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Promising Social Media Stocks Worth Watching - November 8th

Strive logo with Finance background
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Key Points

  • MarketBeat’s screen flagged Strive, Trump Media & Technology Group, JOYY, Sprout Social, Weibo, and Harte Hanks among social-media-related stocks with high recent dollar trading volume.
  • Friday trading was mixed: JOYY rose to $80.91, while Strive reached $21.45 and Sprout Social $11.06; Trump Media fell to $3.99 and Harte Hanks to $3.96.
  • Several stocks remained near the lower end of their reported 52-week ranges, including Trump Media at $3.99 versus a $3.80 low and Weibo at $6.53 versus a $6.09 low.
  • MarketBeat previews the top five stocks to own by December 1st.

Strive, Trump Media & Technology Group, JOYY, JOYY, Sprout Social, Weibo, and Harte Hanks are the seven Social Media stocks to watch today, according to MarketBeat's stock screener tool. Social media stocks are shares of publicly traded companies that operate social networking platforms or earn significant revenue from social media services. Investors may assess them based on factors such as user growth, engagement, advertising revenue, and the companies’ ability to monetize their platforms. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Strive (ASST)

Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

Shares of NASDAQ:ASST traded up $0.86 during mid-day trading on Friday, reaching $21.45. 4,824,362 shares of the company were exchanged, compared to its average volume of 8,998,118. Strive has a 1 year low of $7.02 and a 1 year high of $34.40. The firm's 50-day simple moving average is $26.89 and its 200 day simple moving average is $16.52. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -2.43 and a beta of 13.32.

Read Our Latest Research Report on ASST

Trump Media & Technology Group (DJT)

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

NASDAQ:DJT traded down $0.03 on Friday, reaching $3.99. 7,960,250 shares of the company's stock were exchanged, compared to its average volume of 6,413,650. Trump Media & Technology Group has a 52-week low of $3.80 and a 52-week high of $17.09. The business has a fifty day moving average of $7.83 and a 200-day moving average of $9.13. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -0.81 and a beta of 1.35.

Read Our Latest Research Report on DJT

JOYY (YY)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.

NASDAQ:YY traded up $0.91 during midday trading on Friday, reaching $80.91. The company had a trading volume of 269,003 shares, compared to its average volume of 523,246. The stock's fifty day simple moving average is $79.41 and its 200-day simple moving average is $68.59. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.44 and a beta of 0.21. JOYY has a 12-month low of $30.91 and a 12-month high of $55.30.

Read Our Latest Research Report on YY

JOYY (JOYY)

JOYY Inc., through its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing.

Shares of JOYY traded up $0.91 during mid-day trading on Friday, reaching $80.91. The company's stock had a trading volume of 269,001 shares, compared to its average volume of 276,920. The company's 50 day moving average is $79.53 and its 200 day moving average is $68.64. The stock has a market cap of $3.96 billion, a PE ratio of 19.31 and a beta of 0.44. JOYY has a 12-month low of $54.24 and a 12-month high of $85.15.

Read Our Latest Research Report on JOYY

Sprout Social (SPT)

Sprout Social, Inc. designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.

SPT stock traded up $0.25 during midday trading on Friday, reaching $11.06. 1,141,929 shares of the company were exchanged, compared to its average volume of 855,735. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 0.91. Sprout Social has a 1-year low of $4.92 and a 1-year high of $13.35. The stock's 50-day simple moving average is $11.09 and its 200 day simple moving average is $8.30. The company has a market cap of $670.13 million, a price-to-earnings ratio of -24.58 and a beta of 0.95.

Read Our Latest Research Report on SPT

Weibo (WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.

Shares of Weibo stock traded up $0.07 during trading hours on Friday, hitting $6.53. The company had a trading volume of 643,492 shares, compared to its average volume of 949,408. The company's 50-day moving average is $6.51 and its two-hundred day moving average is $8.06. Weibo has a twelve month low of $6.09 and a twelve month high of $11.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market cap of $1.60 billion, a P/E ratio of 5.40 and a beta of 0.19.

Read Our Latest Research Report on WB

Harte Hanks (HHS)

Harte-Hanks, Inc. engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail.

NASDAQ:HHS traded down $0.05 during midday trading on Friday, hitting $3.96. 96,933 shares of the company were exchanged, compared to its average volume of 44,767. The company has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $3.11. Harte Hanks has a fifty-two week low of $2.00 and a fifty-two week high of $4.67. The company has a market capitalization of $29.50 million, a PE ratio of -5.21 and a beta of 0.24.

Read Our Latest Research Report on HHS

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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