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Promising Digital Media Stocks To Watch Now - June 6th

Alibaba Group logo with Retail/Wholesale background

Alibaba Group, Adobe, and Digital Realty Trust 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 that create, distribute, or monetize content through internet-based platforms. This category includes businesses such as streaming services, social networks, digital advertising firms, online gaming publishers, and e-publishing outlets. Investors in digital media stocks typically look to metrics like user growth, engagement rates, advertising revenue, and subscription figures to gauge performance. 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.

BABA stock traded down $1.37 during midday trading on Friday, hitting $118.59. The stock had a trading volume of 4,399,406 shares, compared to its average volume of 19,957,756. The firm has a market capitalization of $282.93 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $118.37 and a 200 day simple moving average of $109.56. Alibaba Group has a 52 week low of $71.80 and a 52 week high of $148.43.

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.

ADBE traded up $1.63 during midday trading on Friday, reaching $416.83. 600,211 shares of the company's stock were exchanged, compared to its average volume of 3,399,933. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $380.73 and a two-hundred day simple moving average of $425.81. The firm has a market capitalization of $177.65 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.15 and a beta of 1.55. Adobe has a one year low of $332.01 and a one year high of $587.75.

Read Our Latest Research Report on ADBE

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.

Shares of Digital Realty Trust stock traded up $1.19 during midday trading on Friday, hitting $177.10. 391,879 shares of the company were exchanged, compared to its average volume of 1,978,898. The firm has a 50 day simple moving average of $158.72 and a 200-day simple moving average of $166.63. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a market cap of $59.65 billion, a P/E ratio of 109.26, a PEG ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Read Our Latest Research Report on DLR

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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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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