Promising Digital Media Stocks To Think About– June 5th
Alibaba Group, Adobe, Rocket Business, Digital Real Estate Trust, Sunrun, Magnite, and DoubleVerify are the 7 Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks are shares of openly traded business that develop, distribute, or generate income from content and marketing through digital channels such as streaming platforms, social networks, websites, and mobile apps. These companies generate earnings from subscription charges, digital marketing, licensing rights, and in-app purchases. Investors in digital media stocks seek exposure to the growing demand for online content and the digital transformation of traditional media organizations. These companies had the highest dollar trading volume of any Digital Media stocks within the last several days.
Alibaba Group (BABA)
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, sellers, and other companies engage with their users and consumers in the People’s Republic of China and internationally. The business operates through seven sections: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Alibaba Group stock traded up $0.63 during trading on Thursday, reaching $120.08. 8,483,685 shares of the company were exchanged, compared to its average volume of 19,968,812. Alibaba Group has a 52-week low of $71.80 and a 52-week high of $148.43. The company has a market capitalization of $286.47 billion, a P/E ratio of 17.35, a PEG ratio of 0.61, and a beta of 0.24. The stock’s 50-day simple moving average is $118.62, and its two-hundred day simple moving average is $109.35.
Adobe (ADBE)
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three sections: Digital Media, Digital Experience, and Publishing and Marketing. The Digital Media section provides products, services, and services that allow people, teams, and businesses to create, release, and promote content; and Document Cloud, a merged cloud-based document services platform.
Adobe stock traded up $7.39 during trading on Thursday, reaching $421.30. 846,511 shares of the company were exchanged, compared to its average volume of 3,641,316. Adobe has a 52-week low of $332.01 and a 52-week high of $587.75. The company has a market capitalization of $179.56 billion, a P/E ratio of 33.97, a PEG ratio of 2.15, and a beta of 1.55. The stock’s 50-day simple moving average is $380.10, and its two-hundred day simple moving average is $426.39.
Rocket Business (RKT)
Rocket Companies, Inc., a fintech holding company, provides mortgage settlement, title and lending services, and other financial technology services in the United States and Canada. It operates through two sectors, Direct to Customer and Partner Network.
Rocket Business stock traded up $1.00 during midday trading on Thursday, hitting $13.47. 12,947,924 shares of the company’s stock were exchanged, compared to its average volume of 5,845,805. Business has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $12.76. The company has a current ratio of 15.47, a quick ratio of 15.47, and a debt-to-equity ratio of 1.51. Rocket Business has a 1-year low of $10.06 and a 1-year high of $21.38.
Digital Realty Trust (DLR)
Digital Real Estate Trust, Inc. operates as a property investment trust, which engages in the provision of data center, colocation, and interconnection solutions. It serves industries such as artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
DLR stock traded up $1.45 during midday trading on Thursday, hitting $177.45. 347,816 shares of the company’s stock were exchanged, compared to its average volume of 1,976,908. Business has a 50-day simple moving average of $158.07 and a two-hundred day simple moving average of $166.68. The company has a current ratio of 2.07, a quick ratio of 1.61, and a debt-to-equity ratio of 0.80. Digital Real Estate Trust has a 1-year low of $129.95 and a 1-year high of $198.00.
Sunrun (RUN)
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar power systems in the United States. It also offers solar energy systems and products, such as panels and racking; and solar leads generated to customers.
RUN stock traded up $0.27 during midday trading on Thursday, hitting $8.43. 5,161,590 shares of the company’s stock were exchanged, compared to its average volume of 11,878,166. Sunrun has a 1-year low of $5.45 and a 1-year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15, and a debt-to-equity ratio of 1.92. Sunrun has a 50-day simple moving average of $7.72 and a two-hundred day simple moving average of $8.59.
Magnite (MGNI)
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and worldwide. The company’s platform provides applications and services for sellers of digital advertising inventory or publishers that operate and own CTV channels, applications, websites, and other digital media properties.
Shares of NASDAQ MGNI traded up $0.79 during trading on Thursday, reaching $17.47. The stock had a trading volume of 1,931,965 shares, compared to its average volume of 2,119,070. Magnite has a fifty-two week low of $8.22 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11, and a current ratio of 1.11. Business’s 50-day moving average price is $12.97 and its 200-day moving average price is $15.12.
DoubleVerify (DV)
DoubleVerify Holdings, Inc. provides a software platform for digital media measurement and data analytics in the United States and globally. The company offers solutions to advertisers that enable advertisers to maximize the effectiveness and quality and return on their digital marketing investments.
DV stock traded up $0.35 during trading on Thursday, hitting $15.08. 868,665 shares of the company’s stock were exchanged, compared to its average volume of 2,324,122. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. Business has a 50-day moving average price of $13.28 and a two-hundred day moving average price of $17.14. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 2.63, and a beta of 1.03.
