Music Stocks To Follow Today – February 03rd

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks refer to publicly traded companies that are involved in the music industry, such as music streaming services, record labels, music instrument manufacturers, or concert promoters. These stocks can be bought and sold on the stock market as an investment in the music business. 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 AAPL traded down $7.92 during mid-day trading on Monday, hitting $228.08. The stock had a trading volume of 45,005,828 shares, compared to its average volume of 59,197,445. The firm has a market cap of $3.43 trillion, a P/E ratio of 36.20, a PEG ratio of 2.36 and a beta of 1.20. Apple has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a fifty day moving average price of $241.68 and a 200-day moving average price of $230.86.

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.

NASDAQ:AMZN traded down $0.11 during trading hours on Monday, reaching $237.58. The company’s stock had a trading volume of 25,485,794 shares, compared to its average volume of 32,262,908. The firm has a 50-day simple moving average of $223.83 and a 200-day simple moving average of $198.98. The firm has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 50.87, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com has a 1 year low of $151.61 and a 1 year high of $241.77.

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 Alibaba Group stock traded down $0.27 during midday trading on Monday, hitting $98.58. The company had a trading volume of 23,866,493 shares, compared to its average volume of 20,277,145. The stock has a market capitalization of $234.48 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average of $86.58 and a 200 day moving average of $88.92.