Promising Digital Media Stocks To Keep An Eye On – June 25th

Alibaba Group, Adobe, Rocket Companies, Sunrun, Digital Realty Trust, BCE, and Magnite 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 content over digital platforms. They include firms in online streaming, social media, digital advertising, gaming and other internet-based media services, letting investors tap into the growth of online content consumption and ad spending. 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 traded down $1.73 during midday trading on Wednesday, hitting $115.28. 5,213,209 shares of the company’s stock traded hands, compared to its average volume of 19,920,566. The company has a market cap of $274.91 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.46 and a beta of 0.22. The stock’s fifty day simple moving average is $119.41 and its 200-day simple moving average is $112.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. Alibaba Group has a one year low of $71.80 and a one year 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.

ADBE traded up $5.43 during midday trading on Wednesday, hitting $387.77. 1,058,000 shares of the company’s stock traded hands, compared to its average volume of 3,392,792. The company has a market cap of $165.27 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.55. The stock’s fifty day simple moving average is $390.90 and its 200-day simple moving average is $414.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 1.18. Adobe has a one year low of $332.01 and a one year high of $587.75.

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.

RKT traded down $0.41 during midday trading on Wednesday, hitting $14.54. 4,544,737 shares of the company’s stock traded hands, compared to its average volume of 6,357,494. Rocket Companies has a one year low of $10.06 and a one year high of $21.38. The company has a market cap of $29.08 billion, a PE ratio of -484.17, a price-to-earnings-growth ratio of 0.94 and a beta of 2.28. The company has a debt-to-equity ratio of 1.37, a current ratio of 12.62 and a quick ratio of 12.62. The stock’s fifty day simple moving average is $12.80 and its 200-day simple moving average is $12.73.

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 NASDAQ:RUN traded up $0.06 during trading on Wednesday, reaching $7.26. The stock had a trading volume of 8,022,180 shares, compared to its average volume of 13,011,411. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.26. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -0.60 and a beta of 2.61. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89. The stock has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $8.27.

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 NYSE:DLR traded down $1.87 during trading on Wednesday, reaching $175.80. The stock had a trading volume of 286,498 shares, compared to its average volume of 1,988,416. 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 $59.21 billion, a price-to-earnings ratio of 164.17, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $167.55 and a two-hundred day simple moving average of $165.09.

BCE (BCE)

BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.

Shares of NYSE:BCE traded down $0.17 during trading on Wednesday, reaching $21.81. The stock had a trading volume of 1,646,979 shares, compared to its average volume of 3,028,525. BCE has a 52 week low of $20.28 and a 52 week high of $36.17. The stock has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $22.84. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 83.87, a P/E/G ratio of 3.63 and a beta of 0.61. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 2.40.

Magnite (MGNI)

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.

MGNI stock traded up $0.61 on Wednesday, reaching $20.66. 993,373 shares of the company were exchanged, compared to its average volume of 2,144,365. Magnite has a 12 month low of $8.22 and a 12 month high of $21.29. The stock’s fifty day moving average price is $15.23 and its 200 day moving average price is $15.24. The firm has a market capitalization of $2.92 billion, a PE ratio of 103.51, a PEG ratio of 1.54 and a beta of 2.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98.