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Social Media Stocks To Keep An Eye On - November 9th

Strive logo with Finance background
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Key Points

  • MarketBeat’s screener named Strive (ASST), JOYY (YY and JOYY listings), Trump Media & Technology Group (DJT), and Sprout Social (SPT) among social-media stocks with the highest recent dollar trading volume.
  • The companies span social-media marketing and community services, video and live-streaming platforms, TRUTH Social, and cloud-based social-media management software.
  • In Monday trading, ASST fell to $21.32 and DJT stood at $4.01, while the listed JOYY shares and SPT edged higher. DJT was near its reported 52-week low of $3.80.
  • MarketBeat previews top five stocks to own in December.

Strive, JOYY, Trump Media & Technology Group, JOYY, and Sprout Social are the five 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 provide closely related services. Investors may assess them based on factors such as user growth, advertising revenue, engagement, and the company’s ability to monetize its 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.

Strive stock traded down $0.12 during midday trading on Monday, hitting $21.32. 3,393,233 shares of the company were exchanged, compared to its average volume of 5,600,370. The business has a fifty day simple moving average of $26.89 and a two-hundred day simple moving average of $16.52. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $34.40. The firm has a market capitalization of $1.82 billion, a PE ratio of -2.41 and a beta of 13.32.

Read Our Latest Research Report on ASST

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 mid-day trading on Monday, hitting $80.91. The stock had a trading volume of 269,003 shares, compared to its average volume of 523,246. JOYY has a twelve month low of $30.91 and a twelve month high of $55.30. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.44 and a beta of 0.21. The firm's 50 day moving average is $79.41 and its 200 day moving average is $68.59.

Read Our Latest Research Report on YY

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.

Shares of NASDAQ:DJT traded up $0.03 during midday trading on Monday, reaching $4.01. 3,872,113 shares of the company's stock were exchanged, compared to its average volume of 4,434,473. The firm's 50 day simple moving average is $7.83 and its two-hundred day simple moving average is $9.13. Trump Media & Technology Group has a fifty-two week low of $3.80 and a fifty-two week high of $17.09. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -0.82 and a beta of 1.35.

Read Our Latest Research Report on DJT

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 NASDAQ JOYY traded up $0.69 during mid-day trading on Monday, hitting $81.60. The company had a trading volume of 96,945 shares, compared to its average volume of 331,018. JOYY has a 1-year low of $54.24 and a 1-year high of $85.15. The business's 50-day simple moving average is $79.53 and its 200 day simple moving average is $68.64. The company has a market capitalization of $4.00 billion, a PE ratio of 19.47 and a beta of 0.44.

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.

Shares of NASDAQ SPT traded up $0.02 during midday trading on Monday, reaching $11.08. 385,322 shares of the company were exchanged, compared to its average volume of 1,379,003. The stock has a market cap of $671.42 million, a P/E ratio of -24.60, a PEG ratio of 5.50 and a beta of 0.95. The stock has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $8.30. Sprout Social has a 1 year low of $4.92 and a 1 year high of $13.35. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

Read Our Latest Research Report on SPT

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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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