Promising Social Media Stocks To Consider – November 13th

Strive, Trump Media & Technology Group, and JOYY are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are shares of companies whose businesses center on social networking, content-sharing, or related online platforms. For investors, the term is an informal category rather than a formal market sector and may include companies that earn revenue from advertising, subscriptions, or platform services. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Strive (ASST)

Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

Shares of NASDAQ:ASST traded down $1.00 during trading on Friday, reaching $21.25. The stock had a trading volume of 4,774,500 shares, compared to its average volume of 5,613,022. The business has a fifty day moving average price of $26.78 and a 200-day moving average price of $16.63. The stock has a market cap of $1.82 billion, a PE ratio of -5.89 and a beta of 13.32. Strive has a 1-year low of $7.02 and a 1-year high of $32.08.

Trump Media & Technology Group (DJT)

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Shares of Trump Media & Technology Group stock traded down $0.27 on Friday, hitting $4.71. 4,960,600 shares of the company were exchanged, compared to its average volume of 4,571,171. The company has a 50-day moving average price of $7.45 and a 200 day moving average price of $8.93. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.42 and a beta of 1.35. Trump Media & Technology Group has a 1-year low of $3.80 and a 1-year high of $17.09.

JOYY (YY)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.

Shares of YY traded down $1.87 during midday trading on Friday, reaching $78.74. The company had a trading volume of 268,904 shares, compared to its average volume of 523,246. JOYY has a 1-year low of $30.91 and a 1-year high of $55.30. The stock has a market cap of $4.24 billion, a PE ratio of 23.79 and a beta of 0.21. The firm has a 50 day simple moving average of $79.93 and a 200-day simple moving average of $68.85.