Best Digital Media Stocks To Add to Your Watchlist - August 1st

Key Points

• MarketBeat highlights five digital media stocks to watch, including Alibaba Group, Rocket Companies, Adobe, Digital Realty Trust, and Sunrun, all demonstrating significant trading volume recently.
• Alibaba Group's stock faces fluctuations, trading at $117.33 with a market cap of $279.86 billion and is involved in various segments including commerce, cloud services, and digital media.
• Rocket Companies, a fintech holding company, saw its shares rise to $16.92, emphasizing its broad service offerings in mortgage lending and real estate technology.

Alibaba Group, Rocket Companies, Adobe, Digital Realty Trust, and Sunrun are the five Digital Media stocks to watch today, according to MarketBeat's stock screener tool. Digital media stocks are shares of publicly traded companies that create, distribute or monetize content via digital channels—examples include streaming services, social networks, online gaming firms and digital advertising platforms. Investing in these stocks offers exposure to trends in internet usage, content consumption and ad-spend shifts, making their performance sensitive to changes in consumer behavior and technological innovation. 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, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Alibaba Group stock traded down $3.30 during mid-day trading on Friday, hitting $117.33. The company's stock had a trading volume of 7,308,193 shares, compared to its average volume of 22,035,486. The firm's 50 day moving average is $115.68 and its 200 day moving average is $117.71. The company has a market cap of $279.86 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.73 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group has a 52-week low of $73.87 and a 52-week high of $148.43.

Read Our Latest Research Report on BABA

Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

Shares of RKT traded up $2.15 during midday trading on Friday, reaching $16.92. 34,708,531 shares of the stock were exchanged, compared to its average volume of 11,781,203. The firm has a 50 day simple moving average of $13.90 and a 200-day simple moving average of $13.28. The company has a quick ratio of 12.62, a current ratio of 12.62 and a debt-to-equity ratio of 1.37. Rocket Companies has a 12-month low of $10.06 and a 12-month high of $21.38. The company has a market cap of $33.83 billion, a price-to-earnings ratio of -563.50 and a beta of 2.28.

Read Our Latest Research Report on RKT

Adobe (ADBE)

Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

Shares of ADBE stock traded down $5.34 during trading on Friday, reaching $352.35. The company had a trading volume of 1,624,260 shares, compared to its average volume of 3,755,816. The firm's 50 day simple moving average is $386.92 and its two-hundred day simple moving average is $399.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe has a one year low of $332.01 and a one year high of $587.75. The company has a market capitalization of $149.47 billion, a PE ratio of 22.57, a PEG ratio of 1.73 and a beta of 1.51.

Read Our Latest Research Report on ADBE

Digital Realty Trust (DLR)

Digital Realty Trust, Inc. operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

Shares of DLR stock traded down $3.30 during trading on Friday, reaching $173.15. The company had a trading volume of 705,440 shares, compared to its average volume of 2,151,359. The firm's 50 day simple moving average is $174.25 and its two-hundred day simple moving average is $164.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The company has a market capitalization of $58.31 billion, a PE ratio of 45.45, a PEG ratio of 3.29 and a beta of 0.95.

Read Our Latest Research Report on DLR

Sunrun (RUN)

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.

Shares of RUN stock traded down $0.18 during trading on Friday, reaching $10.09. The company had a trading volume of 3,876,046 shares, compared to its average volume of 16,737,762. The firm's 50 day simple moving average is $8.87 and its two-hundred day simple moving average is $8.25. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. Sunrun has a one year low of $5.38 and a one year high of $22.26. The company has a market capitalization of $2.30 billion, a PE ratio of -0.83 and a beta of 2.60.

Read Our Latest Research Report on RUN

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