Best Music Stocks To Watch Now – March 6th

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of companies that operate within the music industry, including record labels, streaming services, live event organizers, and music production firms. These stocks allow investors to gain exposure to the economic activities of the music sector, with performance influenced by trends in digital distribution, consumer demand, and overall industry growth. 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.

Shares of NASDAQ AAPL traded down $2.01 during trading on Thursday, reaching $233.73. 22,216,033 shares of the company traded hands, compared to its average volume of 53,420,960. The stock has a market cap of $3.51 trillion, a P/E ratio of 37.19, a PEG ratio of 2.44 and a beta of 1.20. The firm’s fifty day simple moving average is $238.36 and its 200 day simple moving average is $233.93. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple has a 12-month low of $164.08 and a 12-month 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.

AMZN traded down $8.32 during midday trading on Thursday, hitting $200.04. 23,391,149 shares of the company traded hands, compared to its average volume of 37,215,758. The business has a 50 day simple moving average of $225.12 and a two-hundred day simple moving average of $206.50. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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 $2.26 during trading on Thursday, hitting $138.77. The stock had a trading volume of 26,968,510 shares, compared to its average volume of 18,522,367. The company’s 50-day moving average price is $103.27 and its two-hundred day moving average price is $96.00. Alibaba Group has a twelve month low of $68.36 and a twelve month high of $146.76. The stock has a market capitalization of $329.72 billion, a P/E ratio of 20.08, a PEG ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.