Digital Media Stocks To Keep An Eye On - August 12th

Key Points

• MarketBeat highlights three key Digital Media stocks to watch: Alibaba Group, Adobe, and Rocket Companies.
• Alibaba's stock reached $121.71 with a market capitalization of $290.27 billion, showcasing significant trading activity despite its varying highs and lows over the past 12 months.
• Adobe's share price increased to $338.08, while Rocket Companies' stock rose to $18.40, demonstrating positive movements in their recent trading sessions.

Alibaba Group, Adobe, and Rocket Companies are the three Digital Media stocks to watch today, according to MarketBeat's stock screener tool. Digital media stocks are publicly traded shares of companies that create, distribute and monetize content via digital platforms—such as social networks, streaming services, online news sites and gaming applications. Investing in these stocks provides exposure to the growth of digital advertising, subscription-based revenue models and evolving consumer engagement with online content. 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.

Shares of NYSE BABA traded up $3.07 during midday trading on Tuesday, reaching $121.71. The company's stock had a trading volume of 5,554,555 shares, compared to its average volume of 21,463,180. Alibaba Group has a 12-month low of $77.74 and a 12-month high of $148.43. The firm has a 50 day moving average price of $115.85 and a 200-day moving average price of $119.84. The stock has a market capitalization of $290.27 billion, a P/E ratio of 16.32, a PEG ratio of 1.77 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

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.

Shares of NASDAQ ADBE traded up $4.43 during midday trading on Tuesday, reaching $338.08. The company's stock had a trading volume of 1,799,707 shares, compared to its average volume of 3,785,655. Adobe has a 12-month low of $330.04 and a 12-month high of $587.75. The firm has a 50 day moving average price of $377.15 and a 200-day moving average price of $394.76. The stock has a market capitalization of $143.41 billion, a P/E ratio of 21.64, a PEG ratio of 1.62 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.

Read Our Latest Research Report on ADBE

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.

Rocket Companies stock traded up $1.29 during trading on Tuesday, hitting $18.40. The stock had a trading volume of 13,389,918 shares, compared to its average volume of 12,221,251. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $21.38. The company has a quick ratio of 12.62, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. The stock's 50 day moving average is $14.53 and its two-hundred day moving average is $13.57. The stock has a market cap of $36.79 billion, a price-to-earnings ratio of -368.14 and a beta of 2.28.

Read Our Latest Research Report on RKT

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