Social Media Stocks To Add to Your Watchlist – June 2nd

Shopify, Omnicom Group, and Vertiv are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are shares of publicly traded companies that own or operate online platforms for user interaction, content sharing and networking. These companies generate revenue primarily through advertising, subscription services and data-driven monetization based on user engagement metrics. Investors evaluate them by tracking user growth, engagement rates and potential regulatory risks. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

Shares of SHOP traded down $1.22 on Monday, reaching $106.00. The company’s stock had a trading volume of 3,121,939 shares, compared to its average volume of 9,421,563. The stock’s 50 day simple moving average is $95.31 and its two-hundred day simple moving average is $105.03. The stock has a market capitalization of $137.25 billion, a P/E ratio of 68.35, a PEG ratio of 4.82 and a beta of 2.66. Shopify has a 12-month low of $48.56 and a 12-month high of $129.38.

Omnicom Group (OMC)

Omnicom Group Inc., together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.

Omnicom Group stock traded down $2.88 during midday trading on Monday, reaching $70.56. 3,851,179 shares of the stock traded hands, compared to its average volume of 2,306,258. Omnicom Group has a 12 month low of $69.13 and a 12 month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market cap of $13.77 billion, a P/E ratio of 9.47, a PEG ratio of 1.94 and a beta of 0.95. The stock’s fifty day moving average is $75.51 and its 200-day moving average is $83.52.

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Shares of VRT traded up $0.52 during trading hours on Monday, hitting $108.45. The company had a trading volume of 2,170,292 shares, compared to its average volume of 8,886,922. Vertiv has a one year low of $53.60 and a one year high of $155.84. The company’s fifty day moving average price is $86.34 and its two-hundred day moving average price is $105.09. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $41.33 billion, a PE ratio of 84.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.