Social Media Stocks To Follow Today – August 16th

Shopify, Vertiv, and Bullish are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are equity shares of publicly traded companies whose core business is operating social networking platforms, content-sharing apps or related digital communication services. Investing in these stocks gives exposure to revenue models driven largely by online advertising, subscription fees and data-driven services based on user engagement. Their performance is often influenced by user growth, platform innovation and regulatory or privacy developments. 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 stock traded down $2.80 during trading on Friday, reaching $141.47. 7,196,217 shares of the company’s stock were exchanged, compared to its average volume of 10,474,101. The stock has a market capitalization of $183.54 billion, a PE ratio of 91.27, a PEG ratio of 4.82 and a beta of 2.63. Shopify has a twelve month low of $65.86 and a twelve month high of $156.85. The firm’s fifty day moving average price is $121.52 and its 200-day moving average price is $109.14.

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.

NYSE VRT traded up $0.34 on Friday, reaching $132.86. The stock had a trading volume of 6,204,076 shares, compared to its average volume of 7,781,719. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The firm has a fifty day moving average of $128.12 and a two-hundred day moving average of $105.20. Vertiv has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market cap of $50.74 billion, a P/E ratio of 63.57, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77.

Bullish (BLSH)

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

NYSE BLSH traded down $4.90 on Friday, reaching $69.73. The stock had a trading volume of 9,051,959 shares, compared to its average volume of 20,713,152. Bullish has a 1-year low of $68.00 and a 1-year high of $118.00.