 $3.40 during trading on Monday, hitting $603.34. 1,312,741 shares of the company were exchanged, compared to its average volume of 2,104,412. Spotify Technology has a 1-year low of $257.56 and a 1-year high of $652.63. The firm’s fifty day moving average price is $567.23 and its 200 day moving average price is $470.02. The firm has a market capitalization of $123.51 billion, a P/E ratio of 101.52 and a beta of 1.66.