Music Stocks To Research – November 5th

NetEase, Zeta Network Group, Tencent Music Entertainment Group, Warner Music Group, Dolby Laboratories, Madison Square Garden Entertainment, and Reservoir Media are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. “Music stocks” are shares of publicly traded companies that earn a significant portion of their revenue from the music industry. They may include record labels, music-streaming services, concert promoters, and companies that make musical instruments or equipment. These companies had the highest dollar trading volume of any Music stocks within the last several days.

NetEase (NTES)

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

Shares of NTES traded up $5.25 during mid-day trading on Thursday, hitting $126.51. 775,841 shares of the company’s stock were exchanged, compared to its average volume of 838,322. The company has a 50-day simple moving average of $119.47 and a 200 day simple moving average of $120.99. NetEase has a 52 week low of $106.06 and a 52 week high of $149.11. The company has a market cap of $81.00 billion, a PE ratio of 17.44, a P/E/G ratio of 1.38 and a beta of 0.64.

Zeta Network Group (ZNB)

Color Star Technology Co., Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc.

Shares of NASDAQ:ZNB traded up $0.45 during midday trading on Thursday, hitting $1.07. The stock had a trading volume of 75,105,953 shares, compared to its average volume of 897,338. The business’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $69.10. Zeta Network Group has a 12 month low of $0.35 and a 12 month high of $976.00.

Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

Shares of NYSE TME traded up $0.01 during mid-day trading on Thursday, reaching $9.49. 6,405,307 shares of the company were exchanged, compared to its average volume of 8,813,441. Tencent Music Entertainment Group has a twelve month low of $7.66 and a twelve month high of $22.79. The stock has a market capitalization of $14.94 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.59 and a beta of 0.76. The company’s 50-day simple moving average is $8.30 and its 200-day simple moving average is $10.21. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.13.

Warner Music Group (WMG)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Records, Warner Classics, and Warner Music Nashville.

NASDAQ WMG traded down $0.65 on Thursday, reaching $31.90. The stock had a trading volume of 732,506 shares, compared to its average volume of 2,285,072. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.73 and a quick ratio of 0.72. The firm has a fifty day moving average of $28.93 and a two-hundred day moving average of $28.61. Warner Music Group has a 1-year low of $23.34 and a 1-year high of $35.42. The company has a market cap of $16.69 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.34.

Dolby Laboratories (DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.

Shares of DLB traded down $0.32 during midday trading on Thursday, reaching $64.70. 359,929 shares of the stock were exchanged, compared to its average volume of 823,968. The stock’s 50 day simple moving average is $60.66 and its 200 day simple moving average is $59.34. The company has a market cap of $6.06 billion, a P/E ratio of 27.49 and a beta of 0.79. Dolby Laboratories has a twelve month low of $48.26 and a twelve month high of $69.95.

Madison Square Garden Entertainment (MSGE)

Shares of MSGE stock traded down $3.68 on Thursday, hitting $75.05. The company’s stock had a trading volume of 134,965 shares, compared to its average volume of 410,224. Madison Square Garden Entertainment has a fifty-two week low of $43.33 and a fifty-two week high of $90.41. The company has a market capitalization of $3.04 billion, a PE ratio of 54.35 and a beta of 0.56. The stock’s 50 day moving average is $79.20 and its 200-day moving average is $70.72. The company has a debt-to-equity ratio of 11.80, a quick ratio of 0.70 and a current ratio of 0.70.

Reservoir Media (RSVR)

Reservoir Media, Inc. operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.

Reservoir Media stock traded down $0.21 during midday trading on Thursday, hitting $10.13. The company’s stock had a trading volume of 53,919 shares, compared to its average volume of 73,913. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $666.98 million, a price-to-earnings ratio of 77.97 and a beta of 0.82. Reservoir Media has a 1-year low of $7.07 and a 1-year high of $13.39. The company has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $9.56.