|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||1.0500 - 1.0600|
|52-week range||0.8300 - 1.6200|
|Beta (5Y monthly)||0.28|
|PE ratio (TTM)||175.00|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Our writer considers whether he should include a FTSE 250 fund -- seeking to take advantage of the growth in music streaming -- in his portfolio. The post Should this FTSE 250 stock be my Christmas Number 1? appeared first on The Motley Fool UK.
The company's portfolio has more than 65,000 songs, and includes "Queen of Christmas" Carey's 1994 song "All I Want for Christmas Is You", which is a popular Christmas standard and has been topping the Billboard Hot 100 chart during the holidays every year since 2019. Hipgnosis has co-owned the song since 2020, with founder and Chief Executive Officer Merck Mercuriadis' steadily pushing to build the company's roster as the pandemic drove people to listen to records online, making streaming more lucrative.
Investors in Hipgnosis Songs Fund, a trust that owns the rights to popular songs, will have noticed that share price performance has been a little off-key in recent times.