Best Digital Media Stocks To Follow Today - August 8th

Key Points

• Alibaba Group, Adobe, and Sunrun are highlighted as the top digital media stocks to monitor, driven by recent high trading volumes.
• Alibaba Group's stock price recently dropped to $120.12, with a market cap of $286.54 billion and significant trading activity reported.
• Adobe's stock traded down to $337.71, showcasing a market capitalization of $143.26 billion and various financial metrics reflecting its performance.

Alibaba Group, Adobe, and Sunrun are the three Digital Media stocks to watch today, according to MarketBeat's stock screener tool. Digital media stocks are shares of publicly traded companies whose core businesses involve creating, distributing or monetizing content via digital platforms—such as streaming services, social networks, gaming, and online advertising networks. Investors in these stocks seek exposure to the growth of digital entertainment, marketing and content‐delivery technologies, with performance often driven by metrics like user engagement, subscription growth and advertising revenues. 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 $0.84 during trading hours on Friday, reaching $120.12. 4,485,652 shares of the company were exchanged, compared to its average volume of 21,597,537. Alibaba Group has a 12 month low of $77.74 and a 12 month high of $148.43. The firm has a market cap of $286.54 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.78 and a beta of 0.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $115.65 and a 200 day moving average of $118.93.

Read Our Latest Research Report on BABA

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.

NASDAQ:ADBE traded down $0.56 during midday trading on Friday, reaching $337.71. The stock had a trading volume of 1,132,188 shares, compared to its average volume of 3,778,536. The stock has a market capitalization of $143.26 billion, a P/E ratio of 21.61, a PEG ratio of 1.64 and a beta of 1.51. 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 1-year low of $332.01 and a 1-year high of $587.75. The firm's fifty day simple moving average is $380.02 and its 200-day simple moving average is $396.70.

Read Our Latest Research Report on ADBE

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.

RUN traded down $0.05 during midday trading on Friday, reaching $11.95. The company's stock had a trading volume of 11,057,290 shares, compared to its average volume of 16,807,752. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The company has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $8.27. The stock has a market cap of $2.73 billion, a P/E ratio of -1.02 and a beta of 2.37. Sunrun has a twelve month low of $5.38 and a twelve month high of $22.26.

Read Our Latest Research Report on RUN

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