Digital Media Stocks To Follow Now – March 23rd

Adobe, Alibaba Group, Digital Realty Trust, Nexstar Media Group, Rocket Companies, Sunrun, and Ziff Davis are the seven Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks refer to the shares of companies that primarily operate in the digital content and media space, such as online video platforms, streaming services, social media networks, and digital publishing companies. These companies benefit from the increasing consumer shift toward digital media consumption and are often closely tied to technological innovations that drive online advertising, content delivery, and consumer engagement. These companies had the highest dollar trading volume of any Digital Media stocks within the last several days.

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.

Shares of ADBE stock traded down $2.35 during mid-day trading on Friday, hitting $387.26. 7,579,546 shares of the stock were exchanged, compared to its average volume of 3,193,419. The stock’s fifty day simple moving average is $434.16 and its two-hundred day simple moving average is $475.80. The stock has a market capitalization of $168.62 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.15 and a beta of 1.37. Adobe has a 12-month low of $374.50 and a 12-month high of $587.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07.

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 BABA stock traded down $1.75 during mid-day trading on Friday, hitting $135.16. 13,933,174 shares of the stock were exchanged, compared to its average volume of 19,057,705. The stock’s fifty day simple moving average is $116.49 and its two-hundred day simple moving average is $100.78. The stock has a market capitalization of $321.14 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.61 and a beta of 0.27. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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 DLR stock traded down $0.65 during mid-day trading on Friday, hitting $150.76. 4,766,080 shares of the stock were exchanged, compared to its average volume of 1,867,575. The stock’s fifty day simple moving average is $162.82 and its two-hundred day simple moving average is $169.91. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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.

Shares of NASDAQ NXST traded down $0.39 during midday trading on Friday, reaching $176.99. 2,599,603 shares of the company were exchanged, compared to its average volume of 341,037. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a 1 year low of $146.04 and a 1 year high of $191.86. The stock has a fifty day simple moving average of $159.66 and a 200 day simple moving average of $164.04. The stock has a market cap of $5.40 billion, a P/E ratio of 10.24, a PEG ratio of 0.45 and a beta of 1.47.

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 NYSE RKT traded down $0.25 during midday trading on Friday, reaching $14.10. 6,863,772 shares of the company were exchanged, compared to its average volume of 3,405,837. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $21.38. The stock has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $14.61. The stock has a market cap of $28.14 billion, a P/E ratio of -88.09 and a beta of 2.39.

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 down $0.12 during midday trading on Friday, reaching $6.59. 14,121,308 shares of the company were exchanged, compared to its average volume of 10,668,616. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun has a 1 year low of $5.93 and a 1 year high of $22.26. The stock has a fifty day simple moving average of $8.23 and a 200 day simple moving average of $11.68. The stock has a market cap of $1.49 billion, a P/E ratio of -3.62 and a beta of 2.84.

Ziff Davis (ZD)

Ziff Davis, Inc., together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.

ZD traded down $0.15 during trading on Friday, reaching $41.82. The company’s stock had a trading volume of 1,651,825 shares, compared to its average volume of 459,864. Ziff Davis has a 52-week low of $37.62 and a 52-week high of $63.87. The company’s fifty day moving average price is $48.42 and its 200-day moving average price is $50.73. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 35.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.