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November 21, 2005

SpeculatingStocks.com Stock Pick: Napster, Inc. (NAPS)

Stock Price: $3.27


Napster, Inc. is a provider of online music for the consumer market. The Company's users have access to songs from various labels and are able to stream or download those songs and store them on a variety of media.

NAPS was up close to 7% today on double than average volume. It looks as if NAPS has support at $3.00 and will return quickly to the $4.00 level, its previous support. NAPS was down at this level in August of 2004 before rising to above $10.

Napster has a strong brand name and has just begun a beta testing service with XM Satellite Radio Holdings to provide Napster's library of some 1.5 million songs to subscribers. Revenues have been growing steadily for NAPS over the last three quarters. NAPS has a market cap of only $143.51 million.

 
     
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