Top Music Stocks To Watch Today – November 4th

NetEase, Tencent Music Entertainment Group, and Warner Music Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. “Music stocks” are publicly traded shares in companies involved in the music industry, such as record labels, music-streaming platforms, concert promoters, ticketing firms, and instrument manufacturers. Investors buy these stocks to gain exposure to the industry’s financial performance and growth. 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 stock traded up $5.08 during mid-day trading on Wednesday, hitting $121.31. The company’s stock had a trading volume of 533,786 shares, compared to its average volume of 836,526. The company has a market cap of $77.67 billion, a PE ratio of 16.69, a P/E/G ratio of 1.37 and a beta of 0.64. The company’s fifty day simple moving average is $119.62 and its 200-day simple moving average is $121.06. NetEase has a 52 week low of $106.06 and a 52 week high of $149.11.

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 $0.46 during mid-day trading on Wednesday, hitting $9.49. The company had a trading volume of 3,128,836 shares, compared to its average volume of 8,811,293. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.74. Tencent Music Entertainment Group has a one year low of $7.66 and a one year high of $22.85. The firm has a fifty day moving average price of $8.28 and a 200 day moving average price of $10.25. The company has a market capitalization of $14.94 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

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 up $1.57 on Wednesday, hitting $32.70. 661,534 shares of the company were exchanged, compared to its average volume of 2,286,644. The company has a market cap of $17.11 billion, a PE ratio of 25.95, a PEG ratio of 0.43 and a beta of 1.34. Warner Music Group has a 12 month low of $23.34 and a 12 month high of $35.42. The stock has a fifty day moving average of $28.84 and a 200-day moving average of $28.60. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 4.94.