Promising Digital Media Stocks To Add to Your Watchlist – July 19th

Alibaba Group, Adobe, Digital Realty Trust, Rocket Companies, Sunrun, Nexstar Media Group, and GameSquare 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 whose core business involves creating, distributing or monetizing digital content—such as streaming services, online publishing platforms, social networks and digital advertising networks. Investors buy these equities to gain exposure to the growth of internet-based entertainment, news, social interaction and targeted advertising. 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.

Shares of NYSE BABA traded up $2.92 during mid-day trading on Friday, reaching $120.22. 26,729,940 shares of the company were exchanged, compared to its average volume of 20,165,837. The company’s 50-day simple moving average is $116.76 and its 200-day simple moving average is $115.44. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $286.85 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.73 and a beta of 0.21. Alibaba Group has a twelve month low of $73.87 and a twelve month high of $148.43.

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.

NASDAQ:ADBE traded down $0.66 during mid-day trading on Friday, reaching $365.79. 2,445,698 shares of the company’s stock were exchanged, compared to its average volume of 3,473,987. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. Adobe has a one year low of $332.01 and a one year high of $587.75. The firm has a market capitalization of $155.17 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51. The business’s fifty day simple moving average is $394.20 and its two-hundred day simple moving average is $403.01.

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.

DLR stock traded up $1.22 during mid-day trading on Friday, hitting $177.98. The stock had a trading volume of 1,393,257 shares, compared to its average volume of 2,018,624. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a market capitalization of $59.94 billion, a P/E ratio of 166.34, a P/E/G ratio of 2.68 and a beta of 0.95. The firm has a fifty day simple moving average of $172.44 and a 200 day simple moving average of $164.03.

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 $0.21 during mid-day trading on Friday, reaching $13.99. The company had a trading volume of 11,541,896 shares, compared to its average volume of 7,207,807. The company’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $13.00. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 12.62 and a current ratio of 12.62. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of -466.33 and a beta of 2.28.

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.

Shares of RUN traded up $0.28 during mid-day trading on Friday, reaching $10.24. The company had a trading volume of 11,862,623 shares, compared to its average volume of 13,457,476. The company’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $8.24. Sunrun has a 1-year low of $5.38 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -0.84 and a beta of 2.60.

Nexstar Media Group (NXST)

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.

NASDAQ:NXST traded up $0.78 during mid-day trading on Friday, hitting $184.85. 379,761 shares of the company’s stock were exchanged, compared to its average volume of 375,612. The company has a 50 day simple moving average of $174.00 and a 200-day simple moving average of $164.28. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.86. Nexstar Media Group has a fifty-two week low of $141.66 and a fifty-two week high of $191.86. The firm has a market capitalization of $5.64 billion, a P/E ratio of 9.36, a PEG ratio of 1.35 and a beta of 1.04.

GameSquare (GAME)

GameSquare Holdings, Inc. operates as a vertically integrated digital media, entertainment, and technology company. Its platform to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency; GCN, a digital media company focusing on the gaming and esports audience; Zoned, a gaming and lifestyle marketing agency; Complexity Gaming, a esports organization operating; Fourth Frame Studios, a creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.

Shares of NASDAQ GAME traded down $0.09 during midday trading on Friday, reaching $1.52. The stock had a trading volume of 40,250,020 shares, compared to its average volume of 1,911,666. The company’s 50 day moving average price is $0.98 and its 200 day moving average price is $0.84. The firm has a market cap of $74.19 million, a price-to-earnings ratio of -1.01 and a beta of 0.76. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.57. GameSquare has a twelve month low of $0.50 and a twelve month high of $2.87.