Best Digital Media Stocks Worth Watching – May 16th

Adobe, Alibaba Group, and Rocket Companies 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 whose primary business involves creating, distributing or monetizing content through digital channels such as streaming platforms, social networks, online gaming or digital advertising. Investors in these stocks gain exposure to the growth and innovation of the online media ecosystem, which is driven by factors like increasing internet penetration, mobile device usage and evolving consumer preferences. Performance in this sector is often tied to subscriber growth, advertising revenue and the companies’ ability to scale their digital offerings. These companies had the highest dollar trading volume of any Digital Media stocks within the last several days.

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 $10.37 on Friday, reaching $415.06. The company’s stock had a trading volume of 2,569,622 shares, compared to its average volume of 3,427,066. Adobe has a 52-week low of $332.01 and a 52-week high of $587.75. The company has a market cap of $176.90 billion, a P/E ratio of 33.49, a PEG ratio of 2.15 and a beta of 1.55. The company has a 50-day simple moving average of $376.01 and a 200 day simple moving average of $434.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07.

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 $0.41 during trading on Friday, hitting $124.31. The company had a trading volume of 8,432,639 shares, compared to its average volume of 20,493,148. The stock has a market cap of $296.83 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group has a one year low of $71.80 and a one year high of $148.43. The company has a fifty day simple moving average of $123.70 and a two-hundred day simple moving average of $107.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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.

Shares of RKT traded up $0.84 during mid-day trading on Friday, reaching $13.61. 10,920,426 shares of the company’s stock traded hands, compared to its average volume of 5,412,470. The stock has a market cap of $27.16 billion, a P/E ratio of -85.02 and a beta of 2.33. The stock’s 50-day moving average is $13.01 and its two-hundred day moving average is $13.03. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.