Promising Streaming Stocks To Follow Today – November 8th

Roku, Spotify Technology, Franco-Nevada, NetEase, Logitech International, Tencent Music Entertainment Group, and Corsair Gaming are the seven Streaming stocks to watch today, according to MarketBeat’s stock screener tool. “Streaming stocks” generally refers to shares of companies that provide or support internet-delivered video, music, or other streaming services. Examples include streaming platforms and related businesses; it’s an informal industry label, not a distinct type of stock. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

Roku (ROKU)

Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

NASDAQ:ROKU traded up $0.15 during trading hours on Friday, hitting $160.52. 11,519,211 shares of the stock traded hands, compared to its average volume of 2,800,236. The firm has a 50 day moving average price of $155.33 and a 200 day moving average price of $128.92. Roku has a fifty-two week low of $78.53 and a fifty-two week high of $163.57. The firm has a market cap of $23.82 billion, a price-to-earnings ratio of 47.49 and a beta of 2.12.

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.

Shares of Spotify Technology stock traded down $11.70 during midday trading on Friday, hitting $602.71. The company’s stock had a trading volume of 1,842,409 shares, compared to its average volume of 1,922,500. The firm has a market capitalization of $124.09 billion, a P/E ratio of 39.96, a PEG ratio of 1.87 and a beta of 1.49. The stock has a 50-day simple moving average of $537.42 and a 200-day simple moving average of $500.48. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $668.49.

Franco-Nevada (FNV)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.

NYSE:FNV traded up $4.12 during trading hours on Friday, hitting $254.81. 621,470 shares of the company’s stock traded hands, compared to its average volume of 542,885. The firm has a market cap of $49.15 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.96 and a beta of 0.34. Franco-Nevada has a twelve month low of $187.47 and a twelve month high of $285.67. The stock’s fifty day moving average price is $248.82 and its two-hundred day moving average price is $240.07.

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.

NASDAQ NTES traded up $2.89 during trading on Friday, reaching $129.45. 756,386 shares of the company’s stock were exchanged, compared to its average volume of 759,482. NetEase has a fifty-two week low of $106.06 and a fifty-two week high of $149.11. The firm has a market capitalization of $82.88 billion, a PE ratio of 17.83, a P/E/G ratio of 1.53 and a beta of 0.64. The company’s fifty day simple moving average is $119.67 and its 200-day simple moving average is $120.89.

Logitech International (LOGI)

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.

Shares of LOGI traded down $1.92 during trading hours on Friday, reaching $96.25. The company’s stock had a trading volume of 753,031 shares, compared to its average volume of 1,346,128. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 5.09 and a beta of 1.21. Logitech International has a 1-year low of $83.32 and a 1-year high of $129.66. The company has a 50 day moving average of $101.82 and a two-hundred day moving average of $99.75.

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 $0.08 during mid-day trading on Friday, reaching $9.53. The company had a trading volume of 3,636,789 shares, compared to its average volume of 5,757,921. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.68 and a beta of 0.76. The stock has a fifty day moving average of $8.33 and a two-hundred day moving average of $10.14. Tencent Music Entertainment Group has a 12-month low of $7.66 and a 12-month high of $21.91.

Corsair Gaming (CRSR)

Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.

CRSR traded down $0.96 on Friday, reaching $11.84. 2,787,980 shares of the company traded hands, compared to its average volume of 1,314,699. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 32.00 and a beta of 1.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. The stock’s 50 day moving average price is $13.17 and its 200-day moving average price is $9.17. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $14.98.