Top Music Stocks To Follow Now – February 22nd

Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Live Nation Entertainment, and Western Digital are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. 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.

AAPL stock traded down $0.28 during trading on Friday, reaching $245.55. 53,102,300 shares of the company were exchanged, compared to its average volume of 49,742,392. The company has a market cap of $3.69 trillion, a P/E ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20. 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 stock’s 50 day moving average price is $240.47 and its 200 day moving average price is $232.55. 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 down $6.30 on Friday, reaching $216.58. The stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The firm has a market capitalization of $2.30 trillion, a PE ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $227.88 and a 200 day moving average of $203.96. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.

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.

Shares of BABA stock traded up $7.70 during mid-day trading on Friday, reaching $143.67. The stock had a trading volume of 73,657,797 shares, compared to its average volume of 39,341,764. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $341.36 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. The business has a 50-day simple moving average of $95.43 and a 200 day simple moving average of $92.88. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $145.30.

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.

SPOT stock traded down $29.79 on Friday, reaching $606.98. The company had a trading volume of 2,197,419 shares, compared to its average volume of 2,236,177. Spotify Technology has a 1 year low of $243.99 and a 1 year high of $652.63. The company’s fifty day moving average is $523.55 and its 200 day moving average is $435.73. The company has a market cap of $120.82 billion, a P/E ratio of 102.01 and a beta of 1.63.

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.

Shares of DIS traded down $1.93 during trading hours on Friday, reaching $108.62. 9,064,386 shares of the company traded hands, compared to its average volume of 8,550,070. The stock has a market capitalization of $196.37 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. Walt Disney has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $110.70 and a 200 day simple moving average of $102.39.

Live Nation Entertainment (LYV)

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

Shares of NYSE:LYV traded down $2.95 during midday trading on Friday, reaching $149.37. The company’s stock had a trading volume of 5,271,421 shares, compared to its average volume of 1,978,175. Live Nation Entertainment has a 1 year low of $86.81 and a 1 year high of $157.75. The business has a 50 day moving average price of $139.23 and a 200 day moving average price of $122.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Western Digital (WDC)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

NASDAQ:WDC traded down $2.58 during trading hours on Friday, reaching $68.71. 9,049,641 shares of the company were exchanged, compared to its average volume of 6,931,031. Western Digital has a 52-week low of $52.77 and a 52-week high of $81.55. The stock has a 50 day simple moving average of $64.78 and a 200 day simple moving average of $65.54. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 16.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.99 and a quick ratio of 1.26.