Promising Digital Media Stocks To Follow Now - August 17th

Key Points

• MarketBeat highlights Alibaba Group, Adobe, Sunrun, Digital Realty Trust, Rocket Companies, BCE, and Magnite as seven promising digital media stocks to follow currently, emphasizing their links to online content and advertising revenues.
• Alibaba has a market cap of $288.85 billion and recent trading activity showed a decrease to $121.12, while Adobe shares increased to $354.85, showcasing significant movements in the tech space.
• Sunrun saw a notable jump in stock price to $13.92 with substantial trading volume, indicating strong investor interest in residential solar energy solutions.

Alibaba Group, Adobe, Sunrun, Digital Realty Trust, Rocket Companies, BCE, and Magnite are the seven 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 through online channels such as social networks, streaming platforms, digital publishers and gaming services. Their revenues typically derive from advertising, subscriptions, licensing and e-commerce, making their performance closely tied to user engagement, technological innovation and shifts in marketing spend from traditional to digital formats. 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.

NYSE:BABA traded down $1.16 on Friday, reaching $121.12. The stock had a trading volume of 11,116,699 shares, compared to its average volume of 12,711,124. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a 12-month low of $79.21 and a 12-month high of $148.43. The company has a 50-day moving average of $116.23 and a 200 day moving average of $120.46. The stock has a market cap of $288.85 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.17.

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 $6.27 during mid-day trading on Friday, reaching $354.85. 3,716,829 shares of the company traded hands, compared to its average volume of 3,584,382. The firm has a market cap of $150.53 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. Adobe has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day simple moving average of $371.84 and a 200-day simple moving average of $392.50.

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 stock traded up $3.44 during midday trading on Friday, reaching $13.92. The company had a trading volume of 76,333,032 shares, compared to its average volume of 14,380,869. The company has a market capitalization of $3.21 billion, a P/E ratio of -1.20 and a beta of 2.37. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The company has a 50 day moving average of $9.63 and a two-hundred day moving average of $8.36.

Read Our Latest Research Report on RUN

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.

NYSE:DLR traded up $0.72 on Friday, reaching $166.94. The stock had a trading volume of 1,949,868 shares, compared to its average volume of 1,448,169. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $198.00. The stock has a fifty day moving average price of $173.67 and a 200-day moving average price of $163.52. The company has a market capitalization of $56.93 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Read Our Latest Research Report on DLR

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.

RKT traded down $0.15 on Friday, reaching $18.57. The company had a trading volume of 11,253,538 shares, compared to its average volume of 26,278,802. Rocket Companies has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The stock has a market cap of $37.14 billion, a P/E ratio of -371.40 and a beta of 2.28. The company's fifty day moving average is $15.02 and its 200 day moving average is $13.73. The company has a debt-to-equity ratio of 2.36, a quick ratio of 12.62 and a current ratio of 18.74.

Read Our Latest Research Report on RKT

BCE (BCE)

BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.

Shares of NYSE:BCE traded up $0.23 during trading on Friday, reaching $25.60. The stock had a trading volume of 3,383,810 shares, compared to its average volume of 3,043,904. The firm's fifty day moving average is $23.34 and its 200 day moving average is $22.85. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 88.28, a P/E/G ratio of 4.30 and a beta of 0.62. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.57 and a current ratio of 0.61. BCE has a 52 week low of $20.28 and a 52 week high of $36.17.

Read Our Latest Research Report on BCE

Magnite (MGNI)

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.

Shares of MGNI traded up $0.11 during mid-day trading on Friday, reaching $23.70. The company's stock had a trading volume of 2,903,873 shares, compared to its average volume of 2,818,075. The stock has a market cap of $3.37 billion, a PE ratio of 81.73, a P/E/G ratio of 1.63 and a beta of 3.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Magnite has a 52 week low of $8.22 and a 52 week high of $25.27. The company's fifty day moving average price is $21.96 and its two-hundred day moving average price is $17.02.

Read Our Latest Research Report on MGNI

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